Prudent Man Advisors LLC Sells 1,947 Shares of The Timken Company (NYSE:TKR)

Prudent Man Advisors LLC trimmed its position in The Timken Company (NYSE:TKRGet Rating) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,667 shares of the industrial products company’s stock after selling 1,947 shares during the quarter. Prudent Man Advisors LLC’s holdings in Timken were worth $670,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. grew its holdings in Timken by 101.7% during the fourth quarter. TCI Wealth Advisors Inc. now owns 361 shares of the industrial products company’s stock worth $25,000 after buying an additional 182 shares in the last quarter. CWM LLC purchased a new position in shares of Timken in the fourth quarter valued at about $28,000. Moors & Cabot Inc. bought a new stake in Timken during the third quarter worth approximately $86,000. First Horizon Advisors Inc. increased its position in shares of Timken by 3,294.0% during the third quarter. First Horizon Advisors Inc. now owns 2,274 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 2,207 shares in the last quarter. Finally, FourThought Financial LLC grew its position in Timken by 9.7% during the 3rd quarter. FourThought Financial LLC now owns 2,894 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 257 shares during the period. 80.18% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Philip D. Fracassa sold 5,000 shares of the business’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $68.32, for a total transaction of $341,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.79% of the company’s stock.

A number of analysts have recently issued reports on the company. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Tuesday, February 15th. They noted that the move was a valuation call. The Goldman Sachs Group decreased their price target on shares of Timken from $74.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, April 7th. Morgan Stanley lowered their price target on shares of Timken from $76.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Monday, April 18th. KeyCorp cut their price target on shares of Timken from $84.00 to $75.00 in a report on Tuesday, May 3rd. Finally, Oppenheimer started coverage on shares of Timken in a research report on Wednesday, April 13th. They set an “outperform” rating and a $75.00 price objective for the company. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $77.10.

TKR traded up $0.39 during trading on Thursday, reaching $57.98. The stock had a trading volume of 445,625 shares, compared to its average volume of 576,931. The stock has a 50 day moving average of $60.16 and a two-hundred day moving average of $66.25. The company has a quick ratio of 1.31, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. The Timken Company has a 1-year low of $55.32 and a 1-year high of $90.60. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 0.93 and a beta of 1.56.

Timken (NYSE:TKRGet Rating) last posted its earnings results on Monday, May 2nd. The industrial products company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.46. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Timken had a net margin of 8.84% and a return on equity of 15.97%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.38 earnings per share. On average, research analysts forecast that The Timken Company will post 5.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 16th will be issued a $0.31 dividend. The ex-dividend date is Friday, May 13th. This is a boost from Timken’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 2.14%. Timken’s dividend payout ratio is currently 24.59%.

Timken Profile (Get Rating)

The Timken Company designs, manufactures, and manages engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end-users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

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Institutional Ownership by Quarter for Timken (NYSE:TKR)

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