Timken Co (TKR) EVP Sells $669,707.07 in Stock

Timken Co (NYSE:TKR) EVP Ronald J. Myers sold 13,191 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $50.77, for a total value of $669,707.07. Following the completion of the sale, the executive vice president now owns 18,987 shares in the company, valued at approximately $963,969.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

TKR stock traded down $0.08 during trading on Friday, reaching $44.01. 1,287,450 shares of the stock were exchanged, compared to its average volume of 728,057. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.58 and a current ratio of 2.81. The company has a market cap of $3.37 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 0.89 and a beta of 1.77. Timken Co has a twelve month low of $33.98 and a twelve month high of $52.45.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $979.70 million during the quarter, compared to analyst estimates of $983.81 million. Timken had a return on equity of 21.51% and a net margin of 8.55%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. Equities analysts predict that Timken Co will post 5.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Tuesday, May 21st. Timken’s dividend payout ratio is currently 26.79%.

TKR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Timken from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. ValuEngine downgraded Timken from a “hold” rating to a “sell” rating in a research note on Saturday, February 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $53.54.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Utah Retirement Systems grew its holdings in shares of Timken by 1.7% in the first quarter. Utah Retirement Systems now owns 12,941 shares of the industrial products company’s stock valued at $564,000 after acquiring an additional 217 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its holdings in shares of Timken by 0.9% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 25,548 shares of the industrial products company’s stock valued at $953,000 after acquiring an additional 236 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Timken by 22.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,555 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 285 shares in the last quarter. Huntington National Bank grew its holdings in shares of Timken by 5.6% in the first quarter. Huntington National Bank now owns 5,887 shares of the industrial products company’s stock valued at $257,000 after acquiring an additional 312 shares in the last quarter. Finally, Mondrian Investment Partners LTD grew its holdings in shares of Timken by 0.4% in the fourth quarter. Mondrian Investment Partners LTD now owns 100,363 shares of the industrial products company’s stock valued at $3,746,000 after acquiring an additional 359 shares in the last quarter. 78.17% of the stock is owned by hedge funds and other institutional investors.

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Timken Company Profile

The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

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