Cerity Partners LLC Decreases Holdings in The Timken Company (NYSE:TKR)

Cerity Partners LLC cut its stake in The Timken Company (NYSE:TKR – Free Report) by 32.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,011 shares of the industrial products company’s stock after selling 1,456 shares during the quarter.

Cerity Partners LLC’s holdings in Timken were worth $226,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc.



raised its holdings in shares of Timken by 0.4% during the 4th quarter. Vanguard Group Inc.

now owns 6,465,760 shares of the industrial products company’s stock valued at $461,461,000 after buying an additional 26,973 shares during the period. American Century Companies Inc. raised its stake in shares of Timken by 11.

3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company’s stock valued at $225,436,000 after purchasing an additional 320,354 shares during the period.

Victory Capital Management Inc. raised its stake in shares of Timken by 418.4% during the fourth quarter.

Victory Capital Management Inc. now owns 882,156 shares of the industrial products company’s stock valued at $62,959,000 after purchasing an additional 711,979 shares during the period. Principal Financial Group Inc.

lifted its position in shares of Timken by 4.0% during the fourth quarter. Principal Financial Group Inc.

now owns 783,560 shares of the industrial products company’s stock worth $55,928,000 after purchasing an additional 30,411 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Timken by 7.6% during the 4th quarter.

Bank of New York Mellon Corp now owns 717,278 shares of the industrial products company’s stock valued at $51,192,000 after purchasing an additional 50,519 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Insider Transactions at TimkenIn related news, CFO Philip D. Fracassa sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $81.

50, for a total transaction of $407,500.00. Following the transaction, the chief financial officer now owns 90,541 shares in the company, valued at $7,379,091.

50. This trade represents a 5.23 % decrease in their ownership of the stock.

The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.70% of the company’s stock.

Timken Stock PerformanceTKR stock opened at $65.00 on Friday. The stock’s fifty day moving average is $70.

91 and its two-hundred day moving average is $75.47. The stock has a market capitalization of $4.

55 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.51 and a beta of 1.

28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.

61 and a current ratio of 3.07. The Timken Company has a 1 year low of $56.

20 and a 1 year high of $94.71. Timken (NYSE:TKR – Get Free Report) last posted its earnings results on Wednesday, February 5th.

The industrial products company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.

08. Timken had a net margin of 7.71% and a return on equity of 13.

93%. On average, research analysts predict that The Timken Company will post 5.62 EPS for the current year.

Timken Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.34 per share.

The ex-dividend date was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a yield of 2.

09%. Timken’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analyst Weigh InA number of equities analysts have commented on TKR shares. Morgan Stanley cut their price objective on shares of Timken from $94.00 to $88.

00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Evercore ISI increased their price target on Timken from $91.00 to $102.

00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. The Goldman Sachs Group dropped their price objective on Timken from $85.00 to $75.

00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Loop Capital reduced their target price on Timken from $85.00 to $65.

00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $70.00 price target (down previously from $90.

00) on shares of Timken in a research note on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Timken has a consensus rating of “Hold” and a consensus price target of $81.

91.View Our Latest Stock Analysis on TimkenTimken Company Profile (Free Report)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.

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