The Timken Company (NYSE:TKR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of The Timken Company (NYSE:TKR) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $87.45.

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered their target price on Timken from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Evercore ISI increased their price objective on Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley raised their price target on shares of Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Jefferies Financial Group reiterated a “hold” rating and issued a $70.00 price target (down from $90.00) on shares of Timken in a research note on Wednesday, April 2nd. Finally, Citigroup decreased their price objective on Timken from $95.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday.

Insider Activity at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were 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 of the company’s stock, valued at approximately $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Timken

Several institutional investors and hedge funds have recently made changes to their positions in TKR. Fairway Wealth LLC bought a new stake in shares of Timken during the fourth quarter valued at approximately $29,000. Amundi boosted its holdings in Timken by 25.8% during the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 174 shares during the last quarter. Parvin Asset Management LLC bought a new stake in shares of Timken in the 4th quarter worth $66,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Timken in the fourth quarter valued at about $109,000. Finally, AlphaQuest LLC lifted its position in shares of Timken by 25,983.3% during the fourth quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 1,559 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Timken Price Performance

TKR opened at $57.25 on Friday. The company has a fifty day moving average price of $75.93 and a two-hundred day moving average price of $77.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07. The firm has a market capitalization of $4.01 billion, a PE ratio of 11.47, a P/E/G ratio of 1.51 and a beta of 1.28. Timken has a 52 week low of $56.52 and a 52 week high of $94.71.

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

Timken Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were given a $0.34 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 annualized dividend and a yield of 2.38%. Timken’s dividend payout ratio 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.