As Skechers U S A (SKX) Stock Declined, Goelzer Investment Management Decreased Its Position; Timken Company (TKR) Holder Beddow Capital Management Has Decreased Stake by $389,375 as Share Value Rose

January 23, 2018 - By Stephen Andrade

Ed Beddow decreased its stake in Timken Company (TKR) by 8.31% based on its latest 2017Q3 regulatory filing with the SEC. Beddow Capital Management Inc sold 11,125 shares as the company’s stock rose 3.26% with the market. The hedge fund run by Ed Beddow held 122,775 shares of the metal fabrications company at the end of 2017Q3, valued at $4.31M, down from 133,900 at the end of the previous reported quarter. Beddow Capital Management Inc who had been investing in Timken Company for a number of months, seems to be less bullish one the $4.22B market cap company. The stock decreased 2.07% or $1.15 during the last trading session, reaching $54.35. About 201,271 shares traded. The Timken Company (NYSE:TKR) has risen 41.86% since January 23, 2017 and is uptrending. It has outperformed by 25.16% the S&P500.

Goelzer Investment Management Inc decreased its stake in Skechers U S A Inc (SKX) by 29.85% based on its latest 2017Q3 regulatory filing with the SEC. Goelzer Investment Management Inc sold 14,218 shares as the company’s stock declined 10.77% while stock markets rallied. The institutional investor held 33,418 shares of the consumer non-durables company at the end of 2017Q3, valued at $838,000, down from 47,636 at the end of the previous reported quarter. Goelzer Investment Management Inc who had been investing in Skechers U S A Inc for a number of months, seems to be less bullish one the $6.43B market cap company. The stock increased 0.02% or $0.01 during the last trading session, reaching $40.55. About 504,673 shares traded. Skechers U.S.A., Inc. (NYSE:SKX) has declined 20.35% since January 23, 2017 and is downtrending. It has underperformed by 37.05% the S&P500.

Among 9 analysts covering The Timken Company (NYSE:TKR), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. The Timken Company had 24 analyst reports since August 3, 2015 according to SRatingsIntel. As per Monday, July 11, the company rating was upgraded by Avondale. On Monday, November 7 the stock rating was upgraded by Evercore to “Buy”. Stifel Nicolaus downgraded it to “Hold” rating and $42 target in Thursday, December 8 report. Jefferies maintained the stock with “Hold” rating in Monday, September 18 report. KeyBanc Capital Markets maintained The Timken Company (NYSE:TKR) on Thursday, November 16 with “Hold” rating. The stock has “Hold” rating by Jefferies on Wednesday, April 19. The rating was maintained by Avondale on Monday, March 21 with “Market Perform”. The company was upgraded on Tuesday, January 2 by Longbow. The rating was maintained by Jefferies on Thursday, July 13 with “Hold”. The stock of The Timken Company (NYSE:TKR) earned “Hold” rating by Jefferies on Tuesday, May 30.

Analysts await The Timken Company (NYSE:TKR) to report earnings on February, 8. They expect $0.67 earnings per share, up 42.55% or $0.20 from last year’s $0.47 per share. TKR’s profit will be $52.00 million for 20.28 P/E if the $0.67 EPS becomes a reality. After $0.71 actual earnings per share reported by The Timken Company for the previous quarter, Wall Street now forecasts -5.63% negative EPS growth.

Investors sentiment decreased to 0.65 in 2017 Q3. Its down 0.75, from 1.4 in 2017Q2. It dropped, as 30 investors sold TKR shares while 120 reduced holdings. 30 funds opened positions while 67 raised stakes. 60.00 million shares or 1.92% less from 61.18 million shares in 2017Q2 were reported. Hilltop has 0.26% invested in The Timken Company (NYSE:TKR) for 17,997 shares. Alps Advsrs owns 26,505 shares or 0.01% of their US portfolio. New York State Teachers Retirement Systems holds 0.01% of its portfolio in The Timken Company (NYSE:TKR) for 123,579 shares. Winslow Asset Management invested in 0.06% or 5,980 shares. Trexquant Investment Lp invested in 0.06% or 4,990 shares. Howe Rusling Inc has 0.08% invested in The Timken Company (NYSE:TKR) for 8,865 shares. Morgan Stanley holds 0% or 320,684 shares. Chilton Investment Llc has invested 1.48% in The Timken Company (NYSE:TKR). Whittier Of Nevada has 0% invested in The Timken Company (NYSE:TKR). Boston Prtn holds 0.14% or 2.32M shares. Chicago Equity Prns Ltd Liability Corp has invested 0.2% in The Timken Company (NYSE:TKR). 2.28 million were reported by Wellington Gp Ltd Liability Partnership. The Connecticut-based Aqr Cap Mngmt Ltd has invested 0.09% in The Timken Company (NYSE:TKR). Ww Asset Mgmt invested in 5,068 shares. M Secs accumulated 9,989 shares.

Since August 24, 2017, it had 0 insider purchases, and 3 insider sales for $1.01 million activity. Another trade for 4,000 shares valued at $134,620 was sold by Erlich Morton D. $27,349 worth of Skechers U.S.A., Inc. (NYSE:SKX) shares were sold by PACCIONE PHILLIP.

Among 18 analysts covering Skechers Usa Inc. (NYSE:SKX), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Skechers Usa Inc. had 61 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, August 23 by Citigroup. The stock has “Neutral” rating by Buckingham Research on Friday, October 23. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, October 20 report. The rating was upgraded by Monness Crespi & Hardt on Friday, December 23 to “Buy”. The rating was maintained by Monness Crespi & Hardt with “Buy” on Thursday, July 30. The stock of Skechers U.S.A., Inc. (NYSE:SKX) earned “Positive” rating by Susquehanna on Monday, June 5. The company was maintained on Tuesday, January 9 by Susquehanna. B. Riley & Co maintained it with “Buy” rating and $37.0 target in Friday, October 20 report. The stock of Skechers U.S.A., Inc. (NYSE:SKX) has “Buy” rating given on Friday, October 20 by Buckingham Research. The firm has “Neutral” rating given on Thursday, November 3 by B. Riley & Co.

Goelzer Investment Management Inc, which manages about $1.05B and $848.39M US Long portfolio, upped its stake in Aon Plc (NYSE:AON) by 2,875 shares to 21,471 shares, valued at $3.14M in 2017Q3, according to the filing. It also increased its holding in American Intl Group Inc (NYSE:AIG) by 28,018 shares in the quarter, for a total of 65,638 shares, and has risen its stake in Target Corp (NYSE:TGT).

Investors sentiment decreased to 1.27 in 2017 Q3. Its down 0.14, from 1.41 in 2017Q2. It dived, as 33 investors sold SKX shares while 63 reduced holdings. 38 funds opened positions while 84 raised stakes. 101.97 million shares or 0.21% less from 102.18 million shares in 2017Q2 were reported. Engineers Gate Manager Ltd Partnership accumulated 198,802 shares or 0.42% of the stock. Moreover, Olstein Capital Management LP has 0.96% invested in Skechers U.S.A., Inc. (NYSE:SKX) for 296,400 shares. 706,200 are owned by Ameriprise Fin Inc. 58,797 were reported by Royal Natl Bank Of Canada. Cantab Cap Llp invested 0.16% in Skechers U.S.A., Inc. (NYSE:SKX). Citadel Advisors Ltd Liability Company accumulated 0.02% or 902,418 shares. Advantus Management has 16,890 shares. Bancorporation Of Mellon Corp holds 0.01% or 1.55 million shares in its portfolio. Proshare Advsrs Limited Liability Company reported 8,982 shares. 19,298 are owned by Boothbay Fund Mngmt Llc. Inv Centers Of America has 11,212 shares for 0.02% of their portfolio. Hsbc Holdg Public Ltd Limited Liability Company accumulated 0% or 79,910 shares. 78,483 were reported by Great West Life Assurance Company Can. Paloma Prtn Mngmt reported 10,402 shares stake. Trexquant Investment Lp holds 0.47% in Skechers U.S.A., Inc. (NYSE:SKX) or 73,585 shares.

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