Cwm LLC Sells 171 Shares of The Timken Company (NYSE:TKR)

Cwm LLC lessened its stake in The Timken Company (NYSE:TKR) by 12.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,241 shares of the industrial products company’s stock after selling 171 shares during the period. Cwm LLC’s holdings in Timken were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new position in shares of Timken in the 1st quarter worth approximately $26,000. Versant Capital Management Inc purchased a new stake in Timken during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in Timken by 1,905.6% in the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 343 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Timken in the second quarter worth $44,000. Finally, Manchester Capital Management LLC increased its position in shares of Timken by 51.3% during the first quarter. Manchester Capital Management LLC now owns 605 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 205 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

Timken Stock Performance

Shares of NYSE TKR opened at $84.61 on Friday. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.92 and a beta of 1.43. The Timken Company has a 12 month low of $65.71 and a 12 month high of $94.71. The company has a 50 day simple moving average of $82.92 and a two-hundred day simple moving average of $84.08. The company has a current ratio of 2.95, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.60 by $0.03. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Timken had a net margin of 7.52% and a return on equity of 16.36%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.01 earnings per share. As a group, analysts predict that The Timken Company will post 6.05 earnings per share for the current year.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, August 20th. Timken’s dividend payout ratio is currently 27.87%.

Insider Buying and Selling at Timken

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $80.76, for a total value of $2,422,800.00. Following the sale, the chief executive officer now owns 274,485 shares in the company, valued at approximately $22,167,408.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on TKR. DA Davidson reissued a “buy” rating and issued a $103.00 price objective on shares of Timken in a research report on Tuesday, September 17th. Raymond James started coverage on Timken in a report on Friday, June 28th. They issued a “market perform” rating for the company. Evercore ISI cut their price objective on shares of Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. Finally, Citigroup assumed coverage on shares of Timken in a research note on Monday, October 14th. They issued a “neutral” rating and a $90.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Timken presently has a consensus rating of “Hold” and a consensus target price of $91.70.

Timken 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.