Analysts Set The Timken Company (NYSE:TKR) Target Price at $91.70

The Timken Company (NYSE:TKR) has been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $89.60.

TKR has been the topic of several analyst reports. Evercore ISI dropped their target price on Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. DA Davidson cut their price objective on shares of Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday. Oppenheimer decreased their target price on shares of Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a research report on Wednesday. Citigroup assumed coverage on Timken in a report on Monday, October 14th. They set a “neutral” rating and a $90.00 price target on the stock. Finally, KeyCorp decreased their price objective on Timken from $104.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday.

Timken Price Performance

Shares of NYSE:TKR opened at $76.99 on Tuesday. The company has a market cap of $5.40 billion, a PE ratio of 16.01, a P/E/G ratio of 1.90 and a beta of 1.43. Timken has a fifty-two week low of $70.15 and a fifty-two week high of $94.71. The firm has a 50-day simple moving average of $82.56 and a 200 day simple moving average of $83.82. The company has a quick ratio of 1.64, a current ratio of 2.95 and a debt-to-equity ratio of 0.72.

Timken (NYSE:TKR) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. Timken had a net margin of 7.52% and a return on equity of 16.36%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. On average, sell-side analysts anticipate that Timken will post 6.05 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TKR. Thrivent Financial for Lutherans boosted its holdings in Timken by 4.2% during the third quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company’s stock worth $225,880,000 after buying an additional 107,350 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Timken by 7.6% during the 3rd quarter. Natixis Advisors LLC now owns 31,637 shares of the industrial products company’s stock worth $2,667,000 after acquiring an additional 2,235 shares in the last quarter. Coastline Trust Co acquired a new position in shares of Timken in the 3rd quarter worth $29,000. Connable Office Inc. raised its position in shares of Timken by 33.9% during the third quarter. Connable Office Inc. now owns 5,868 shares of the industrial products company’s stock worth $495,000 after purchasing an additional 1,487 shares during the period. Finally, Royce & Associates LP boosted its position in shares of Timken by 73.2% in the 3rd quarter. Royce & Associates LP now owns 190,456 shares of the industrial products company’s stock valued at $16,054,000 after purchasing an additional 80,513 shares during the period. Institutional investors own 89.08% of the company’s stock.

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.