Robotti Robert Buys 3,875 Shares of Timken Co (TKR)

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Robotti Robert boosted its stake in shares of Timken Co (NYSE:TKR) by 28.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,600 shares of the industrial products company’s stock after acquiring an additional 3,875 shares during the period. Robotti Robert’s holdings in Timken were worth $657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JOYN Advisors Inc. increased its holdings in Timken by 23,766.7% during the 4th quarter. JOYN Advisors Inc. now owns 716 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 713 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Timken by 22.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,555 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 285 shares during the last quarter. Private Capital Group LLC increased its holdings in shares of Timken by 41.3% in the 4th quarter. Private Capital Group LLC now owns 2,289 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 669 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Timken in the 3rd quarter valued at about $215,000. Finally, HM Payson & Co. purchased a new position in shares of Timken in the 3rd quarter valued at about $223,000. Institutional investors own 77.01% of the company’s stock.

A number of research firms have recently commented on TKR. ValuEngine downgraded Timken from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. Zacks Investment Research upgraded Timken from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Bank of America upgraded Timken from a “neutral” rating to a “buy” rating and set a $40.15 price objective on the stock in a report on Sunday, December 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $52.43.

TKR opened at $43.85 on Thursday. Timken Co has a one year low of $33.98 and a one year high of $52.45. The stock has a market capitalization of $3.32 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.80 and a beta of 1.76. The company has a current ratio of 2.53, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00.

Timken (NYSE:TKR) last released its quarterly earnings data on Thursday, February 7th. The industrial products company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.01). Timken had a net margin of 8.46% and a return on equity of 20.54%. The business had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $924.65 million. During the same quarter in the previous year, the company posted $0.68 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. On average, research analysts expect that Timken Co will post 4.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Wednesday, February 20th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, February 19th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.55%. Timken’s payout ratio is currently 26.79%.

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About Timken

The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. It operates through two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and 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.

Further Reading: What Does Beta Mean In Stock Selection

Want to see what other hedge funds are holding TKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Timken Co (NYSE:TKR).

Institutional Ownership by Quarter for Timken (NYSE:TKR)

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