Dynamic Technology Lab Private Ltd increased its stake in shares of Timken Co (NYSE:TKR) by 66.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 26,072 shares of the industrial products company’s stock after buying an additional 10,434 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Timken were worth $1,189,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TKR. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Timken by 1,368.0% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,202 shares of the industrial products company’s stock worth $100,000 after buying an additional 2,052 shares during the period. Assetmark Inc. boosted its holdings in shares of Timken by 976.8% during the 4th quarter. Assetmark Inc. now owns 3,015 shares of the industrial products company’s stock worth $148,000 after buying an additional 2,735 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Timken during the 4th quarter worth about $224,000. Matarin Capital Management LLC bought a new stake in shares of Timken during the 1st quarter worth about $271,000. Finally, Sciencast Management LP bought a new stake in shares of Timken during the 4th quarter worth about $275,000. 77.21% of the stock is owned by institutional investors and hedge funds.

In other Timken news, Director Frank C. Sullivan acquired 2,000 shares of the company’s stock in a transaction on Thursday, May 3rd. The stock was acquired at an average price of $44.85 per share, for a total transaction of $89,700.00. Following the purchase, the director now directly owns 46,932 shares of the company’s stock, valued at $2,104,900.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Philip D. Fracassa sold 3,739 shares of Timken stock in a transaction dated Tuesday, May 8th. The stock was 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 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.
Shares of Timken opened at $44.60 on Monday, MarketBeat Ratings reports. Timken Co has a twelve month low of $41.85 and a twelve month high of $55.65. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51.

Timken (NYSE:TKR) last issued 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. Timken had a net margin of 7.71% and a return on equity of 16.55%. The business had revenue of $883.00 million during the quarter, compared to analysts’ expectations of $836.56 million. During the same quarter in the previous year, the company earned $0.55 EPS. The business’s revenue was up 25.4% on a year-over-year basis. equities research analysts expect that Timken Co will post 3.97 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Shareholders of record on Friday, May 18th were paid a $0.28 dividend. This is a boost from Timken’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, May 17th. This represents a $1.12 annualized dividend and a yield of 2.51%. Timken’s payout ratio is 42.59%.

Several brokerages recently commented on TKR. ValuEngine downgraded shares of Timken from a “hold” rating to a “sell” rating in a report on Monday, June 18th. Stifel Nicolaus raised shares of Timken from a “hold” rating to a “buy” rating and lifted their target price for the stock from $52.00 to $60.00 in a report on Monday, May 28th. Bank of America lifted their target price on shares of Timken from $50.00 to $51.00 and gave the stock an “underperform” rating in a report on Tuesday, May 22nd. Vertical Research raised shares of Timken from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Finally, Zacks Investment Research raised shares of Timken from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Saturday, March 24th. Three research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $52.60.