Aperio Group LLC decreased its holdings in shares of Timken Company (The) (NYSE:TKR) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,099 shares of the industrial products company’s stock after selling 4,404 shares during the quarter. Aperio Group LLC’s holdings in Timken Company (The) were worth $1,461,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Teacher Retirement System of Texas increased its stake in Timken Company (The) by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 5,618 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 26 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in Timken Company (The) by 0.6% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 6,510 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 41 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Timken Company (The) by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,244 shares of the industrial products company’s stock worth $474,000 after acquiring an additional 47 shares during the last quarter. Sterling Capital Management LLC increased its stake in Timken Company (The) by 0.3% during the second quarter. Sterling Capital Management LLC now owns 18,698 shares of the industrial products company’s stock worth $865,000 after acquiring an additional 47 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in Timken Company (The) by 2.4% during the second quarter. Capstone Asset Management Co. now owns 5,605 shares of the industrial products company’s stock worth $259,000 after acquiring an additional 130 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on TKR shares. ValuEngine cut Timken Company (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, July 26th. BidaskClub cut Timken Company (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reissued a “hold” rating and set a $50.00 target price on shares of Timken Company (The) in a research note on Thursday, October 26th. Finally, The Goldman Sachs Group, Inc. cut Timken Company (The) from a “conviction-buy” rating to a “buy” rating and cut their target price for the stock from $55.00 to $51.00 in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Timken Company (The) presently has a consensus rating of “Hold” and a consensus target price of $49.60.

Timken Company (TKR) opened at $45.95 on Friday. Timken Company has a 52-week low of $37.80 and a 52-week high of $53.10. The company has a market capitalization of $3,481.13, a price-to-earnings ratio of 18.61, a PEG ratio of 1.48 and a beta of 1.46. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.59.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.08 annualized dividend and a dividend yield of 2.35%. Timken Company (The)’s dividend payout ratio is currently 43.03%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.watchlistnews.com/timken-company-the-tkr-holdings-cut-by-aperio-group-llc/1708947.html.

Timken Company (The) 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 Company (The) (NYSE:TKR)

Receive News & Ratings for Timken Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.