MML Investors Services LLC Grows Stock Holdings in The Timken Company (NYSE:TKR)

MML Investors Services LLC raised its stake in The Timken Company (NYSE:TKR) by 3.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,790 shares of the industrial products company’s stock after buying an additional 212 shares during the quarter. MML Investors Services LLC’s holdings in Timken were worth $488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Timken by 34.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock worth $143,376,000 after acquiring an additional 434,800 shares during the period. Verition Fund Management LLC grew its holdings in Timken by 3,179.1% in the third quarter. Verition Fund Management LLC now owns 193,858 shares of the industrial products company’s stock valued at $16,340,000 after purchasing an additional 187,946 shares during the last quarter. American Century Companies Inc. grew its holdings in Timken by 4.8% in the second quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock valued at $225,750,000 after purchasing an additional 128,791 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Timken by 4.2% in the third quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company’s stock valued at $225,880,000 after buying an additional 107,350 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Timken by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company’s stock worth $168,667,000 after buying an additional 97,550 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Timken

In other news, Director Richard G. Kyle sold 30,000 shares of Timken stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $76.59, for a total value of $2,297,700.00. Following the transaction, the director now directly owns 194,485 shares of the company’s stock, valued at $14,895,606.15. The trade was a 13.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 8.70% of the stock is owned by company insiders.

Timken Stock Up 1.2 %

TKR opened at $71.63 on Monday. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.12 and a beta of 1.38. The Timken Company has a 12 month low of $70.20 and a 12 month high of $94.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62. The business has a 50-day moving average of $78.66 and a two-hundred day moving average of $81.03.

Timken (NYSE:TKR) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Timken had a return on equity of 14.82% and a net margin of 7.41%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. On average, research analysts expect that The Timken Company will post 5.61 earnings per share for the current year.

Timken Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Tuesday, November 19th. Timken’s payout ratio is currently 28.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Oppenheimer dropped their target price on shares of Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. DA Davidson dropped their price objective on shares of Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. KeyCorp restated a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Morgan Stanley upgraded Timken from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $82.00 to $93.00 in a report on Tuesday, December 17th. Finally, Jefferies Financial Group raised Timken from a “hold” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $95.00 in a report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.90.

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.