Analysts Set The Timken Company (NYSE:TKR) PT at $81.91

Shares of The Timken Company (NYSE:TKR) have been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $79.20.

Several equities research analysts recently issued reports on the company. Loop Capital dropped their price objective on Timken from $85.00 to $65.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group reduced their price objective on Timken from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. DA Davidson restated a “neutral” rating and issued a $66.00 target price (down previously from $97.00) on shares of Timken in a research report on Monday, April 21st. Morgan Stanley decreased their price target on shares of Timken from $94.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $70.00 target price (down previously from $90.00) on shares of Timken in a research report on Wednesday, April 2nd.

Insiders Place Their Bets

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $7,379,091.50. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.37% of the company’s stock.

Institutional Trading of Timken

Several institutional investors have recently made changes to their positions in TKR. Fairway Wealth LLC bought a new position in shares of Timken during the fourth quarter worth $29,000. Amundi raised its holdings in shares of 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 in the last quarter. Parvin Asset Management LLC purchased a new position in shares of Timken in the fourth quarter valued at $66,000. UMB Bank n.a. raised its stake in Timken by 400.0% during the first quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Timken by 282.3% during the 1st quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company’s stock valued at $82,000 after buying an additional 847 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Performance

NYSE TKR opened at $64.29 on Tuesday. 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 company has a market capitalization of $4.50 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. Timken has a 52-week low of $56.20 and a 52-week high of $93.66. The company has a 50-day simple moving average of $69.16 and a 200 day simple moving average of $74.85.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.03). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Timken had a net margin of 7.71% and a return on equity of 13.93%. The company’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 earnings per share. On average, research analysts predict that Timken will post 5.62 EPS for the current year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Tuesday, February 25th. Timken’s payout ratio is 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.