Edmp Inc. Trims Holdings in The Timken Company (NYSE:TKR)

Edmp Inc. reduced its position in The Timken Company (NYSE:TKR) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,593 shares of the industrial products company’s stock after selling 226 shares during the quarter. Edmp Inc.’s holdings in Timken were worth $399,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama grew its stake in shares of Timken by 4.4% during the 4th quarter. Retirement Systems of Alabama now owns 184,387 shares of the industrial products company’s stock worth $13,160,000 after purchasing an additional 7,744 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Timken by 2.6% during the 4th quarter. Pacer Advisors Inc. now owns 9,507 shares of the industrial products company’s stock worth $679,000 after acquiring an additional 237 shares during the period. KBC Group NV lifted its holdings in shares of Timken by 83.6% during the 4th quarter. KBC Group NV now owns 3,114 shares of the industrial products company’s stock worth $222,000 after acquiring an additional 1,418 shares during the period. Blue Trust Inc. lifted its holdings in shares of Timken by 107.5% during the 4th quarter. Blue Trust Inc. now owns 2,069 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 1,072 shares during the period. Finally, Olstein Capital Management L.P. increased its position in Timken by 17.2% during the 4th quarter. Olstein Capital Management L.P. now owns 17,000 shares of the industrial products company’s stock worth $1,213,000 after purchasing an additional 2,500 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Stock Down 0.4 %

Shares of TKR stock opened at $81.51 on Tuesday. The Timken Company has a 12 month low of $69.35 and a 12 month high of $94.71. The firm has a market cap of $5.72 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39. The stock has a 50 day moving average of $75.55 and a 200-day moving average of $79.35. The company has a quick ratio of 1.62, a current ratio of 3.07 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. On average, equities analysts predict that The Timken Company will post 5.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TKR. Citigroup lowered their price objective on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. DA Davidson reduced their price objective on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. KeyCorp restated a “sector weight” rating on shares of Timken in a research note on Friday, November 22nd. Morgan Stanley upgraded Timken from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $82.00 to $93.00 in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group upgraded Timken from a “hold” rating to a “buy” rating and raised their target price for the company from $80.00 to $95.00 in a research note on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.50.

Timken Company 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.