Stephens Inc. AR Raises Stock Position in The Timken Company (NYSE:TKR)

Stephens Inc. AR grew its stake in The Timken Company (NYSE:TKR) by 11.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,349 shares of the industrial products company’s stock after buying an additional 977 shares during the period. Stephens Inc. AR’s holdings in Timken were worth $788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC acquired a new position in Timken in the first quarter valued at $26,000. Versant Capital Management Inc acquired a new stake in shares of Timken in the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its position in Timken by 1,905.6% during the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock worth $32,000 after buying an additional 343 shares during the period. Livelsberger Financial Advisory purchased a new stake in Timken in the third quarter valued at approximately $32,000. Finally, UMB Bank n.a. boosted its holdings in shares of Timken by 64.1% in the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 168 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Stock Performance

Shares of TKR stock opened at $72.60 on Wednesday. The company has a current ratio of 2.95, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $82.98 and a 200-day simple moving average of $84.00. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.89 and a beta of 1.43. The Timken Company has a 12-month low of $70.15 and a 12-month high of $94.71.

Insiders Place Their Bets

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the sale, the chief executive officer now directly owns 244,485 shares in the company, valued at approximately $19,671,263.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TKR has been the subject of several research reports. DA Davidson reiterated a “buy” rating and issued a $103.00 price target on shares of Timken in a research report on Tuesday, September 17th. Citigroup began coverage on shares of Timken in a report on Monday, October 14th. They issued a “neutral” rating and a $90.00 target price for the company. Finally, Evercore ISI dropped their price target on Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $91.70.

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.