The Timken Company (NYSE:TKR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The Timken Company (NYSE:TKR) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $92.70.

Several analysts have issued reports on TKR shares. Bank of America raised Timken from an “underperform” rating to a “neutral” rating and increased their target price for the company from $73.00 to $78.00 in a research report on Tuesday, February 4th. Oppenheimer cut their target price on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group raised shares of Timken from a “hold” rating to a “buy” rating and increased their price target for the company from $80.00 to $95.00 in a research report on Friday, December 6th. Citigroup cut their price objective on shares of Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Evercore ISI boosted their price objective on shares of Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday.

Insider Activity at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $81.50, for a total transaction of $407,500.00. Following the sale, the chief financial officer now owns 90,541 shares in the company, valued at approximately $7,379,091.50. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Timken

A number of institutional investors and hedge funds have recently modified their holdings of TKR. Coastline Trust Co acquired a new position in Timken in the 3rd quarter worth approximately $29,000. Fairway Wealth LLC purchased a new stake in shares of Timken in the 4th quarter valued at $29,000. Livelsberger Financial Advisory acquired a new stake in shares of Timken in the third quarter worth $32,000. UMB Bank n.a. raised its holdings in shares of 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. Finally, Amundi lifted 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. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Performance

TKR stock opened at $83.25 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. Timken has a 1-year low of $69.35 and a 1-year high of $94.71. The business has a 50-day moving average price of $76.34 and a 200 day moving average price of $79.30. The company has a market capitalization of $5.84 billion, a P/E ratio of 16.68, a PEG ratio of 1.49 and a beta of 1.39.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. As a group, equities research analysts forecast that Timken will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, February 25th. Timken’s dividend payout ratio (DPR) is presently 27.25%.

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.