Mutual of America Capital Management LLC Trims Stake in The Timken Company (NYSE:TKR)

Mutual of America Capital Management LLC lowered its stake in shares of The Timken Company (NYSE:TKR) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,144 shares of the industrial products company’s stock after selling 2,375 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Timken worth $3,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TKR. Raymond James Financial Services Advisors Inc. grew its holdings in Timken by 39.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 26,335 shares of the industrial products company’s stock worth $1,599,000 after purchasing an additional 7,408 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Timken by 10.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,312 shares of the industrial products company’s stock valued at $444,000 after purchasing an additional 712 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Timken during the first quarter valued at approximately $1,059,000. MetLife Investment Management LLC increased its holdings in Timken by 33.2% during the first quarter. MetLife Investment Management LLC now owns 44,547 shares of the industrial products company’s stock valued at $2,704,000 after buying an additional 11,093 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Timken by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,300 shares of the industrial products company’s stock valued at $1,536,000 after buying an additional 2,412 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Down 1.1 %

Shares of Timken stock opened at $83.85 on Thursday. The firm’s 50 day moving average price is $84.80 and its 200-day moving average price is $78.82. The company has a market cap of $5.90 billion, a P/E ratio of 15.36, a PEG ratio of 1.17 and a beta of 1.54. The company has a quick ratio of 0.96, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The Timken Company has a 52-week low of $65.71 and a 52-week high of $95.08.

Timken (NYSE:TKR) last released its earnings results on Monday, February 5th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.15. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Timken had a net margin of 8.26% and a return on equity of 19.57%. Timken’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business earned $1.22 EPS. On average, sell-side analysts predict that The Timken Company will post 6.02 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, February 16th. Timken’s payout ratio is 24.18%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com cut shares of Timken from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. DA Davidson assumed coverage on shares of Timken in a report on Tuesday, January 23rd. They issued a “buy” rating and a $92.00 target price for the company. Jefferies Financial Group lowered shares of Timken from a “buy” rating to a “hold” rating and lowered their target price for the stock from $105.00 to $85.00 in a report on Wednesday, December 20th. Oppenheimer reiterated an “outperform” rating and set a $100.00 price objective (up previously from $97.00) on shares of Timken in a report on Thursday, March 21st. Finally, Evercore ISI downgraded shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 target price on the stock. in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Timken presently has an average rating of “Hold” and an average price target of $85.90.

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.