Beddow Capital Management Inc Lowers stake in Timken Co (TKR)

Timken Co (TKR) : Beddow Capital Management Inc reduced its stake in Timken Co by 1.53% during the most recent quarter end. The investment management company now holds a total of 136,400 shares of Timken Co which is valued at $4,572,128 after selling 2,125 shares in Timken Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Timken Co makes up approximately 1.73% of Beddow Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Cipher Capital Lp sold out all of its stake in TKR during the most recent quarter. The investment firm sold 14,112 shares of TKR which is valued $473,034.Advantus Capital Management Inc reduced its stake in TKR by selling 1,018 shares or 10.87% in the most recent quarter. The Hedge Fund company now holds 8,347 shares of TKR which is valued at $279,791. Timken Co makes up approx 0.01% of Advantus Capital Management Inc’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in TKR in the latest quarter, The investment management firm added 18,405 additional shares and now holds a total of 57,973 shares of Timken Co which is valued at $1,964,125. Timken Co makes up approx 0.02% of Los Angeles Capital Management Equity Research Inc’s portfolio.Ls Investment Advisors boosted its stake in TKR in the latest quarter, The investment management firm added 1,810 additional shares and now holds a total of 4,222 shares of Timken Co which is valued at $131,135. Timken Co makes up approx 0.01% of Ls Investment Advisors’s portfolio. Capstone Asset Management Co sold out all of its stake in TKR during the most recent quarter. The investment firm sold 5,995 shares of TKR which is valued $189,022.

Timken Co opened for trading at $33.82 and hit $34.38 on the upside on Tuesday, eventually ending the session at $34.3, with a gain of 1.96% or 0.66 points. The heightened volatility saw the trading volume jump to 4,91,169 shares. Company has a market cap of $2,685 M.

On the company’s financial health, Timken Co reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.50. The company had revenue of $674.00 million for the quarter, compared to analysts expectations of $691.51 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.

Many Wall Street Analysts have commented on Timken Co. Timken Co was Upgraded by Avondale to ” Mkt Outperform” on Jul 11, 2016. Topeka Capital Markets Initiated Timken Co on May 26, 2016 to “Hold”, Price Target of the shares are set at $35.

The Timken Company (Timken) engineers manufactures and markets bearings transmissions gearboxes chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries which offers bearings seals lubrication devices and systems as well as power transmission components engineered chain augers and related products and maintenance services and Process Industries which provides industrial bearings and assemblies power transmission components such as gears and gearboxes couplings seals lubricants chains and related products and services. The Company’s industrial brands include Timken Fafnir Philadelphia Gear Drives and Interlube. The Company sells products and services to the following market sectors: industrial equipment construction agriculture rail aerospace and defense automotive heavy truck and energy.

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