Inspire Investing LLC Buys 279 Shares of The Timken Company (NYSE:TKR)

Inspire Investing LLC boosted its stake in shares of The Timken Company (NYSE:TKR) by 6.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,367 shares of the industrial products company’s stock after purchasing an additional 279 shares during the quarter. Inspire Investing LLC’s holdings in Timken were worth $350,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Timken by 5.6% during the first quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock worth $569,691,000 after purchasing an additional 347,794 shares during the period. American Century Companies Inc. boosted its position in Timken by 4.8% during the second quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock worth $225,750,000 after purchasing an additional 128,791 shares during the period. Dimensional Fund Advisors LP boosted its position in Timken by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company’s stock worth $168,667,000 after purchasing an additional 97,550 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Timken by 15.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,313,122 shares of the industrial products company’s stock valued at $105,247,000 after acquiring an additional 178,870 shares during the period. Finally, Fiduciary Management Inc. WI grew its stake in shares of Timken by 94.7% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,133,076 shares of the industrial products company’s stock worth $90,816,000 after acquiring an additional 551,097 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Insider Buying and Selling at Timken

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $80.46, for a total value of $2,413,800.00. Following the sale, the chief executive officer now owns 244,485 shares in the company, valued at approximately $19,671,263.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TKR. DA Davidson restated a “buy” rating and issued a $103.00 price objective on shares of Timken in a research note on Tuesday, September 17th. Evercore ISI cut their price target on Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Finally, Raymond James began coverage on Timken in a research report on Friday, June 28th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $89.18.

Timken Trading Up 0.8 %

NYSE TKR opened at $83.24 on Tuesday. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.73 and a beta of 1.44. The stock’s 50 day moving average price is $82.46 and its two-hundred day moving average price is $84.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.95. The Timken Company has a 52 week low of $65.71 and a 52 week high of $94.71.

Timken (NYSE:TKR) last released its earnings results on Wednesday, July 31st. The industrial products company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.60 by $0.03. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Timken had a return on equity of 16.36% and a net margin of 7.52%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.01 EPS. As a group, analysts anticipate that The Timken Company will post 6.11 earnings per share for the current fiscal year.

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.63%. The ex-dividend date was Tuesday, August 20th. Timken’s payout ratio is 25.90%.

Timken 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.