Amundi Pioneer Asset Management Inc. grew its holdings in Timken Co (NYSE:TKR) by 75.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 852,536 shares of the industrial products company’s stock after buying an additional 365,406 shares during the quarter. Amundi Pioneer Asset Management Inc. owned about 1.10% of Timken worth $38,877,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. boosted its holdings in Timken by 1,368.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,202 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 2,052 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Timken by 976.8% in the fourth quarter. Assetmark Inc. now owns 3,015 shares of the industrial products company’s stock worth $148,000 after acquiring an additional 2,735 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Timken in the fourth quarter worth about $224,000. Sciencast Management LP acquired a new position in shares of Timken in the fourth quarter worth about $275,000. Finally, Advisor Group Inc. lifted its stake in shares of Timken by 33.6% in the fourth quarter. Advisor Group Inc. now owns 5,903 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 1,484 shares in the last quarter. 77.41% of the stock is owned by hedge funds and other institutional investors.



TKR stock opened at $44.05 on Tuesday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.26 and a beta of 1.51. Timken Co has a 52-week low of $41.85 and a 52-week high of $55.65. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.34 and a quick ratio of 1.24.



Timken (NYSE:TKR) last released its quarterly earnings data on Tuesday, May 1st. The industrial products company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.17. The company had revenue of $883.00 million for the quarter, compared to analyst estimates of $836.56 million. Timken had a net margin of 7.71% and a return on equity of 16.55%. Timken’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. equities analysts anticipate that Timken Co will post 3.97 EPS for the current fiscal year.



The company also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Stockholders of record on Friday, May 18th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, May 17th. This is a positive change from Timken’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 2.54%. Timken’s payout ratio is currently 42.59%.



Several analysts recently weighed in on TKR shares. Bank of America boosted their price objective on Timken from $50.00 to $51.00 and gave the company an “underperform” rating in a report on Tuesday, May 22nd. Stifel Nicolaus raised Timken from a “hold” rating to a “buy” rating and increased their price objective for the stock from $52.00 to $60.00 in a report on Monday, May 28th. Vertical Research raised Timken from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Zacks Investment Research upgraded Timken from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Saturday, March 24th. Finally, ValuEngine downgraded Timken from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Three investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $52.60.



In related news, Director Frank C. Sullivan purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 3rd. The shares were acquired at an average price of $44.85 per share, for a total transaction of $89,700.00. Following the purchase, the director now owns 46,932 shares in the company, valued at $2,104,900.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Philip D. Fracassa sold 3,739 shares of the business’s stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $47.71, for a total transaction of $178,387.69. Following the completion of the sale, the chief financial officer now directly owns 43,534 shares of the company’s stock, valued at approximately $2,077,007.14. The disclosure for this sale can be found here. 11.15% of the stock is owned by insiders.