Epoch Investment Partners Inc. boosted its stake in Timken Co (NYSE:TKR) by 20.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 647,559 shares of the industrial products company’s stock after acquiring an additional 109,535 shares during the period. Epoch Investment Partners Inc.’s holdings in Timken were worth $32,281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TKR. Bank of Montreal Can acquired a new stake in shares of Timken during the second quarter worth $123,000. Meeder Asset Management Inc. raised its holdings in shares of Timken by 3,876.6% during the third quarter. Meeder Asset Management Inc. now owns 3,738 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 3,644 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Timken during the third quarter worth $215,000. Integrated Investment Consultants LLC acquired a new stake in shares of Timken during the second quarter worth $218,000. Finally, Fulton Bank N.A. acquired a new stake in shares of Timken during the third quarter worth $221,000. 78.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:TKR opened at $38.74 on Friday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.88. Timken Co has a 1-year low of $34.90 and a 1-year high of $55.65. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.44 and a current ratio of 2.72.

Timken (NYSE:TKR) last issued its earnings results on Monday, October 29th. The industrial products company reported $1.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.01). The business had revenue of $881.30 million for the quarter, compared to analyst estimates of $912.58 million. Timken had a return on equity of 19.58% and a net margin of 7.89%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company posted $0.71 earnings per share. As a group, equities research analysts anticipate that Timken Co will post 4.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Tuesday, November 20th were issued a $0.28 dividend. The ex-dividend date was Monday, November 19th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.89%. Timken’s dividend payout ratio (DPR) is presently 42.59%.

In other news, Director Frank C. Sullivan acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were acquired at an average price of $41.05 per share, with a total value of $205,250.00. Following the acquisition, the director now directly owns 51,932 shares in the company, valued at $2,131,808.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.15% of the stock is owned by company insiders.

A number of analysts have weighed in on TKR shares. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and increased their target price for the stock from $45.00 to $50.00 in a report on Monday. Zacks Investment Research raised shares of Timken from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Saturday, October 13th. Goldman Sachs Group started coverage on shares of Timken in a report on Tuesday, October 2nd. They set a “neutral” rating and a $56.00 target price on the stock. Finally, ValuEngine cut shares of Timken from a “sell” rating to a “strong sell” rating in a report on Friday, October 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Timken presently has an average rating of “Buy” and an average price target of $54.40.

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Timken Company Profile

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.

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Institutional Ownership by Quarter for Timken (NYSE:TKR)

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