Teachers Advisors LLC boosted its stake in shares of Timken Company (The) (NYSE:TKR) by 63.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 233,658 shares of the company’s stock after buying an additional 91,026 shares during the period. Teachers Advisors LLC owned 0.30% of Timken Company (The) worth $8,211,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TKR. LS Investment Advisors LLC increased its position in Timken Company (The) by 75.0% in the second quarter. LS Investment Advisors LLC now owns 4,222 shares of the company’s stock valued at $129,000 after buying an additional 1,810 shares during the period. New York State Teachers Retirement System increased its position in Timken Company (The) by 5.3% in the second quarter. New York State Teachers Retirement System now owns 130,279 shares of the company’s stock valued at $3,994,000 after buying an additional 6,600 shares during the period. Meeder Asset Management Inc. increased its position in Timken Company (The) by 59.7% in the second quarter. Meeder Asset Management Inc. now owns 10,742 shares of the company’s stock valued at $329,000 after buying an additional 4,017 shares during the period. American Century Companies Inc. increased its position in Timken Company (The) by 1,836.0% in the second quarter. American Century Companies Inc. now owns 323,674 shares of the company’s stock valued at $9,924,000 after buying an additional 306,955 shares during the period. Finally, Capital Fund Management S.A. purchased a new position in Timken Company (The) during the second quarter valued at $753,000. Institutional investors and hedge funds own 78.12% of the company’s stock.

Institutional Ownership by Quarter for Timken Company (The) (NYSE:TKR)

Timken Company (NYSE:TKR) traded up 1.925% during midday trading on Friday, reaching $43.675. The company’s stock had a trading volume of 25,695 shares. The firm’s 50-day moving average price is $40.33 and its 200-day moving average price is $35.27. The stock has a market capitalization of $3.40 billion, a PE ratio of 37.683 and a beta of 1.51. Timken Company has a 52 week low of $22.22 and a 52 week high of $43.75.

Timken Company (The) (NYSE:TKR) last released its earnings results on Thursday, October 27th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. Timken Company (The) had a return on equity of 12.38% and a net margin of 3.40%. The company had revenue of $657.40 million for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts anticipate that Timken Company will post $1.93 earnings per share for the current year.

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Several equities analysts have recently weighed in on TKR shares. Zacks Investment Research upgraded Timken Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, September 29th. Evercore ISI upgraded Timken Company (The) from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Monday, November 7th. Bank of America Corporation downgraded Timken Company (The) from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Thursday, November 17th. They noted that the move was a valuation call. Finally, Stifel Nicolaus downgraded Timken Company (The) from a “buy” rating to a “hold” rating and raised their target price for the company from $37.00 to $42.00 in a research report on Thursday, December 8th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.88.

Timken Company (The) Company Profile

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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