New York State Common Retirement Fund decreased its position in Timken Company (The) (NYSE:TKR) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 717,329 shares of the industrial products company’s stock after selling 34,095 shares during the period. New York State Common Retirement Fund owned 0.92% of Timken worth $34,826,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. boosted its position in shares of Timken by 6.5% during the 3rd quarter. Sei Investments Co. now owns 269,391 shares of the industrial products company’s stock worth $13,079,000 after purchasing an additional 16,547 shares during the period. FDx Advisors Inc. purchased a new position in shares of Timken during the 3rd quarter worth approximately $225,000. Alps Advisors Inc. boosted its position in shares of Timken by 73.7% during the 3rd quarter. Alps Advisors Inc. now owns 26,505 shares of the industrial products company’s stock worth $1,287,000 after purchasing an additional 11,249 shares during the period. Swiss National Bank boosted its position in shares of Timken by 1.3% during the 3rd quarter. Swiss National Bank now owns 117,400 shares of the industrial products company’s stock worth $5,700,000 after purchasing an additional 1,500 shares during the period. Finally, Scout Investments Inc. boosted its position in shares of Timken by 5.1% during the 3rd quarter. Scout Investments Inc. now owns 360,241 shares of the industrial products company’s stock worth $17,490,000 after purchasing an additional 17,375 shares during the period. 79.30% of the stock is owned by institutional investors and hedge funds.

In related news, insider Richard G. Kyle sold 9,242 shares of Timken stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $49.75, for a total transaction of $459,789.50. Following the sale, the insider now directly owns 89,236 shares in the company, valued at approximately $4,439,491. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.08% of the stock is owned by company insiders.

Shares of Timken Company (NYSE:TKR) traded down $0.35 on Friday, hitting $49.00. 460,195 shares of the stock were exchanged, compared to its average volume of 611,948. Timken Company has a fifty-two week low of $38.90 and a fifty-two week high of $53.10. The firm has a market cap of $3,830.41, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.63 and a beta of 1.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.59 and a quick ratio of 1.38.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. Timken had a net margin of 6.88% and a return on equity of 13.75%. The business had revenue of $771.40 million for the quarter, compared to analyst estimates of $758.91 million. During the same period last year, the business earned $0.53 EPS. The company’s revenue was up 17.3% on a year-over-year basis. equities research analysts expect that Timken Company will post 2.62 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.08 annualized dividend and a yield of 2.20%. Timken’s dividend payout ratio is currently 43.03%.

A number of equities analysts recently weighed in on TKR shares. BidaskClub cut shares of Timken from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. ValuEngine lowered shares of Timken from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Timken from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Jefferies Group reiterated a “hold” rating and set a $50.00 target price on shares of Timken in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.00.

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Timken 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.

Institutional Ownership by Quarter for Timken (NYSE:TKR)

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