1 week Ago By ABMN Staff
Pictet Asset Management Holding SA raised its position in shares of The Timken Company ( NYSE:TKR – Free Report ) by 15.1% in the fourth quarter, Holdings Channel reports. The fund owned 10,292 shares of the industrial products company’s stock after buying an additional 1,354 shares during the quarter.
Pictet Asset Management Holding SA’s holdings in Timken were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors also recently made changes to their positions in TKR. M&T Bank Corp boosted its stake in Timken by 0.
6% during the 3rd quarter. M&T Bank Corp now owns 24,482 shares of the industrial products company’s stock valued at $2,064,000 after purchasing an additional 144 shares during the period. First Horizon Advisors Inc.
boosted its position in shares of Timken by 8.7% in the fourth quarter. First Horizon Advisors Inc.
now owns 1,981 shares of the industrial products company’s stock valued at $141,000 after acquiring an additional 158 shares during the period. Amundi grew its stake in shares of Timken by 25.8% in the fourth quarter.
Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 174 shares during the last quarter. Sheets Smith Wealth Management increased its position in Timken by 3.4% during the fourth quarter.
Sheets Smith Wealth Management now owns 5,856 shares of the industrial products company’s stock worth $418,000 after acquiring an additional 190 shares during the period. Finally, Principal Securities Inc. raised its stake in Timken by 7.
8% during the 4th quarter. Principal Securities Inc. now owns 2,857 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 207 shares during the last quarter.
89.08% of the stock is owned by institutional investors and hedge funds. Insider Transactions at Timken In related news, CFO Philip D.
Fracassa sold 5,000 shares of the company’s stock in a transaction dated 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 represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
8.70% of the stock is owned by company insiders. Wall Street Analyst Weigh In Read Our Latest Analysis on Timken Timken Stock Performance Shares of NYSE:TKR opened at $58.
96 on Tuesday. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 11.
82, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28.
The business’s fifty day moving average price is $76.72 and its two-hundred day moving average price is $77.64.
The Timken Company has a fifty-two week low of $57.17 and a fifty-two week high of $94.71.
The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.
61. Timken ( NYSE:TKR – Get Free Report ) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.
16 earnings per share 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%.
As a group, analysts predict that The Timken Company will post 5.62 EPS for the current fiscal year. Timken Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th.
Stockholders of record on Tuesday, February 25th were issued a $0.34 dividend. This represents a $1.
36 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Tuesday, February 25th.
Timken’s payout ratio is currently 27.25%. About Timken ( 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. Further Reading Want to see what other hedge funds are holding TKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Timken Company ( NYSE:TKR – Free Report ).
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