Trexquant Investment LP bought a new stake in shares of Timken Company (The) (NYSE:TKR) during the second quarter, Holdings Channel reports. The firm bought 15,902 shares of the industrial products company’s stock, valued at approximately $735,000.

A number of other large investors also recently made changes to their positions in the stock. TrimTabs Asset Management LLC raised its stake in shares of Timken Company (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 3,110 shares of the industrial products company’s stock valued at $141,000 after buying an additional 1,464 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Timken Company (The) during the first quarter valued at about $144,000. Robecosam AG bought a new stake in shares of Timken Company (The) during the first quarter valued at about $158,000. US Bancorp DE raised its stake in shares of Timken Company (The) by 3.9% in the first 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 during the last quarter. Finally, HM Payson & Co. bought a new stake in shares of Timken Company (The) during the first quarter valued at about $202,000. Institutional investors and hedge funds own 76.94% of the company’s stock.

Shares of Timken Company (NYSE TKR) opened at 43.60 on Friday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 21.64 and a beta of 1.38. The stock has a 50 day moving average of $46.38 and a 200-day moving average of $45.58. Timken Company has a one year low of $31.60 and a one year high of $51.75.

Timken Company (The) (NYSE:TKR) last announced its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. The business had revenue of $750.60 million during the quarter, compared to analyst estimates of $716.50 million. During the same period last year, the firm posted $0.55 EPS. The company’s revenue was up 11.4% on a year-over-year basis. On average, equities analysts expect that Timken Company will post $2.57 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, August 18th. Timken Company (The)’s dividend payout ratio (DPR) is currently 51.67%.

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Several brokerages have issued reports on TKR. BidaskClub lowered 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) lowered shares of Timken Company (The) from a “conviction-buy” rating to a “buy” rating and dropped their target price for the company from $55.00 to $51.00 in a research report on Monday. Stifel Nicolaus lifted their target price on shares of Timken Company (The) from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Jefferies Group LLC reiterated a “hold” rating and set a $45.00 target price on shares of Timken Company (The) in a research report on Friday, July 14th. Finally, Zacks Investment Research lowered shares of Timken Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Timken Company (The) presently has an average rating of “Hold” and an average price target of $46.83.

In other Timken Company (The) news, Director Jacqueline F. Woods sold 1,300 shares of the stock in a transaction that occurred 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 directly owns 19,249 shares of the company’s stock, valued at approximately $885,838.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 11.08% of the company’s stock.

About Timken Company (The)

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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