Timken Company (the (NYSE:TKR) Shares Shorted Decreased By 10.15%

The Timken Company (NYSE:TKR) Corporate Logo

During 2018 Q2 the big money sentiment increased to 1.23. That’s change of 0.29, from 2018Q1’s 0.94. 25 investors sold all, 92 reduced holdings as The Timken Company ratio is positive. 95 grew positions while 49 funds amassed positions. Funds hold 58.52 million shares thus 0.23% less from 2018Q1’s 58.66 million shares.
Burney Com stated it has 0.03% of its capital in The Timken Company (NYSE:TKR). Riverhead Capital has invested 0.01% in The Timken Company (NYSE:TKR). Legal & General Grp Pcl, United Kingdom-based fund reported 94,797 shs. Ohio-based Huntington State Bank has invested 0% in The Timken Company (NYSE:TKR). Bessemer Group Incorporated accumulated 0% or 7,500 shs. 14,219 were reported by Teacher Retirement Systems Of Texas. Strs Ohio has invested 0% in The Timken Company (NYSE:TKR). James Inv Research invested in 44,780 shs or 0.07% of the stock. Thrivent Fincl For Lutherans owns 0% invested in The Timken Company (NYSE:TKR) for 15,559 shs. 248,037 are owned by Ameriprise Financial. Visionary Asset Mgmt holds 0.1% or 7,111 shs in its capital. Goldman Sachs Gru, New York-based fund reported 442,344 shs. Comerica Commercial Bank stated it has 0.02% of its capital in The Timken Company (NYSE:TKR). Security National Bank & Trust Of Sioux City Iowa Ia invested in 0.96% or 23,566 shs. Morgan Stanley has invested 0.01% in The Timken Company (NYSE:TKR).

The Timken Company had 2 sales and 0 buys since May 30, 2018. This’s net activity of $247,444. TIMKEN WARD J JR sold $196,493 worth of The Timken Company (NYSE:TKR) or 4,002 shs on Wednesday, May 30.

Timken Company (the (NYSE:TKR) had a decrease of its short interest by 10.15%. FINRA published short interest of TKR’s total 1.09M shares. That’s 10.15% down from 1.22M shares. Former TKR’s position will need 2 days to recover. It has 497,500 average volume. 1.48% is Timken Company (the float short.

TKR hit $40.66 during the last trading session after $1.46 change.Currently The Timken Company is uptrending after 4.69% change in last November 10, 2017. TKR has also 454,537 shares volume. TKR underperformed the S&P500 by 10.93%.

The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide.The firm is valued at $3.13 billion. It operates through two divisions, Mobile Industries and Process Industries.12.63 is the 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

Total analysts of 5 have positions in Timken (NYSE:TKR) as follows: 2 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 40%. Since May 22, 2018 according to StockzIntelligence Inc Timken has 7 analyst reports. On Tuesday, May 29 the company was upgraded by Stifel Nicolaus. On Wednesday, August 1 the stock of The Timken Company (NYSE:TKR) has “Overweight” rating given by KeyBanc Capital Markets. In Tuesday, May 22 report Bank of America maintained the stock with “Underperform” rating. On Wednesday, June 27 the stock of The Timken Company (NYSE:TKR) has “Overweight” rating given by KeyBanc Capital Markets. On Wednesday, August 8 Bank of America upgraded the shares of TKR in report to “Neutral” rating.

Another two news for The Timken Company (NYSE:TKR) were recently posted by: Seekingalpha.com on October 30, 2018 with title “Timken Co. 2018 Q3 – Results – Earnings Call Slides”. The other Seekingalpha.com‘s article was titled “More on Timken’s Q3 results; raises FY18 guidance” and posted on October 30, 2018.

The Timken Company (NYSE:TKR) Institutional Investors Chart

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