Timken Company (NYSE:TKR).
Raymond James & Associates bought 10,476 shares during the last quarter increasing its stake in Timken Company (TKR) by 3.1%. Its stake stood at $16,937,000 an increase of $1,287,000 according to the filing.
Several firms have updated their holdings. Lsv Asset Management trimmed its stake by selling 5,900 shares a decrease of 0.4% from 06/30/2017 to 09/30/2017. Lsv Asset Management now holds 1,551,075 shares with a value of $75,304,000. The total value of its holdings increased 4.6%. As of the end of the quarter Dimensional Fund Advisors Lp had disposed of 198,435 shares trimming its stake by 10.8%. The value of the investment in Timken Company went from $85,117,000 to $79,718,000 a change of $5,399,000 quarter over quarter.
As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had sold a total of 251 shares trimming its position 2.5%. The value of the investment in TKR increased from $474,000 to $485,000 a change of 2.3% for the reporting period.
October 26 investment analysts at Jefferies Group LLC kept the company rating at “Hold” projecting a price of $50.00.
The company is down since yesterday’s close of 45.55. The P/E ratio is currently 17.94 and the market value is 3.50B. In the last earnings report the EPS was $2.51 with 77.62M shares presently outstanding.
Investors are feeling more bearish on Timken Company recently if you evaluate the rise in short interest. The company saw a rise in short interest between September 29, 2017 and October 13, 2017 of 12.62%. Short shares increased 310,930 over that timeframe. With short interest at 2,774,919 and short average daily volume at 460,629, days to cover is 6.0 and the short interest percentage is 0.04% as of October 13.