Timken (NYSE:TKR) Earns Hold Rating from Jefferies Financial Group

Timken (NYSE:TKR)‘s stock had its “hold” rating reissued by Jefferies Financial Group in a research report issued on Wednesday,Benzinga reports. They presently have a $70.00 price target on the industrial products company’s stock, down from their previous price target of $90.00. Jefferies Financial Group’s price target indicates a potential upside of 1.80% from the stock’s current price.

Several other brokerages also recently weighed in on TKR. Morgan Stanley increased their price target on Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Evercore ISI increased their target price on Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Citigroup lowered their target price on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $73.00 to $78.00 in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.20.

Timken Stock Down 4.3 %

NYSE TKR opened at $68.76 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. Timken has a 52 week low of $66.76 and a 52 week high of $94.71. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.51 and a beta of 1.37. The company has a fifty day moving average of $77.80 and a two-hundred day moving average of $78.16.

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

Insider Transactions at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the transaction, the chief financial officer now owns 90,541 shares of the company’s stock, valued at $7,379,091.50. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fairway Wealth LLC bought a new stake in Timken during the fourth quarter valued at about $29,000. Amundi grew its position in shares of Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after buying an additional 174 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in Timken during the fourth quarter valued at approximately $66,000. Kohmann Bosshard Financial Services LLC purchased a new position in Timken in the fourth quarter worth $109,000. Finally, AlphaQuest LLC increased its position in shares of Timken by 25,983.3% during the fourth quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 1,559 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other 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.