The Timken Company (NYSE:TKR) Receives Consensus Rating of “Moderate Buy” from Analysts

The Timken Company (NYSE:TKR) has received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $92.70.

A number of research analysts recently weighed in on TKR shares. Evercore ISI raised their price target on shares of Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $73.00 to $78.00 in a research note on Tuesday, February 4th. Citigroup decreased their target price on shares of Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley raised their target price on shares of Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, KeyCorp restated a “sector weight” rating on shares of Timken in a report on Friday, November 22nd.

Timken Trading Up 2.7 %

TKR stock opened at $74.58 on Monday. The firm has a market cap of $5.22 billion, a P/E ratio of 14.95, a PEG ratio of 1.51 and a beta of 1.37. Timken has a 52-week low of $69.35 and a 52-week high of $94.71. The company’s 50-day simple moving average is $78.09 and its 200-day simple moving average is $78.70. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. As a group, equities analysts forecast that Timken will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were issued a $0.34 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 annualized dividend and a yield of 1.82%. Timken’s dividend payout ratio (DPR) is presently 27.25%.

Insider Activity at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the transaction, the chief financial officer now owns 90,541 shares in the company, valued at $7,379,091.50. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Timken

Several institutional investors have recently modified their holdings of TKR. Coastline Trust Co acquired a new position in shares of Timken in the third quarter worth $29,000. Fairway Wealth LLC purchased a new stake in shares of Timken during the 4th quarter worth $29,000. Amundi lifted its position in shares of Timken by 25.8% during the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 174 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Timken during the 4th quarter worth $66,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Timken during the 3rd quarter worth $74,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.