Security National Bank of SO Dak Sells 20 Shares of Timken Company (The) (TKR)

Security National Bank of SO Dak lessened its holdings in Timken Company (The) (NYSE:TKR) by 0.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,015 shares of the industrial products company’s stock after selling 20 shares during the quarter. Security National Bank of SO Dak’s holdings in Timken Company (The) were worth $1,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nomura Holdings Inc. purchased a new stake in Timken Company (The) in the second quarter worth about $349,000. Raymond James Financial Services Advisors Inc. grew its holdings in Timken Company (The) by 20.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,933 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 1,338 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Timken Company (The) by 1,632.0% in the second quarter. Cubist Systematic Strategies LLC now owns 16,229 shares of the industrial products company’s stock worth $751,000 after purchasing an additional 15,292 shares during the period. Earnest Partners LLC grew its holdings in Timken Company (The) by 15.0% in the second quarter. Earnest Partners LLC now owns 1,969,876 shares of the industrial products company’s stock worth $91,107,000 after purchasing an additional 257,073 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new stake in Timken Company (The) in the second quarter worth about $2,179,000. Institutional investors and hedge funds own 79.62% of the company’s stock.

A number of equities research analysts have weighed in on TKR shares. BidaskClub cut shares of Timken Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research cut shares of Timken Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and issued a $53.00 price objective on shares of Timken Company (The) in a report on Friday, June 30th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $45.00 price objective on shares of Timken Company (The) in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $46.67.

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Timken Company (TKR) traded up 0.250% during midday trading on Tuesday, hitting $50.125. 149,754 shares of the stock were exchanged. The company has a market cap of $3.90 billion, a PE ratio of 24.876 and a beta of 1.41. Timken Company has a 12 month low of $31.60 and a 12 month high of $51.75. The firm’s 50 day moving average price is $46.54 and its 200 day moving average price is $46.07.

Timken Company (The) (NYSE:TKR) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. The business had revenue of $750.60 million during the quarter, compared to analyst estimates of $716.50 million. During the same quarter in the previous year, the business posted $0.55 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts forecast that Timken Company will post $2.57 earnings per share for the current fiscal year.

About Timken Company (The)

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

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Institutional Ownership by Quarter for Timken Company (The) (NYSE:TKR)

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