The Timken Company (NYSE:TKR) Receives $91.70 Consensus Price Target from Analysts

The Timken Company (NYSE:TKR - Get Free Report) has earned a consensus recommendation of "Hold" from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $91.70.

A number of research analysts have recently commented on the company. DA Davidson reiterated a "buy" rating and set a $103.00 target price on shares of Timken in a research report on Tuesday, September 17th. Evercore ISI decreased their price target on Timken from $94.00 to $87.00 and set an "in-line" rating for the company in a research note on Monday, August 19th. Finally, Citigroup began coverage on shares of Timken in a research report on Monday, October 14th. They issued a "neutral" rating and a $90.00 price objective for the company.

Timken Price Performance

Shares of TKR traded down $10.76 during midday trading on Tuesday, hitting $72.61. 2,016,939 shares of the company traded hands, compared to its average volume of 475,435. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.89 and a beta of 1.43. The firm has a 50 day moving average of $82.98 and a 200-day moving average of $84.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.95. Timken has a 52 week low of $70.15 and a 52 week high of $94.71.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Tuesday, August 20th. Timken's payout ratio is currently 27.87%.

Insider Buying and Selling at Timken

In related news, CEO Richard G. Kyle sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the completion of the transaction, the chief executive officer now owns 244,485 shares in the company, valued at $19,671,263.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Timken

A number of large investors have recently made changes to their positions in the stock. Fidelis Capital Partners LLC acquired a new position in shares of Timken in the first quarter valued at about $26,000. Versant Capital Management Inc purchased a new stake in shares of Timken in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC increased its stake in shares of Timken by 1,905.6% in the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company's stock worth $32,000 after acquiring an additional 343 shares during the period. Livelsberger Financial Advisory acquired a new position in Timken during the third quarter valued at $32,000. Finally, UMB Bank n.a. lifted its position in Timken by 64.1% during the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 168 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.

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.