Flinton Capital Management LLC lifted its position in Timken Company (The) (NYSE:TKR) by 134.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,536 shares of the industrial products company’s stock after buying an additional 21,556 shares during the period. Flinton Capital Management LLC’s holdings in Timken Company (The) were worth $1,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TKR. US Bancorp DE increased its position in shares of Timken Company (The) by 3.9% in the 1st 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 in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Timken Company (The) by 4.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,595 shares of the industrial products company’s stock valued at $298,000 after buying an additional 301 shares in the last quarter. M&T Bank Corp increased its position in shares of Timken Company (The) by 1.0% in the 1st quarter. M&T Bank Corp now owns 8,119 shares of the industrial products company’s stock valued at $367,000 after buying an additional 80 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Timken Company (The) by 10.1% in the 1st quarter. JPMorgan Chase & Co. now owns 399,046 shares of the industrial products company’s stock valued at $18,036,000 after buying an additional 36,714 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Timken Company (The) by 467.6% in the 1st quarter. Prudential Financial Inc. now owns 231,468 shares of the industrial products company’s stock valued at $10,463,000 after buying an additional 190,690 shares in the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.

A number of research firms recently commented on TKR. Zacks Investment Research upgraded 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 Wednesday, July 26th. BidaskClub upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Jefferies Group LLC restated a “hold” rating and issued a $45.00 price objective on shares of Timken Company (The) in a research report on Friday, July 14th. Stifel Nicolaus restated a “hold” rating and issued a $53.00 price objective on shares of Timken Company (The) in a research report on Friday, June 30th. Finally, ValuEngine cut shares of Timken Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Timken Company (The) currently has a consensus rating of “Hold” and an average target price of $46.67.

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Timken Company (TKR) remained flat at $48.80 during trading on Friday. The stock had a trading volume of 21,796 shares. The stock’s 50 day moving average is $46.16 and its 200-day moving average is $45.96. Timken Company has a 52-week low of $31.60 and a 52-week high of $51.75. The company has a market capitalization of $3.80 billion, a P/E ratio of 24.22 and a beta of 1.41.

Timken Company (The) (NYSE:TKR) last released its earnings results on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $750.60 million for 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 revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. Equities research analysts forecast that Timken Company will post $2.57 earnings per share for the current fiscal year.

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.

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

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