The Timken Company (NYSE:TKR) Given Consensus Rating of “Hold” by Brokerages

The Timken Company (NYSE:TKR) has been assigned an average rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have given 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 $90.00.

Several research analysts have commented on the company. Oppenheimer cut their price objective on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. KeyCorp reissued a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $87.00 to $91.00 in a research report on Wednesday, November 13th. DA Davidson dropped their price objective on shares of Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Citigroup began coverage on shares of Timken in a research note on Monday, October 14th. They issued a “neutral” rating and a $90.00 target price for the company.

Timken Stock Performance

Timken stock opened at $77.45 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62. Timken has a 12 month low of $72.14 and a 12 month high of $94.71. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43. The stock’s 50-day moving average is $81.06 and its 200-day moving average is $82.52.

Timken (NYSE:TKR) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). Timken had a return on equity of 14.82% and a net margin of 7.41%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Timken’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts anticipate that Timken will post 5.61 earnings per share for the current year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, November 19th. Timken’s dividend payout ratio is currently 28.27%.

Insider Transactions at Timken

In other news, Director Richard G. Kyle sold 30,000 shares of Timken stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $76.59, for a total value of $2,297,700.00. Following the completion of the transaction, the director now owns 194,485 shares in the company, valued at approximately $14,895,606.15. This trade represents a 13.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Timken

Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in Timken during the second quarter valued at $4,363,000. Comerica Bank grew its position in shares of Timken by 13.8% during the 1st quarter. Comerica Bank now owns 58,945 shares of the industrial products company’s stock valued at $5,154,000 after buying an additional 7,160 shares during the last quarter. American Century Companies Inc. raised its stake in Timken by 4.8% during the second quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock worth $225,750,000 after acquiring an additional 128,791 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Timken in the third quarter worth about $2,863,000. Finally, Hsbc Holdings PLC boosted its stake in Timken by 102.5% in the second quarter. Hsbc Holdings PLC now owns 12,186 shares of the industrial products company’s stock valued at $979,000 after acquiring an additional 6,167 shares during the period. 89.08% of the stock is currently 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.