The Timken Company (NYSE:TKR) Position Increased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of The Timken Company (NYSE:TKR) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,557 shares of the industrial products company’s stock after buying an additional 580 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.17% of Timken worth $10,330,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TKR. Vanguard Group Inc. grew its position in shares of Timken by 5.6% during the first quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock worth $569,691,000 after acquiring an additional 347,794 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Timken by 4.8% in the second quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock valued at $225,750,000 after purchasing an additional 128,791 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Timken by 4.2% during the third quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company’s stock valued at $225,880,000 after buying an additional 107,350 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Timken by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company’s stock worth $168,667,000 after buying an additional 97,550 shares during the period. Finally, Earnest Partners LLC grew its holdings in Timken by 2.1% in the 2nd quarter. Earnest Partners LLC now owns 1,322,312 shares of the industrial products company’s stock worth $105,957,000 after buying an additional 26,671 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Stock Performance

TKR opened at $75.96 on Friday. The company has a quick ratio of 1.62, a current ratio of 3.00 and a debt-to-equity ratio of 0.71. The firm has a market cap of $5.33 billion, a PE ratio of 15.79, a P/E/G ratio of 1.12 and a beta of 1.43. The business has a fifty day simple moving average of $81.45 and a 200-day simple moving average of $82.85. The Timken Company has a fifty-two week low of $71.57 and a fifty-two week high of $94.71.

Timken (NYSE:TKR) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). Timken had a return on equity of 14.82% and a net margin of 7.41%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the business posted $1.55 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts predict that The Timken Company will post 5.61 EPS for the current fiscal year.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, November 19th. Timken’s dividend payout ratio is 28.27%.

Analyst Ratings Changes

TKR has been the topic of several recent analyst reports. DA Davidson cut their target price on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Oppenheimer cut their price objective on shares of Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Citigroup began coverage on shares of Timken in a research report on Monday, October 14th. They issued a “neutral” rating and a $90.00 target price for the company. Evercore ISI upgraded shares of Timken from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $87.00 to $91.00 in a research report on Wednesday, November 13th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Timken in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Timken presently has an average rating of “Hold” and an average price target of $90.00.

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the completion of the sale, the director now directly owns 194,485 shares in the company, valued at approximately $14,895,606.15. This trade represents a 13.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.70% of the company’s stock.

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.