The Timken Company (NYSE:TKR) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of The Timken Company (NYSE:TKR) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,104,910 shares of the industrial products company’s stock after purchasing an additional 97,550 shares during the period. Dimensional Fund Advisors LP owned 2.99% of Timken worth $168,667,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Timken during the 4th quarter worth $56,995,000. Fiduciary Management Inc. WI boosted its stake in Timken by 94.7% during 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 buying an additional 551,097 shares during the period. Vanguard Group Inc. boosted its stake 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 buying an additional 347,794 shares during the period. Interval Partners LP acquired a new stake in shares of Timken during the first quarter valued at about $22,907,000. Finally, Westwood Holdings Group Inc. raised its stake in shares of Timken by 6,368.3% in the 4th quarter. Westwood Holdings Group Inc. now owns 193,790 shares of the industrial products company’s stock valued at $15,532,000 after acquiring an additional 190,794 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Stock Down 1.9 %

TKR stock opened at $82.55 on Friday. The company’s 50 day moving average price is $82.50 and its 200 day moving average price is $84.52. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 1.73 and a beta of 1.44. The Timken Company has a fifty-two week low of $65.71 and a fifty-two week high of $94.71. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.95.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. Timken had a net margin of 7.52% and a return on equity of 16.36%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.01 EPS. On average, equities research analysts anticipate that The Timken Company will post 6.11 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Tuesday, August 20th. Timken’s dividend payout ratio (DPR) is 25.90%.

Insider Transactions at Timken

In other news, CEO Richard G. Kyle sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was 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 owns 244,485 shares of the company’s stock, valued at approximately $19,671,263.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.70% of the company’s stock.

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 target price on shares of Timken in a report on Tuesday. Evercore ISI dropped their price objective on 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, Raymond James assumed coverage on Timken in a research note on Friday, June 28th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Timken presently has an average rating of “Hold” and a consensus price target of $89.18.

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.