First Bank & Trust Has $427,000 Stock Position in The Timken Company (NYSE:TKR)

First Bank & Trust lessened its holdings in shares of The Timken Company (NYSE:TKR) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,067 shares of the industrial products company’s stock after selling 157 shares during the period. First Bank & Trust’s holdings in Timken were worth $427,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in shares of Timken during the first quarter worth $26,000. Versant Capital Management Inc bought a new position in shares of Timken during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Timken by 1,905.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 343 shares during the period. Livelsberger Financial Advisory acquired a new stake in Timken in the third quarter worth $32,000. Finally, UMB Bank n.a. increased its stake in Timken by 64.1% in the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TKR shares. Citigroup started coverage on Timken in a report on Monday, October 14th. They issued a “neutral” rating and a $90.00 target price on the stock. DA Davidson reiterated a “buy” rating and set a $103.00 price objective on shares of Timken in a report on Tuesday, September 17th. Evercore ISI lowered their target price on shares of Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. Finally, Raymond James initiated coverage on Timken in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Timken has an average rating of “Hold” and an average price target of $91.70.

Timken Price Performance

Shares of TKR traded down $0.09 during mid-day trading on Friday, reaching $84.61. 241,990 shares of the stock traded hands, compared to its average volume of 467,659. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.43. The Timken Company has a 1 year low of $65.71 and a 1 year high of $94.71. The firm has a fifty day moving average price of $82.92 and a 200 day moving average price of $84.08. The company has a current ratio of 2.95, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. Timken had a net margin of 7.52% and a return on equity of 16.36%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, equities research analysts predict that The Timken Company will post 6.05 earnings per share for the current year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Tuesday, August 20th. Timken’s payout ratio is presently 25.90%.

Insider Activity

In other news, CEO Richard G. Kyle sold 30,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 244,485 shares of the company’s stock, valued at approximately $19,671,263.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

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.