Can Timken Co (NYSE:TKR) truly back claims of $0.28 dividends by Jun 4, 2018?

May 16, 2018 - By Jason Grubb

The Timken Company (NYSE:TKR) LogoInvestors sentiment increased to 0.88 in Q4 2017. Its up 0.23, from 0.65 in 2017Q3. It improved, as 25 investors sold The Timken Company shares while 113 reduced holdings. 49 funds opened positions while 72 raised stakes. 59.34 million shares or 1.11% less from 60.00 million shares in 2017Q3 were reported.
Gamco Invsts Et Al has 15,000 shares. Pnc Services Group Inc holds 9,812 shares or 0% of its portfolio. Price T Rowe Associate Inc Md has 0% invested in The Timken Company (NYSE:TKR) for 27,459 shares. Texas Permanent School Fund holds 0.03% or 46,171 shares in its portfolio. State Of Alaska Department Of Revenue reported 0% in The Timken Company (NYSE:TKR). 372,400 are held by Schwab Charles Investment. Symphony Asset Mgmt Lc stated it has 4,825 shares or 0.02% of all its holdings. 71,887 are owned by Laurion Capital Management L P. Eaton Vance Management holds 43,671 shares or 0.01% of its portfolio. Mutual Of America Cap Mngmt Limited Com owns 0.04% invested in The Timken Company (NYSE:TKR) for 56,943 shares. Moreover, Affinity Inv Advisors Limited Liability has 0.26% invested in The Timken Company (NYSE:TKR). First Tru Advisors Limited Partnership holds 0.02% of its portfolio in The Timken Company (NYSE:TKR) for 179,198 shares. Ubs Asset Mngmt Americas accumulated 101,469 shares or 0% of the stock. Evercore Wealth Mngmt Limited Liability Corp accumulated 750 shares. Brown Brothers Harriman & Company holds 121 shares or 0% of its portfolio.

Since February 20, 2018, it had 1 insider purchase, and 3 selling transactions for $383,986 activity. $178,388 worth of The Timken Company (NYSE:TKR) was sold by Fracassa Philip D.. $89,700 worth of The Timken Company (NYSE:TKR) was bought by SULLIVAN FRANK C. Kyle Richard G also sold $144,146 worth of The Timken Company (NYSE:TKR) on Thursday, February 22.

Timken Co (NYSE:TKR) is expected to pay $0.28 on Jun 4, 2018. Shareholders owning the stock before May 17, 2018 will be eligible to receive the payout. Based on Timken Co’s current price of $48.85, the dividend is 0.57 %. This dividend’s record date is May 18, 2018 and the announcement date is May 8, 2018. The stock increased 0.62% or $0.3 during the last trading session, reaching $48.85. About 41,207 shares traded. The Timken Company (NYSE:TKR) has risen 3.73% since May 16, 2017 and is uptrending. It has underperformed by 7.82% the S&P500.

The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. The company has market cap of $3.79 billion. It operates through two divisions, Mobile Industries and Process Industries. It has a 18.93 P/E ratio. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and brakes, and related products and maintenance services to original equipment manufacturers and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

The Timken Company (NYSE:TKR) Ratings Coverage

Among 4 analysts covering The Timken Company (NYSE:TKR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. The Timken Company had 4 analyst reports since January 2, 2018 according to SRatingsIntel. Jefferies upgraded The Timken Company (NYSE:TKR) on Thursday, January 18 to “Buy” rating. The stock of The Timken Company (NYSE:TKR) earned “Hold” rating by Stifel Nicolaus on Thursday, February 8. On Friday, May 4 the stock rating was upgraded by Vertical Research to “Buy”. The rating was upgraded by Longbow on Tuesday, January 2 to “Buy”.

More recent The Timken Company (NYSE:TKR) news were published by: Globenewswire.com which released: “Recent Analysis Shows Paycom Software, American Renal Associates, Knowles, Timken, Nevro, and Unisys Market …” on May 15, 2018. Also Seekingalpha.com published the news titled: “Timken Co. 2018 Q1 – Results – Earnings Call Slides” on May 01, 2018. Seekingalpha.com‘s news article titled: “The Timken (TKR) Q1 2018 Results – Earnings Call Transcript” with publication date: May 01, 2018 was also an interesting one.

The Timken Company (NYSE:TKR) Institutional Positions Chart

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