Guggenheim Capital LLC reduced its stake in Timken Co (NYSE:TKR) by 63.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,126 shares of the industrial products company’s stock after selling 88,882 shares during the quarter. Guggenheim Capital LLC owned about 0.07% of Timken worth $2,332,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Deutsche Bank AG lifted its position in shares of Timken by 29.2% in the fourth quarter. Deutsche Bank AG now owns 341,809 shares of the industrial products company’s stock valued at $16,796,000 after acquiring an additional 77,334 shares in the last quarter. Elkfork Partners LLC purchased a new stake in shares of Timken in the fourth quarter valued at $354,000. Schwab Charles Investment Management Inc. lifted its position in shares of Timken by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 395,319 shares of the industrial products company’s stock valued at $18,027,000 after acquiring an additional 22,919 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of Timken in the fourth quarter valued at $732,000. Finally, OppenheimerFunds Inc. lifted its position in shares of Timken by 9.6% in the fourth quarter. OppenheimerFunds Inc. now owns 17,354 shares of the industrial products company’s stock valued at $853,000 after acquiring an additional 1,522 shares in the last quarter. Institutional investors and hedge funds own 77.41% of the company’s stock.