Aperio Group LLC lowered its stake in shares of Timken Company (The) (NYSE:TKR) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 34,503 shares of the industrial products company’s stock after selling 728 shares during the period. Aperio Group LLC’s holdings in Timken Company (The) were worth $1,596,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TrimTabs Asset Management LLC raised its position in Timken Company (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 3,110 shares of the industrial products company’s stock valued at $141,000 after buying an additional 1,464 shares during the last quarter. James Investment Research Inc. acquired a new position in Timken Company (The) during the first quarter valued at about $144,000. Robecosam AG acquired a new position in Timken Company (The) during the first quarter valued at about $158,000. US Bancorp DE raised its position in Timken Company (The) by 3.9% in the first quarter. US Bancorp DE now owns 3,872 shares of the industrial products company’s stock valued at $175,000 after buying an additional 145 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in Timken Company (The) during the first quarter valued at about $202,000. Hedge funds and other institutional investors own 76.94% of the company’s stock.

Shares of Timken Company (TKR) traded up 0.172% during trading on Friday, reaching $43.675. 271,605 shares of the company were exchanged. The company’s 50-day moving average is $46.38 and its 200 day moving average is $45.58. The firm has a market capitalization of $3.40 billion, a PE ratio of 21.675 and a beta of 1.38. Timken Company has a 1-year low of $31.60 and a 1-year high of $51.75.

Timken Company (The) (NYSE:TKR) last issued its earnings results on Wednesday, July 26th. The industrial products company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. The company had revenue of $750.60 million for the quarter, compared to the consensus estimate of $716.50 million. During the same period in the previous year, the firm earned $0.55 earnings per share. Timken Company (The)’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts expect that Timken Company will post $2.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, August 18th. Timken Company (The)’s dividend payout ratio (DPR) is presently 51.67%.

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Several research firms have recently issued reports on TKR. BidaskClub lowered shares of Timken Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) lowered shares of Timken Company (The) from a “conviction-buy” rating to a “buy” rating and lowered their target price for the company from $55.00 to $51.00 in a report on Monday. Stifel Nicolaus lifted their target price on shares of Timken Company (The) from $46.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 28th. Jefferies Group LLC reiterated a “hold” rating and set a $45.00 target price on shares of Timken Company (The) in a report on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Timken Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Timken Company (The) presently has an average rating of “Hold” and an average price target of $46.83.

In other Timken Company (The) news, Director Jacqueline F. Woods sold 1,300 shares of Timken Company (The) stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $46.02, for a total transaction of $59,826.00. Following the transaction, the director now directly owns 19,249 shares of the company’s stock, valued at $885,838.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.08% of the stock is owned by insiders.

Timken Company (The) Company Profile

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

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

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