Dupont Capital Management Corp cut its holdings in Timken Co (NYSE:TKR) by 20.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 38,515 shares of the industrial products company’s stock after selling 9,934 shares during the quarter. Dupont Capital Management Corp’s holdings in Timken were worth $1,680,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TKR. JOYN Advisors Inc. raised its stake in Timken by 23,766.7% in the 4th quarter. JOYN Advisors Inc. now owns 716 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 713 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Timken by 22.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,555 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 285 shares during the last quarter. Private Capital Group LLC increased its stake in shares of Timken by 41.3% during the 4th quarter. Private Capital Group LLC now owns 2,289 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 669 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Timken by 17.7% during the 1st quarter. Bank of Montreal Can now owns 2,427 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 365 shares during the last quarter. Finally, World Asset Management Inc acquired a new position in shares of Timken during the 1st quarter valued at about $207,000. Institutional investors and hedge funds own 78.77% of the company’s stock.

Shares of NYSE:TKR opened at $51.40 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.81 and a quick ratio of 1.31. Timken Co has a 1 year low of $33.98 and a 1 year high of $52.45. The stock has a market cap of $3.97 billion, a PE ratio of 12.30, a PEG ratio of 0.88 and a beta of 1.77.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.11. Timken had a return on equity of 21.51% and a net margin of 8.55%. The business had revenue of $979.70 million during the quarter, compared to analysts’ expectations of $983.81 million. During the same quarter in the previous year, the business earned $1.01 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, sell-side analysts forecast that Timken Co will post 5.27 EPS for the current year.

A number of research analysts have recently commented on TKR shares. Zacks Investment Research downgraded shares of Timken from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. ValuEngine raised shares of Timken from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $54.83.

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Timken Profile

The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

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Institutional Ownership by Quarter for Timken (NYSE:TKR)

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