Hantz Financial Services Inc. Takes $229,000 Position in The Timken Company (NYSE:TKR)

Hantz Financial Services Inc. acquired a new stake in shares of The Timken Company (NYSE:TKR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,855 shares of the industrial products company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TKR. GAMMA Investing LLC acquired a new stake in Timken in the fourth quarter valued at approximately $35,000. Russell Investments Group Ltd. boosted its stake in Timken by 11.1% in the fourth quarter. Russell Investments Group Ltd. now owns 107,153 shares of the industrial products company’s stock valued at $8,588,000 after acquiring an additional 10,712 shares in the last quarter. Van ECK Associates Corp acquired a new stake in Timken in the fourth quarter valued at approximately $1,284,000. Victory Capital Management Inc. boosted its stake in Timken by 0.5% in the fourth quarter. Victory Capital Management Inc. now owns 223,946 shares of the industrial products company’s stock valued at $17,949,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Sheets Smith Wealth Management acquired a new stake in Timken in the fourth quarter valued at approximately $454,000. 89.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Timken

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of Timken stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total value of $2,413,800.00. Following the completion of the transaction, the chief executive officer now owns 244,485 shares of the company’s stock, valued at $19,671,263.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is owned by corporate insiders.

Timken Trading Up 0.9 %

Shares of Timken stock opened at $84.53 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.95 and a quick ratio of 1.64. The firm has a fifty day moving average price of $82.41 and a 200 day moving average price of $84.71. The Timken Company has a 1 year low of $65.71 and a 1 year high of $94.71. The stock has a market cap of $5.95 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.81 and a beta of 1.46.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.03. Timken had a net margin of 7.52% and a return on equity of 16.36%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the company posted $2.01 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. Equities research analysts predict that The Timken Company will post 6.13 earnings per share for the current year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, August 20th. This represents a $1.36 annualized dividend and a dividend yield of 1.61%. Timken’s dividend payout ratio (DPR) is presently 25.90%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TKR. Evercore ISI lowered their target price on shares of Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Raymond James began coverage on shares of Timken in a report on Friday, June 28th. They issued a “market perform” rating for the company. Finally, KeyCorp raised their price target on shares of Timken from $95.00 to $104.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Timken presently has an average rating of “Hold” and a consensus target price of $88.18.

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.