The Timken Company (NYSE:TKR) Given Average Recommendation of “Hold” by Analysts

Shares of The Timken Company (NYSE:TKR) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $85.90.

Several research firms have recently commented on TKR. DA Davidson began coverage on shares of Timken in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $92.00 target price for the company. Oppenheimer reissued an “outperform” rating and set a $100.00 target price (up from $97.00) on shares of Timken in a research note on Thursday, March 21st. Evercore ISI downgraded Timken from an “outperform” rating to an “in-line” rating and set a $84.00 price target on the stock. in a research note on Tuesday, February 20th. Stifel Nicolaus reduced their target price on Timken from $93.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, December 19th. Finally, Jefferies Financial Group cut shares of Timken from a “buy” rating to a “hold” rating and lowered their price target for the stock from $105.00 to $85.00 in a research note on Wednesday, December 20th.

Institutional Trading of Timken

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TKR. Livelsberger Financial Advisory acquired a new stake in Timken during the fourth quarter worth about $30,000. Sunbelt Securities Inc. purchased a new position in Timken in the second quarter valued at approximately $36,000. GAMMA Investing LLC acquired a new position in Timken during the fourth quarter valued at approximately $35,000. IFP Advisors Inc increased its position in shares of Timken by 96.3% in the second quarter. IFP Advisors Inc now owns 430 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 211 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Timken during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Performance

Shares of Timken stock opened at $87.43 on Monday. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.22 and a beta of 1.54. The firm’s fifty day simple moving average is $83.63 and its 200-day simple moving average is $77.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 0.96. Timken has a 12 month low of $65.71 and a 12 month high of $95.08.

Timken (NYSE:TKR) last announced its earnings results on Monday, February 5th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.15. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Timken had a net margin of 8.26% and a return on equity of 19.57%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.22 earnings per share. As a group, equities analysts forecast that Timken will post 6.01 earnings per share for the current year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Tuesday, February 20th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, February 16th. Timken’s payout ratio is 24.18%.

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.