Aurora Investment Counsel Grows Position in The Timken Company (NYSE:TKR)

Aurora Investment Counsel grew its position in The Timken Company (NYSE:TKR) by 3.6% during the second quarter, HoldingsChannel.com reports. The fund owned 22,563 shares of the industrial products company’s stock after acquiring an additional 786 shares during the quarter. Aurora Investment Counsel’s holdings in Timken were worth $1,808,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in Timken in the first quarter worth about $26,000. Livelsberger Financial Advisory purchased a new position in shares of Timken in the 4th quarter worth approximately $30,000. Versant Capital Management Inc bought a new position in shares of Timken during the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in Timken by 1,905.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $32,000 after buying an additional 343 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Timken in the second quarter worth $44,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Stock Performance

Shares of NYSE:TKR opened at $84.29 on Tuesday. The firm’s 50 day simple moving average is $82.32 and its 200-day simple moving average is $84.41. 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 one year low of $65.71 and a one year high of $94.71. The firm has a market cap of $5.91 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.44.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.60 by $0.03. Timken had a return on equity of 16.36% and a net margin of 7.52%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $2.01 EPS. Timken’s quarterly revenue was down 7.1% on a year-over-year basis. As a group, equities analysts predict that The Timken Company will post 6.11 EPS for the current year.

Timken Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Raymond James initiated coverage on shares of Timken in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. Evercore ISI decreased their price objective 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. Finally, DA Davidson restated a “buy” rating and set a $103.00 target price on shares of Timken in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.18.

Insider Buying and Selling at Timken

In other news, CEO Richard G. Kyle sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $80.76, for a total value of $2,422,800.00. Following the completion of the sale, the chief executive officer now owns 274,485 shares of the company’s stock, valued at approximately $22,167,408.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.70% of the company’s stock.

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.