Timken Company (The) (TKR) Holdings Maintained by Royce & Associates LP

Royce & Associates LP held its position in Timken Company (The) (NYSE:TKR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,550 shares of the industrial products company’s stock at the end of the second quarter. Royce & Associates LP’s holdings in Timken Company (The) were worth $1,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Timken Company (The) by 3.2% in the first quarter. Vanguard Group Inc. now owns 6,130,314 shares of the industrial products company’s stock worth $277,090,000 after buying an additional 188,261 shares in the last quarter. BlackRock Inc. lifted its position in shares of Timken Company (The) by 5,786.0% in the first quarter. BlackRock Inc. now owns 5,674,424 shares of the industrial products company’s stock worth $256,485,000 after buying an additional 5,578,018 shares in the last quarter. Boston Partners lifted its position in shares of Timken Company (The) by 4.2% in the second quarter. Boston Partners now owns 3,022,904 shares of the industrial products company’s stock worth $139,810,000 after buying an additional 121,015 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Timken Company (The) by 38.4% in the first quarter. Wellington Management Group LLP now owns 2,211,031 shares of the industrial products company’s stock worth $99,939,000 after buying an additional 613,258 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Timken Company (The) by 3.7% in the first quarter. State Street Corp now owns 1,912,712 shares of the industrial products company’s stock worth $86,455,000 after buying an additional 68,041 shares in the last quarter. 79.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Timken Company (NYSE:TKR) opened at 46.85 on Friday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 23.25 and a beta of 1.37. Timken Company has a 12 month low of $31.60 and a 12 month high of $51.75. The firm’s 50-day moving average price is $44.54 and its 200-day moving average price is $45.58.

Timken Company (The) (NYSE:TKR) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Timken Company (The) had a return on equity of 12.73% and a net margin of 5.98%. The company had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $716.50 million. During the same period in the previous year, the firm posted $0.55 EPS. Timken Company (The)’s revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts forecast that Timken Company will post $2.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Friday, August 18th. Timken Company (The)’s dividend payout ratio (DPR) is 51.67%.

A number of equities research analysts recently commented on TKR shares. Zacks Investment Research downgraded Timken Company (The) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub downgraded Timken Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. Stifel Nicolaus reiterated a “hold” rating and issued a $53.00 target price on shares of Timken Company (The) in a research report on Friday, June 30th. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 target price on shares of Timken Company (The) in a research report on Friday, July 14th. Finally, ValuEngine upgraded Timken Company (The) from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Timken Company (The) presently has a consensus rating of “Hold” and an average price target of $46.83.

COPYRIGHT VIOLATION NOTICE: “Timken Company (The) (TKR) Holdings Maintained by Royce & Associates LP” was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/09/16/timken-company-the-tkr-holdings-maintained-by-royce-associates-lp.html.

Timken Company (The) Profile

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

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

Institutional Ownership by Quarter for Timken Company (The) (NYSE:TKR)

Receive News & Ratings for Timken Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply