Analysts Set The Timken Company (NYSE:TKR) Target Price at $90.70

Shares of The Timken Company (NYSE:TKR) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $91.89.

Several equities research analysts have recently issued reports on TKR shares. Raymond James started coverage on Timken in a report on Friday, June 28th. They set a “market perform” rating for the company. Evercore ISI reduced their price target on Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a report on Monday, August 19th. Finally, DA Davidson restated a “buy” rating and issued a $103.00 target price on shares of Timken in a report on Tuesday, September 17th.

Timken Trading Up 2.6 %

NYSE:TKR opened at $84.04 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.95 and a quick ratio of 1.64. Timken has a fifty-two week low of $65.71 and a fifty-two week high of $94.71. The stock’s 50-day moving average is $82.11 and its two-hundred day moving average is $84.17. The stock has a market cap of $5.89 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.77 and a beta of 1.43.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.03. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Timken had a return on equity of 16.36% and a net margin of 7.52%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.01 EPS. As a group, equities research analysts forecast that Timken will post 6.09 earnings per share for the current fiscal year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.62%. The ex-dividend date was Tuesday, August 20th. Timken’s dividend payout ratio is currently 27.87%.

Insiders Place Their Bets

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of Timken stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $80.76, for a total value of $2,422,800.00. Following the transaction, the chief executive officer now directly owns 274,485 shares of the company’s stock, valued at $22,167,408.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning increased its position in shares of Timken by 11.1% during the third quarter. Creative Planning now owns 10,138 shares of the industrial products company’s stock valued at $855,000 after purchasing an additional 1,015 shares during the period. Inspire Investing LLC increased its position in shares of Timken by 12.2% during the third quarter. Inspire Investing LLC now owns 4,901 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 534 shares during the period. Fiduciary Financial Group LLC increased its position in shares of Timken by 8.9% during the third quarter. Fiduciary Financial Group LLC now owns 4,098 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 335 shares during the period. UMB Bank n.a. increased its position in shares of Timken by 64.1% during the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 168 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Timken by 198.7% during the third quarter. SG Americas Securities LLC now owns 8,685 shares of the industrial products company’s stock valued at $732,000 after purchasing an additional 5,777 shares during the period. 89.08% of the stock is owned by institutional investors.

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.