The Timken Company (NYSE:TKR) Receives $91.60 Average Target Price from Brokerages

The Timken Company (NYSE:TKR) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $92.70.

A number of equities research analysts recently commented on the company. Bank of America upgraded Timken from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th. Evercore ISI upped their price objective on Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer cut their target price on shares of Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Morgan Stanley upped their price target on shares of Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, DA Davidson lowered their price objective on shares of Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In other news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $81.50, for a total value of $407,500.00. Following the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at approximately $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Timken

Several hedge funds have recently bought and sold shares of the business. Coastline Trust Co purchased a new stake in shares of Timken during the third quarter valued at $29,000. Livelsberger Financial Advisory bought a new stake in Timken during the 3rd quarter valued at about $32,000. Fairway Wealth LLC purchased a new stake in Timken in the 4th quarter valued at about $29,000. UMB Bank n.a. grew its stake in Timken by 64.1% in the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 168 shares in the last quarter. Finally, Amundi increased its position in shares of Timken by 25.8% during the fourth quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 174 shares during the period. Institutional investors own 89.08% of the company’s stock.

Timken Trading Down 0.2 %

Shares of TKR opened at $83.25 on Thursday. The firm has a market cap of $5.84 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.49 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. Timken has a 1 year low of $69.35 and a 1 year high of $94.71. The company has a 50 day simple moving average of $76.34 and a two-hundred day simple moving average of $79.30.

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

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 25th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Tuesday, February 25th. Timken’s dividend payout ratio (DPR) is currently 27.25%.

Timken Company Profile

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.