Equities analysts expect Timken Co (NYSE:TKR) to report $0.43 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Timken’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.45. Timken reported earnings of $0.46 per share during the same quarter last year, which would indicate a negative year over year growth rate of 6.5%. The business is expected to issue its next earnings report before the market opens on Wednesday, April 26th.

On average, analysts expect that Timken will report full year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.15. For the next year, analysts expect that the firm will post earnings of $2.45 per share, with EPS estimates ranging from $2.20 to $2.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Timken.

Several equities analysts have recently commented on TKR shares. Jefferies Group LLC restated a “neutral” rating on shares of Timken in a research report on Friday, February 10th. Zacks Investment Research upgraded Timken from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Friday, January 20th. Goldman Sachs Group Inc upgraded Timken from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Friday, January 27th. Finally, TheStreet upgraded Timken from a “c” rating to a “b-” rating in a research report on Thursday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $42.25.



In related news, CFO Philip D. Fracassa sold 4,222 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $44.48, for a total value of $187,794.56. Following the sale, the chief financial officer now directly owns 40,538 shares in the company, valued at $1,803,130.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shelly Marie Chadwick sold 2,322 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $44.75, for a total value of $103,909.50. Following the completion of the sale, the insider now owns 3,438 shares in the company, valued at $153,850.50. The disclosure for this sale can be found here. Insiders sold 84,159 shares of company stock worth $3,804,623 over the last quarter. 10.30% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of Timken by 8.8% in the third quarter. LS Investment Advisors LLC now owns 4,593 shares of the industrial products company’s stock valued at $161,000 after buying an additional 371 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Timken by 5.7% in the third quarter. Rhumbline Advisers now owns 126,997 shares of the industrial products company’s stock valued at $4,463,000 after buying an additional 6,866 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Timken by 63.8% in the third quarter. Teachers Advisors LLC now owns 233,658 shares of the industrial products company’s stock valued at $8,211,000 after buying an additional 91,026 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Timken by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,563,658 shares of the industrial products company’s stock valued at $90,087,000 after buying an additional 153,029 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in shares of Timken by 1.6% in the third quarter. BlackRock Investment Management LLC now owns 208,821 shares of the industrial products company’s stock valued at $7,338,000 after buying an additional 3,275 shares during the last quarter. 75.87% of the stock is currently owned by institutional investors.

Shares of Timken (NYSE:TKR) traded up 1.01% on Tuesday, hitting $44.90. The stock had a trading volume of 651,346 shares. The stock has a market cap of $3.48 billion, a PE ratio of 23.39 and a beta of 1.39. Timken has a 12 month low of $28.72 and a 12 month high of $46.45. The stock has a 50 day moving average of $44.17 and a 200-day moving average of $40.88.

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Timken Company Profile

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

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