Timken (NYSE:TKR) Price Target Raised to $94.00

Timken (NYSE:TKR) had its price target increased by investment analysts at Morgan Stanley from $93.00 to $94.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Morgan Stanley’s price objective suggests a potential upside of 14.29% from the stock’s current price.

A number of other equities research analysts have also recently commented on TKR. Oppenheimer decreased their price objective on Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. 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. Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $87.00 to $91.00 in a report on Wednesday, November 13th. Jefferies Financial Group raised Timken from a “hold” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $95.00 in a research note on Friday, December 6th. Finally, DA Davidson decreased their target price on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.60.

Timken Stock Up 0.9 %

TKR stock traded up $0.72 during midday trading on Tuesday, reaching $82.25. The company had a trading volume of 157,563 shares, compared to its average volume of 695,838. The company has a market capitalization of $5.77 billion, a P/E ratio of 16.47, a PEG ratio of 1.21 and a beta of 1.39. The company has a 50 day moving average of $75.55 and a two-hundred day moving average of $79.35. Timken has a 1 year low of $69.35 and a 1 year high of $94.71. The company has a current ratio of 3.07, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) 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 expect that Timken will post 5.6 earnings per share for the current fiscal year.

Institutional Trading of Timken

Several large investors have recently modified their holdings of the stock. Semanteon Capital Management LP bought a new stake in shares of Timken in the 4th quarter valued at $1,441,000. Royal London Asset Management Ltd. lifted its stake in shares of Timken by 34.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 485,318 shares of the industrial products company’s stock valued at $34,637,000 after purchasing an additional 125,522 shares during the period. Xponance Inc. boosted its position in shares of Timken by 5.9% during the 4th quarter. Xponance Inc. now owns 7,309 shares of the industrial products company’s stock valued at $522,000 after purchasing an additional 405 shares in the last quarter. First National Advisers LLC boosted its holdings in shares of Timken by 4.5% during the 4th quarter. First National Advisers LLC now owns 43,446 shares of the industrial products company’s stock worth $3,101,000 after buying an additional 1,885 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Timken by 108.9% in the 4th quarter. Royce & Associates LP now owns 397,895 shares of the industrial products company’s stock valued at $28,398,000 after acquiring an additional 207,439 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

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.