Timken Co (NYSE:TKR) CAO Shelly Marie Chadwick purchased 1,183 shares of Timken stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of $52.73 per share, for a total transaction of $62,379.59.
Shares of TKR opened at $53.65 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.42 and a current ratio of 2.57. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 1.38 and a beta of 1.81. The company’s 50 day simple moving average is $45.49 and its 200 day simple moving average is $45.83. Timken Co has a 1 year low of $33.98 and a 1 year high of $54.52.
Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.04). The firm had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $945.87 million. Timken had a net margin of 8.11% and a return on equity of 21.12%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. Equities analysts expect that Timken Co will post 4.72 EPS for the current fiscal year.
Several equities analysts recently issued reports on TKR shares. Morgan Stanley set a $52.00 price objective on shares of Timken and gave the company a “hold” rating in a research note on Friday, November 1st. Goldman Sachs Group raised shares of Timken from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $56.00 in a research note on Tuesday, July 16th. Bank of America downgraded shares of Timken from a “neutral” rating to an “underperform” rating and set a $41.00 price objective on the stock. in a research note on Thursday, September 26th. ValuEngine raised shares of Timken from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 31st. Finally, Zacks Investment Research downgraded shares of Timken from a “hold” rating to a “strong sell” rating and set a $56.00 price objective on the stock. in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $51.25.
A number of large investors have recently bought and sold shares of TKR. Advisors Preferred LLC purchased a new position in Timken during the second quarter worth approximately $37,000. Flagship Harbor Advisors LLC raised its stake in 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 during the period. NumerixS Investment Technologies Inc purchased a new position in Timken during the second quarter worth approximately $56,000. Quest Capital Management Inc. ADV purchased a new position in Timken during the third quarter worth approximately $78,000. Finally, Cerebellum GP LLC purchased a new position in Timken during the third quarter worth approximately $107,000. 78.44% of the stock is currently owned by institutional investors.
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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