World Investment Advisors LLC Buys New Position in The Timken Company (NYSE:TKR)

World Investment Advisors LLC bought a new stake in The Timken Company (NYSE:TKR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,855 shares of the industrial products company’s stock, valued at approximately $409,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. M&T Bank Corp grew its position in Timken by 0.6% in the 3rd quarter. M&T Bank Corp now owns 24,482 shares of the industrial products company’s stock valued at $2,064,000 after buying an additional 144 shares in the last quarter. Creative Planning grew its position in Timken by 1.7% in the 2nd quarter. Creative Planning now owns 9,123 shares of the industrial products company’s stock valued at $731,000 after buying an additional 150 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its position in Timken by 1.0% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 15,208 shares of the industrial products company’s stock valued at $1,282,000 after buying an additional 155 shares in the last quarter. Blue Trust Inc. grew its position in Timken by 20.0% in the 3rd quarter. Blue Trust Inc. now owns 997 shares of the industrial products company’s stock valued at $80,000 after buying an additional 166 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Timken by 64.1% during the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Timken Stock Performance

Shares of TKR opened at $74.76 on Wednesday. The Timken Company has a one year low of $72.35 and a one year high of $94.71. The company has a 50-day moving average of $79.34 and a two-hundred day moving average of $81.28. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62.

Timken (NYSE:TKR) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Timken had a return on equity of 14.82% and a net margin of 7.41%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. On average, equities research analysts expect that The Timken Company will post 5.61 earnings per share for the current year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Tuesday, November 19th. Timken’s dividend payout ratio (DPR) is 28.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TKR shares. KeyCorp restated a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Morgan Stanley upgraded shares of Timken from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $82.00 to $93.00 in a research report on Tuesday. Citigroup upgraded shares of Timken from a “neutral” rating to a “buy” rating and raised their price objective for the company from $85.00 to $90.00 in a research report on Monday, December 9th. DA Davidson reduced their price objective on shares of Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Evercore ISI upgraded shares of Timken from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $87.00 to $91.00 in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.90.

Insider Transactions at Timken

In other news, Director Richard G. Kyle sold 30,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $76.59, for a total value of $2,297,700.00. Following the completion of the sale, the director now directly owns 194,485 shares of the company’s stock, valued at $14,895,606.15. This represents a 13.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is owned by insiders.

Timken Company Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.