November 29, 2016 - By Clifton Ray · 0 Comments
Timken Co (NYSE:TKR) institutional sentiment decreased to 1.1 in 2016 Q2. Its down -0.04, from 1.14 in 2016Q1. The ratio worsened, as 125 hedge funds increased and opened new positions, while 110 reduced and sold equity positions in Timken Co. The hedge funds in our partner’s database reported: 58.58 million shares, down from 60.25 million shares in 2016Q1. Also, the number of hedge funds holding Timken Co in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 26 Reduced: 84 Increased: 80 New Position: 45.
The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The company has a market cap of $3.00 billion. The Firm operates through two divisions: Mobile Industries, which offers bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers and related products and maintenance services, and Process Industries, which provides industrial bearings and assemblies, power transmission components such as gears and gearboxes, couplings, seals, lubricants, chains and related services and products. It has a 33.15 P/E ratio. The Company’s industrial brands include Timken, Fafnir, Philadelphia Gear, Drives and Interlube.
About 103,948 shares traded hands. Timken Co (NYSE:TKR) has risen 7.40% since April 26, 2016 and is uptrending. It has outperformed by 2.14% the S&P500.
Analysts await Timken Co (NYSE:TKR) to report earnings on February, 1. They expect $0.44 earnings per share, down 25.42% or $0.15 from last year’s $0.59 per share. TKR’s profit will be $33.89 million for 22.13 P/E if the $0.44 EPS becomes a reality. After $0.49 actual earnings per share reported by Timken Co for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.
According to Zacks Investment Research, “The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain and related products, and offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today applies its deep knowledge of metallurgy, tribology and mechanical power transmission across a variety of bearings and related systems to improve reliability and efficiency of machinery and equipment all around the world. The company’s growing product and services portfolio features many strong industrial brands including Timken, Fafnir, Philadelphia Gear, Carlisle, Drives and Interlube.”
Southernsun Asset Management Llc holds 4.53% of its portfolio in Timken Co for 5.63 million shares. Beddow Capital Management Inc owns 136,400 shares or 1.74% of their US portfolio. Moreover, Security National Bank Of So Dak has 0.94% invested in the company for 22,738 shares. The Iowa-based Security National Bank Of Sioux City Iowa Ia has invested 0.82% in the stock. Earnest Partners Llc, a Georgia-based fund reported 1.94 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 2 sales for $221,945 net activity.
Ratings analysis reveals 43% of The Timken Company’s analysts are positive. Out of 7 Wall Street analysts rating The Timken Company, 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $30 while the high is $41. The stock’s average target of $34.67 is -10.99% below today’s ($38.95) share price. TKR was included in 12 notes of analysts from August 3, 2015. The stock of Timken Co (NYSE:TKR) has “Hold” rating given on Wednesday, January 20 by Jefferies. The stock of Timken Co (NYSE:TKR) has “Buy” rating given on Monday, November 7 by Evercore. The firm has “Hold” rating by Topeka Capital Markets given on Thursday, May 26. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, April 28. Avondale maintained it with “Market Perform” rating and $34 target price in Monday, March 21 report. As per Thursday, October 29, the company rating was maintained by Stifel Nicolaus. Bank of America downgraded Timken Co (NYSE:TKR) on Thursday, November 17 to “Neutral” rating. The firm earned “Outperform” rating on Monday, July 11 by Avondale. The firm has “Neutral” rating given on Monday, March 28 by Goldman Sachs.
The Timken Company, incorporated on December 16, 1904, engineers, makes and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Firm operates through two divisions: Mobile Industries and Process Industries. The Company’s industrial brands include Timken, Fafnir, Philadelphia Gear, Drives and Interlube. The Company’s global footprint consists of approximately 60 manufacturing facilities/service centers, over 10 technology and engineering centers and over 30 distribution centers and warehouses. The Firm operates in approximately 30 countries and territories around the globe. The Firm sells services and products to the market sectors, such as industrial equipment, construction, agriculture, rail, aerospace and defense, automotive, heavy truck and energy.
More news for Timken Co (NYSE:TKR) were recently published by: Reuters.com, which released: “BRIEF-Timken Co acquires EDT Corp” on November 01, 2016. Crainscleveland.com‘s article titled: “Timken Co. buys Lovejoy Inc. for $66M, names new president for the maker of …” and published on July 08, 2016 is yet another important article.
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By Clifton Ray