The Timken Company (NYSE:TKR) Receives Average Recommendation of “Hold” from Analysts

Shares of The Timken Company (NYSE:TKR) have earned a consensus rating of “Hold” from the ten brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $85.90.

A number of equities research analysts have recently commented on TKR shares. StockNews.com cut Timken from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group raised their price objective on shares of Timken from $78.00 to $87.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Oppenheimer reiterated an “outperform” rating and issued a $100.00 target price (up previously from $97.00) on shares of Timken in a research note on Thursday, March 21st. Evercore ISI downgraded shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 price target for the company. in a research report on Tuesday, February 20th. Finally, Morgan Stanley began coverage on Timken in a research report on Monday, January 8th. They issued an “equal weight” rating and a $74.00 price objective on the stock.

Institutional Trading of Timken

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI lifted its position in Timken by 23,982.8% during the third quarter. National Bank of Canada FI now owns 15,413 shares of the industrial products company’s stock valued at $1,122,000 after purchasing an additional 15,349 shares in the last quarter. CWM LLC lifted its position in shares of Timken by 50.0% during the 3rd quarter. CWM LLC now owns 906 shares of the industrial products company’s stock valued at $67,000 after buying an additional 302 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of Timken during the 3rd quarter valued at approximately $290,000. SG Americas Securities LLC increased its holdings in Timken by 47.4% in the 3rd quarter. SG Americas Securities LLC now owns 15,297 shares of the industrial products company’s stock worth $1,124,000 after acquiring an additional 4,919 shares in the last quarter. Finally, Uncommon Cents Investing LLC raised its stake in Timken by 10.2% during the 3rd quarter. Uncommon Cents Investing LLC now owns 24,180 shares of the industrial products company’s stock worth $1,777,000 after acquiring an additional 2,235 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Stock Down 1.4 %

Shares of Timken stock opened at $84.85 on Friday. Timken has a 1 year low of $65.71 and a 1 year high of $95.08. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.19 and a beta of 1.54. The company has a 50-day moving average of $85.27 and a 200 day moving average of $79.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 0.96.

Timken (NYSE:TKR) last announced its earnings results on Monday, February 5th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.15. Timken had a net margin of 8.26% and a return on equity of 19.57%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned $1.22 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts anticipate that Timken will post 6.02 earnings per share for the current fiscal year.

Timken Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 20th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.32 annualized dividend and a yield of 1.56%. Timken’s payout ratio is 24.18%.

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.