The Timken Company (NYSE:TKR) Receives Consensus Rating of “Hold” from Analysts

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

A number of equities research analysts have commented on the stock. DA Davidson assumed coverage on shares of Timken in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $92.00 price objective on the stock. Evercore ISI downgraded shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 target price on the stock. in a research report on Tuesday, February 20th. StockNews.com downgraded shares of Timken from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Morgan Stanley assumed coverage on shares of Timken in a research report on Monday, January 8th. They issued an “equal weight” rating and a $74.00 target price on the stock. Finally, Oppenheimer reissued an “outperform” rating and set a $100.00 price objective (up from $97.00) on shares of Timken in a research report on Thursday, March 21st.

Institutional Trading of Timken

Hedge funds have recently made changes to their positions in the company. Livelsberger Financial Advisory acquired a new stake in shares of Timken in the 4th quarter worth $30,000. Lazard Asset Management LLC acquired a new stake in shares of Timken in the 4th quarter worth $34,000. GAMMA Investing LLC acquired a new stake in shares of Timken in the 4th quarter worth $35,000. Money Concepts Capital Corp acquired a new stake in shares of Timken in the fourth quarter valued at about $35,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Timken in the second quarter valued at about $36,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Price Performance

Timken stock opened at $84.19 on Friday. The firm has a market cap of $5.93 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.17 and a beta of 1.54. Timken has a 52-week low of $65.71 and a 52-week high of $95.08. The company has a quick ratio of 0.96, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $84.87 and its two-hundred day moving average is $78.86.

Timken (NYSE:TKR) last released its earnings results on Monday, February 5th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.15. Timken had a net margin of 8.26% and a return on equity of 19.57%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business earned $1.22 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, research analysts expect that Timken will post 6.02 EPS for the current fiscal year.

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, February 16th. Timken’s dividend payout ratio (DPR) is presently 24.18%.

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.