The Timken Company (NYSE:TKR) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR increased its stake in shares of The Timken Company (NYSE:TKR) by 11.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,349 shares of the industrial products company’s stock after buying an additional 977 shares during the quarter. Stephens Inc. AR’s holdings in Timken were worth $788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC acquired a new stake in shares of Timken during the 1st quarter worth about $26,000. Versant Capital Management Inc acquired a new stake in Timken during the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its stake in Timken by 1,905.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 343 shares during the period. Livelsberger Financial Advisory acquired a new position in Timken in the 3rd quarter valued at $32,000. Finally, UMB Bank n.a. lifted its stake in shares of Timken by 64.1% during the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

TKR has been the subject of a number of recent analyst reports. Citigroup initiated coverage on Timken in a research report on Monday, October 14th. They issued a “neutral” rating and a $90.00 price objective for the company. Evercore ISI dropped their price objective on shares of Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Finally, DA Davidson reissued a “buy” rating and issued a $103.00 target price on shares of Timken in a research report on Tuesday, September 17th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Timken has a consensus rating of “Hold” and an average target price of $91.70.

Insider Activity at Timken

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the transaction, the chief executive officer now owns 244,485 shares in the company, valued at $19,671,263.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is owned by insiders.

Timken Price Performance

Timken stock opened at $72.60 on Wednesday. The firm has a fifty day moving average of $82.98 and a 200-day moving average of $84.00. The Timken Company has a 52-week low of $70.15 and a 52-week high of $94.71. The company has a quick ratio of 1.64, a current ratio of 2.95 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.09 billion, a P/E ratio of 14.88, a PEG ratio of 1.89 and a beta of 1.43.

About Timken

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.