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

The Timken Company (NYSE:TKR) has received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $92.70.

TKR has been the topic of a number of analyst reports. KeyCorp restated a “sector weight” rating on shares of Timken in a research note on Friday, November 22nd. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and lifted their target price for the company from $80.00 to $95.00 in a research note on Friday, December 6th. Citigroup lowered their target price on shares of Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Bank of America upgraded shares of Timken from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $73.00 to $78.00 in a research note on Tuesday, February 4th. Finally, Evercore ISI lifted their target price on shares of Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th.

Timken Trading Up 2.7 %

Shares of Timken stock opened at $74.58 on Monday. The company’s fifty day simple moving average is $78.09 and its 200-day simple moving average is $78.77. The stock has a market capitalization of $5.22 billion, a PE ratio of 14.95, a P/E/G ratio of 1.51 and a beta of 1.37. Timken has a 1-year low of $69.35 and a 1-year high of $94.71. 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 (NYSE:TKR) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, topping 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 analysts anticipate that Timken will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Timken’s payout ratio is currently 27.25%.

Insiders Place Their Bets

In other news, CFO Philip D. Fracassa sold 5,000 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at $7,379,091.50. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.70% of the company’s stock.

Institutional Trading of Timken

A number of large investors have recently made changes to their positions in TKR. Coastline Trust Co bought a new stake in shares of Timken in the 3rd quarter worth about $29,000. Fairway Wealth LLC bought a new stake in shares of Timken in the 4th quarter worth about $29,000. Amundi increased its holdings in shares of Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after buying an additional 174 shares during the last quarter. Parvin Asset Management LLC bought a new position in Timken during the 4th quarter valued at about $66,000. Finally, Brooklyn Investment Group bought a new position in Timken during the 3rd quarter valued at about $74,000. 89.08% of the stock is currently owned by institutional investors.

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.