Stifel Nicolaus Boosts Timken (NYSE:TKR) Price Target to $100.00

Timken (NYSE:TKR) had its price target hoisted by stock analysts at Stifel Nicolaus from $92.00 to $100.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 12.15% from the company’s current price.

Several other equities analysts have also recently issued reports on TKR. Evercore ISI cut 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. DA Davidson initiated coverage on Timken in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $92.00 price objective for the company. Oppenheimer restated an “outperform” rating and set a $100.00 target price (up from $97.00) on shares of Timken in a research report on Thursday, March 21st. Morgan Stanley started coverage on shares of Timken in a report on Monday, January 8th. They issued an “equal weight” rating and a $74.00 price target for the company. Finally, StockNews.com downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Timken presently has a consensus rating of “Hold” and an average target price of $87.09.

Timken Stock Up 1.9 %

Shares of NYSE TKR opened at $89.17 on Wednesday. The stock has a market cap of $6.28 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.22 and a beta of 1.51. Timken has a 52-week low of $65.71 and a 52-week high of $95.08. The business has a 50-day moving average price of $85.77 and a 200 day moving average price of $79.78. The company has a quick ratio of 0.96, a current ratio of 1.87 and a debt-to-equity ratio of 0.66.

Timken (NYSE:TKR) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.27. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Timken had a net margin of 7.99% and a return on equity of 17.98%. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Equities research analysts forecast that Timken will post 6.11 earnings per share for the current year.

Institutional Trading of Timken

Large investors have recently modified their holdings of the business. Fidelis Capital Partners LLC purchased a new stake in Timken in the 1st quarter valued at approximately $26,000. Livelsberger Financial Advisory acquired a new position in shares of Timken in the fourth quarter worth $30,000. GAMMA Investing LLC purchased a new stake in shares of Timken in the fourth quarter valued at $35,000. Anchor Investment Management LLC acquired a new stake in shares of Timken during the fourth quarter valued at $58,000. Finally, CWM LLC increased its position in Timken by 50.0% during the 3rd quarter. CWM LLC now owns 906 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 302 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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.