Timken Company (The) (NYSE:TKR) EVP William R. Burkhart sold 29,542 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $45.49, for a total transaction of $1,343,865.58. Following the sale, the executive vice president now directly owns 43,277 shares of the company’s stock, valued at $1,968,670.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Timken Company (NYSE:TKR) traded down 0.723% during mid-day trading on Thursday, reaching $44.625. 309,550 shares of the company were exchanged. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 23.242 and a beta of 1.39. The firm’s 50-day moving average is $43.41 and its 200-day moving average is $37.50. Timken Company has a 12 month low of $28.32 and a 12 month high of $46.45.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Wednesday, February 22nd will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, February 17th. This represents a $1.04 annualized dividend and a dividend yield of 2.31%. Timken Company (The)’s dividend payout ratio (DPR) is presently 54.17%.

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TKR has been the subject of several research reports. Jefferies Group LLC boosted their price objective on shares of Timken Company (The) to $45.00 in a research note on Monday. TheStreet raised shares of Timken Company (The) from a “c” rating to a “b-” rating in a research note on Thursday, February 9th. Evercore ISI raised shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Monday, November 7th. Goldman Sachs Group, Inc. (The) raised shares of Timken Company (The) from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Friday, January 27th. Finally, Zacks Investment Research raised shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Friday, January 20th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $42.25.

Several large investors have recently modified their holdings of the stock. Tyers Asset Management LLC purchased a new position in Timken Company (The) during the fourth quarter valued at $130,000. Flinton Capital Management LLC purchased a new position in Timken Company (The) during the fourth quarter valued at $158,000. LS Investment Advisors LLC boosted its position in Timken Company (The) by 8.8% in the third quarter. LS Investment Advisors LLC now owns 4,593 shares of the company’s stock valued at $161,000 after buying an additional 371 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Timken Company (The) by 118.7% in the third quarter. Acrospire Investment Management LLC now owns 5,527 shares of the company’s stock valued at $194,000 after buying an additional 3,000 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in Timken Company (The) during the third quarter valued at $206,000. Institutional investors and hedge funds own 75.87% of the company’s stock.

About Timken Company (The)

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries, which offers bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers and related products and maintenance services, and Process Industries, which provides industrial bearings and assemblies, power transmission components such as gears and gearboxes, couplings, seals, lubricants, chains and related products and services.

5 Day Chart for NYSE:TKR

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