The Timken Company (NYSE:TKR) Receives Consensus Recommendation of “Hold” from Brokerages

The Timken Company (NYSE:TKR) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $81.91.

A number of equities analysts have issued reports on the stock. DA Davidson reissued a “neutral” rating and set a $66.00 price target (down from $97.00) on shares of Timken in a research report on Monday, April 21st. The Goldman Sachs Group decreased their target price on shares of Timken from $85.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley cut their price target on Timken from $94.00 to $88.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Bank of America raised Timken from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $73.00 to $78.00 in a report on Tuesday, February 4th. Finally, Evercore ISI raised their target price on Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th.

Insider Activity

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $81.50, for a total transaction of $407,500.00. Following the transaction, the chief financial officer now directly owns 90,541 shares of the company’s stock, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TKR. Vanguard Group Inc. increased its stake in Timken by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company’s stock worth $461,461,000 after buying an additional 26,973 shares in the last quarter. American Century Companies Inc. increased its position in shares of Timken by 11.3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company’s stock worth $225,436,000 after purchasing an additional 320,354 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Timken by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,233,493 shares of the industrial products company’s stock valued at $159,403,000 after purchasing an additional 124,676 shares during the last quarter. Earnest Partners LLC lifted its holdings in Timken by 0.3% in the 4th quarter. Earnest Partners LLC now owns 1,295,126 shares of the industrial products company’s stock valued at $92,433,000 after purchasing an additional 3,594 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Timken by 5.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,285,013 shares of the industrial products company’s stock worth $91,711,000 after purchasing an additional 63,485 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Price Performance

Shares of TKR opened at $65.39 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. The company’s fifty day moving average price is $70.19 and its 200-day moving average price is $75.13. Timken has a 1-year low of $56.20 and a 1-year high of $94.71. The firm has a market capitalization of $4.58 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28.

Timken (NYSE:TKR) last posted its quarterly 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 return on equity of 13.93% and a net margin of 7.71%. On average, equities research analysts predict that Timken will post 5.62 EPS for the current year.

Timken Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Tuesday, February 25th. Timken’s dividend payout ratio (DPR) is presently 27.25%.

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.