Amica Mutual Insurance Co. Has $1.30 Million Stock Holdings in The Timken Company (NYSE:TKR)

Amica Mutual Insurance Co. boosted its stake in The Timken Company (NYSE:TKR) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,264 shares of the industrial products company’s stock after purchasing an additional 8,132 shares during the period. Amica Mutual Insurance Co.’s holdings in Timken were worth $1,304,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TKR. Van ECK Associates Corp acquired a new stake in shares of Timken during the fourth quarter valued at about $1,284,000. Retirement Systems of Alabama increased its position in Timken by 0.9% in the 4th quarter. Retirement Systems of Alabama now owns 176,113 shares of the industrial products company’s stock valued at $14,115,000 after acquiring an additional 1,612 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Timken by 11.1% during the fourth quarter. Russell Investments Group Ltd. now owns 107,153 shares of the industrial products company’s stock valued at $8,588,000 after acquiring an additional 10,712 shares during the last quarter. Semanteon Capital Management LP acquired a new position in shares of Timken during the fourth quarter worth $405,000. Finally, GAMMA Investing LLC bought a new stake in shares of Timken in the fourth quarter worth $35,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TKR. Morgan Stanley began coverage on Timken in a report on Monday, January 8th. They set an “equal weight” rating and a $74.00 target price on the stock. Oppenheimer restated an “outperform” rating and set a $100.00 price target (up previously from $97.00) on shares of Timken in a report on Thursday, March 21st. The Goldman Sachs Group upped their price objective on shares of Timken from $78.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Evercore ISI lowered shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 target price on the stock. in a report on Tuesday, February 20th. Finally, StockNews.com cut shares of Timken from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $85.90.

Timken Stock Up 2.0 %

Shares of NYSE TKR traded up $1.70 during midday trading on Monday, hitting $86.68. 881,835 shares of the stock traded hands, compared to its average volume of 493,135. The Timken Company has a one year low of $65.71 and a one year high of $95.08. The business has a 50 day moving average price of $85.43 and a two-hundred day moving average price of $79.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.79. The company has a market cap of $6.10 billion, a PE ratio of 15.88, a P/E/G ratio of 1.18 and a beta of 1.54.

Timken (NYSE:TKR) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.15. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. Timken had a net margin of 8.26% and a return on equity of 19.57%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.22 earnings per share. On average, equities analysts predict that The Timken Company will post 6.02 EPS for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, February 16th. Timken’s dividend payout ratio (DPR) is presently 24.18%.

About Timken

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.