The Timken Company (NYSE:TKR) Receives $92.40 Consensus Price Target from Analysts

Shares of The Timken Company (NYSE:TKR) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $92.40.

A number of equities analysts have commented on TKR shares. Citigroup reduced their price objective on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $87.00 to $91.00 in a research note on Wednesday, November 13th. DA Davidson cut their price target on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group upgraded Timken from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $95.00 in a report on Friday, December 6th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Timken in a report on Friday, November 22nd.

Insider Buying and Selling at Timken

In other news, Director Richard G. Kyle sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the sale, the director now owns 194,485 shares of the company’s stock, valued at $14,895,606.15. This trade represents a 13.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Timken

Hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in Timken by 2.6% in the 4th quarter. Pacer Advisors Inc. now owns 9,507 shares of the industrial products company’s stock valued at $679,000 after buying an additional 237 shares during the last quarter. KBC Group NV raised its position in Timken by 83.6% in the 4th quarter. KBC Group NV now owns 3,114 shares of the industrial products company’s stock valued at $222,000 after buying an additional 1,418 shares during the last quarter. Blue Trust Inc. raised its position in Timken by 107.5% in the 4th quarter. Blue Trust Inc. now owns 2,069 shares of the industrial products company’s stock valued at $148,000 after buying an additional 1,072 shares during the last quarter. Olstein Capital Management L.P. raised its position in Timken by 17.2% in the 4th quarter. Olstein Capital Management L.P. now owns 17,000 shares of the industrial products company’s stock valued at $1,213,000 after buying an additional 2,500 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in Timken by 1.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 21,167 shares of the industrial products company’s stock valued at $1,511,000 after buying an additional 253 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Price Performance

Shares of TKR stock opened at $76.72 on Friday. The stock’s fifty day simple moving average is $74.77 and its 200 day simple moving average is $79.72. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.01 and a beta of 1.39. Timken has a one year low of $69.35 and a one year high of $94.71.

Timken (NYSE:TKR) last announced its quarterly 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 during the quarter, compared to analyst estimates of $1.12 billion. Timken had a net margin of 7.41% and a return on equity of 14.82%. Timken’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 EPS. On average, analysts expect that Timken will post 5.61 earnings per share for the current fiscal year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.77%. The ex-dividend date was Tuesday, November 19th. Timken’s payout ratio is 28.27%.

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.