The Timken Company (NYSE:TKR) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of The Timken Company (NYSE:TKR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $92.40.

Several equities analysts have recently commented on TKR shares. DA Davidson reduced their target price on Timken from $103.00 to $99.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Oppenheimer decreased their price objective on shares of Timken from $102.00 to $97.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. KeyCorp reissued a "sector weight" rating on shares of Timken in a research report on Friday, November 22nd. Evercore ISI raised shares of Timken from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $87.00 to $91.00 in a research report on Wednesday, November 13th. Finally, Citigroup reduced their target price on Timken from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th.

Timken Stock Down 0.0 %

NYSE TKR traded down $0.04 on Friday, reaching $76.81. The company had a trading volume of 525,987 shares, compared to its average volume of 435,981. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62. Timken has a 1 year low of $69.35 and a 1 year high of $94.71. The firm has a 50-day moving average of $74.64 and a 200-day moving average of $79.80. The firm has a market capitalization of $5.39 billion, a PE ratio of 15.97, a P/E/G ratio of 0.95 and a beta of 1.39.

Timken (NYSE:TKR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.15). Timken had a net margin of 7.41% and a return on equity of 14.82%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the company posted $1.55 earnings per share. Timken's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Timken will post 5.61 EPS for the current fiscal year.

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.36 annualized dividend and a dividend yield of 1.77%. Timken's payout ratio is 28.27%.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 30,000 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the completion of the sale, the director now directly owns 194,485 shares of the company's stock, valued at $14,895,606.15. This represents a 13.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.70% of the stock is currently owned by insiders.

Institutional Trading of Timken

Several institutional investors and hedge funds have recently bought and sold shares of TKR. M&T Bank Corp boosted its position in shares of Timken by 0.6% in the third quarter. M&T Bank Corp now owns 24,482 shares of the industrial products company's stock worth $2,064,000 after buying an additional 144 shares during the period. Creative Planning grew its stake in Timken by 1.7% during the 2nd quarter. Creative Planning now owns 9,123 shares of the industrial products company's stock valued at $731,000 after acquiring an additional 150 shares in the last quarter. Beese Fulmer Investment Management Inc. lifted its position in shares of Timken by 1.0% in the third quarter. Beese Fulmer Investment Management Inc. now owns 15,208 shares of the industrial products company's stock worth $1,282,000 after purchasing an additional 155 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Timken by 20.0% during the third quarter. Blue Trust Inc. now owns 997 shares of the industrial products company's stock worth $80,000 after purchasing an additional 166 shares during the period. Finally, UMB Bank n.a. increased its position in Timken by 64.1% in the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company's stock worth $36,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

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.