The Timken Company (NYSE:TKR) Receives Average Rating of “Hold” from Brokerages

The Timken Company (NYSE:TKR) has been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $85.90.

Several analysts have commented on the stock. Evercore ISI cut shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 price target on the stock. in a research note on Tuesday, February 20th. Morgan Stanley assumed coverage on shares of Timken in a research note on Monday, January 8th. They issued an “equal weight” rating and a $74.00 price target on the stock. StockNews.com cut shares of Timken from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group upped their target price on shares of Timken from $78.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Finally, DA Davidson began coverage on shares of Timken in a research report on Tuesday, January 23rd. They set a “buy” rating and a $92.00 target price on the stock.

Timken Trading Up 0.4 %

Shares of Timken stock opened at $84.19 on Friday. The company has a market capitalization of $5.93 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.17 and a beta of 1.54. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.79. The company has a fifty day moving average of $84.87 and a 200 day moving average of $78.86. Timken has a fifty-two week low of $65.71 and a fifty-two week high of $95.08.

Timken (NYSE:TKR) last issued its earnings results on Monday, February 5th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.15. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. Timken had a net margin of 8.26% and a return on equity of 19.57%. Timken’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 EPS. On average, sell-side analysts anticipate that Timken will post 6.02 earnings per share for the current fiscal year.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Tuesday, February 20th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Friday, February 16th. Timken’s dividend payout ratio (DPR) is currently 24.18%.

Institutional Trading of Timken

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Timken by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,450,013 shares of the industrial products company’s stock worth $380,808,000 after purchasing an additional 29,889 shares during the period. BlackRock Inc. grew its stake in Timken by 2.0% in the 1st quarter. BlackRock Inc. now owns 5,773,011 shares of the industrial products company’s stock worth $350,420,000 after acquiring an additional 112,617 shares in the last quarter. State Street Corp grew its stake in Timken by 0.5% in the 1st quarter. State Street Corp now owns 1,922,811 shares of the industrial products company’s stock worth $157,132,000 after acquiring an additional 9,303 shares in the last quarter. American Century Companies Inc. grew its stake in Timken by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 1,826,547 shares of the industrial products company’s stock worth $134,233,000 after acquiring an additional 131,253 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Timken by 54.9% in the 1st quarter. Invesco Ltd. now owns 1,588,490 shares of the industrial products company’s stock worth $96,421,000 after acquiring an additional 562,930 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

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.