Analysts Set The Timken Company (NYSE:TKR) Target Price at $88.82

Shares of The Timken Company (NYSE:TKR) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $88.82.

Several equities analysts have recently weighed in on the company. Citigroup lowered their price target on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. The Goldman Sachs Group dropped their target price on Timken from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley upped their price target on shares of Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. Finally, Evercore ISI upped their target price on shares of Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th.

Insider Buying and Selling at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $81.50, for a total transaction of $407,500.00. Following the completion of the transaction, the chief financial officer now owns 90,541 shares in the company, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Timken

Large investors have recently bought and sold shares of the business. Fairway Wealth LLC purchased a new stake in shares of Timken during the 4th quarter valued at about $29,000. Amundi raised its position in Timken by 25.8% during the fourth quarter. Amundi now owns 848 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 174 shares during the period. Parvin Asset Management LLC bought a new stake in shares of Timken in the 4th quarter valued at approximately $66,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Timken in the 4th quarter worth approximately $109,000. Finally, AlphaQuest LLC increased its position in shares of Timken by 25,983.3% during the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 1,559 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Timken Stock Down 5.6 %

Timken stock opened at $59.88 on Friday. Timken has a 12 month low of $58.26 and a 12 month high of $94.71. The stock has a fifty day simple moving average of $77.08 and a two-hundred day simple moving average of $77.81. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.51 and a beta of 1.28.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that Timken will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were issued a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a yield of 2.27%. Timken’s dividend payout ratio is presently 27.25%.

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.