The Timken Company (NYSE:TKR) Receives Consensus Rating of “Hold” from Analysts

Shares of The Timken Company (NYSE:TKR) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $90.00.

TKR has been the subject of several analyst reports. DA Davidson lowered their price target on shares of Timken from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Oppenheimer lowered their target price on shares of Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. KeyCorp restated a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Citigroup began coverage on shares of Timken in a research note on Monday, October 14th. They issued a “neutral” rating and a $90.00 price objective on the stock. Finally, Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $87.00 to $91.00 in a report on Wednesday, November 13th.

Timken Price Performance

Timken stock opened at $77.45 on Friday. The company has a quick ratio of 1.62, a current ratio of 3.00 and a debt-to-equity ratio of 0.71. Timken has a 52-week low of $72.14 and a 52-week high of $94.71. The firm has a market cap of $5.43 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43. The company’s 50 day moving average is $81.06 and its two-hundred day moving average is $82.52.

Timken (NYSE:TKR) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). Timken had a net margin of 7.41% and a return on equity of 14.82%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $1.55 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. On average, research analysts expect that Timken will post 5.61 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th were given a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.36 annualized dividend and a dividend yield of 1.76%. Timken’s dividend payout ratio is presently 28.27%.

Insider Buying and Selling

In other Timken news, Director Richard G. Kyle sold 30,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $76.59, for a total value of $2,297,700.00. Following the transaction, the director now directly owns 194,485 shares in the company, valued at approximately $14,895,606.15. This represents a 13.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Timken

A number of institutional investors have recently modified their holdings of TKR. M&T Bank Corp lifted its position in Timken by 0.6% during the third quarter. M&T Bank Corp now owns 24,482 shares of the industrial products company’s stock worth $2,064,000 after buying an additional 144 shares during the period. Creative Planning lifted its holdings in shares of Timken by 1.7% during the 2nd quarter. Creative Planning now owns 9,123 shares of the industrial products company’s stock worth $731,000 after acquiring an additional 150 shares during the period. Beese Fulmer Investment Management Inc. boosted its position in shares of Timken by 1.0% in the third quarter. Beese Fulmer Investment Management Inc. now owns 15,208 shares of the industrial products company’s stock worth $1,282,000 after acquiring an additional 155 shares during the last quarter. Blue Trust Inc. grew its holdings in Timken by 20.0% in the third quarter. Blue Trust Inc. now owns 997 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 166 shares during the period. Finally, UMB Bank n.a. increased its position in Timken by 64.1% during the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

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.