Sei Investments Co. lowered its stake in Timken Company (The) (NYSE:TKR) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,844 shares of the industrial products company’s stock after selling 232 shares during the period. Sei Investments Co.’s holdings in Timken Company (The) were worth $11,694,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TKR. Bragg Financial Advisors Inc increased its stake in shares of Timken Company (The) by 0.6% in the first quarter. Bragg Financial Advisors Inc now owns 69,795 shares of the industrial products company’s stock valued at $3,155,000 after buying an additional 445 shares in the last quarter. BB&T Corp increased its stake in shares of Timken Company (The) by 1.4% in the second quarter. BB&T Corp now owns 194,417 shares of the industrial products company’s stock valued at $8,992,000 after buying an additional 2,632 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of Timken Company (The) by 5.2% in the first quarter. Capstone Asset Management Co. now owns 5,475 shares of the industrial products company’s stock valued at $247,000 after buying an additional 270 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of Timken Company (The) during the first quarter valued at about $1,288,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of Timken Company (The) during the first quarter valued at about $2,608,000. 76.94% of the stock is owned by institutional investors.

Timken Company (NYSE:TKR) opened at 44.45 on Thursday. Timken Company has a one year low of $31.60 and a one year high of $51.75. The firm has a market cap of $3.46 billion, a PE ratio of 22.06 and a beta of 1.38. The company’s 50-day moving average is $46.40 and its 200 day moving average is $45.59.

Timken Company (The) (NYSE:TKR) last announced its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The business had revenue of $750.60 million during the quarter, compared to analyst estimates of $716.50 million. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. Timken Company (The)’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. Equities analysts anticipate that Timken Company will post $2.56 earnings per share for the current year.

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.08 dividend on an annualized basis and a yield of 2.43%. Timken Company (The)’s dividend payout ratio (DPR) is presently 51.67%.

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TKR has been the subject of several research reports. BidaskClub downgraded shares of Timken Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) downgraded shares of Timken Company (The) from a “conviction-buy” rating to a “buy” rating and lowered their price objective for the stock from $55.00 to $51.00 in a research report on Monday. Zacks Investment Research raised shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Saturday, April 29th. ValuEngine raised shares of Timken Company (The) from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $53.00 price objective on shares of Timken Company (The) in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $46.83.

In other Timken Company (The) news, Director Jacqueline F. Woods sold 1,300 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $46.02, for a total transaction of $59,826.00. Following the completion of the sale, the director now owns 19,249 shares in the company, valued at approximately $885,838.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.08% of the company’s stock.

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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