Timken Co (NYSE:TKR) EVP Christopher A. Coughlin sold 46,813 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $53.00, for a total value of $2,481,089.00. Following the sale, the executive vice president now owns 115,539 shares in the company, valued at approximately $6,123,567. The sale was disclosed in a filing with the SEC, which is available through this link.
NYSE:TKR traded up $1.15 on Thursday, hitting $53.88. The stock had a trading volume of 3,631 shares, compared to its average volume of 615,697. The business’s fifty day moving average is $45.11 and its 200 day moving average is $45.78. The company has a market cap of $4.00 billion, a PE ratio of 12.92, a P/E/G ratio of 1.32 and a beta of 1.81. The company has a quick ratio of 1.42, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. Timken Co has a 52 week low of $33.98 and a 52 week high of $53.75.
Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.04). The firm had revenue of $914.00 million during the quarter, compared to analyst estimates of $945.87 million. Timken had a net margin of 8.11% and a return on equity of 21.12%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $1.06 EPS. Equities analysts predict that Timken Co will post 4.72 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC bought a new position in Timken during the 2nd quarter valued at $37,000. Flagship Harbor Advisors LLC grew its holdings in shares of Timken by 72.6% during the third quarter. Flagship Harbor Advisors LLC now owns 918 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 386 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Timken during the second quarter worth about $56,000. Quest Capital Management Inc. ADV purchased a new position in shares of Timken during the third quarter worth about $78,000. Finally, Cerebellum GP LLC purchased a new position in shares of Timken during the third quarter worth about $107,000. Institutional investors own 78.44% of the company’s stock.
Several equities research analysts recently commented on the company. Morgan Stanley set a $52.00 target price on Timken and gave the company a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research lowered Timken from a “hold” rating to a “strong sell” rating and set a $56.00 target price on the stock. in a research report on Tuesday. Goldman Sachs Group upgraded Timken from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $56.00 in a research report on Tuesday, July 16th. Bank of America lowered Timken from a “neutral” rating to an “underperform” rating and set a $41.00 target price on the stock. in a research report on Thursday, September 26th. Finally, ValuEngine upgraded Timken from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $51.25.
Timken Company Profile
The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) 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.
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