The Timken Company (NYSE:TKR) Given Average Rating of “Hold” by Brokerages

Shares of The Timken Company (NYSE:TKR) have been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $91.70.

Several research firms recently issued reports on TKR. Citigroup began coverage on shares of Timken in a report on Monday. They set a “neutral” rating and a $90.00 price objective for the company. Evercore ISI decreased their price target on shares of Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a report on Monday, August 19th. DA Davidson reiterated a “buy” rating and issued a $103.00 price objective on shares of Timken in a research note on Tuesday, September 17th. Finally, Raymond James assumed coverage on Timken in a research note on Friday, June 28th. They set a “market perform” rating for the company.

Insider Buying and Selling

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total value of $2,413,800.00. Following the sale, the chief executive officer now owns 244,485 shares of the company’s stock, valued at $19,671,263.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.70% of the stock is owned by company insiders.

Institutional Trading of Timken

Several institutional investors have recently made changes to their positions in TKR. Fidelis Capital Partners LLC bought a new position in Timken during the first quarter worth about $26,000. Livelsberger Financial Advisory acquired a new position in shares of Timken in the 4th quarter worth approximately $30,000. Versant Capital Management Inc acquired a new position in shares of Timken in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in Timken by 1,905.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $32,000 after buying an additional 343 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Timken by 64.1% in the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 168 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Trading Up 0.7 %

Timken stock opened at $87.24 on Friday. Timken has a one year low of $65.71 and a one year high of $94.71. The company’s fifty day moving average price is $82.52 and its two-hundred day moving average price is $84.18. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.83 and a beta of 1.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.95 and a quick ratio of 1.64.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. Timken had a return on equity of 16.36% and a net margin of 7.52%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business earned $2.01 EPS. On average, analysts forecast that Timken will post 6.08 earnings per share for the current fiscal year.

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.56%. Timken’s payout ratio is 27.87%.

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.