Analysts Set The Timken Company (NYSE:TKR) Target Price at $92.70

Shares of The Timken Company (NYSE:TKR - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $92.70.

A number of equities analysts have weighed in on TKR shares. Morgan Stanley boosted their target price on Timken from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. KeyCorp restated a "sector weight" rating on shares of Timken in a research report on Friday, November 22nd. Evercore ISI lifted their target price on shares of Timken from $91.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Citigroup lowered their price target on Timken from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Bank of America raised Timken from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th.

Timken Stock Down 1.1 %

Timken stock traded down $0.82 during mid-day trading on Monday, hitting $72.64. The company had a trading volume of 493,117 shares, compared to its average volume of 659,503. Timken has a 12 month low of $69.35 and a 12 month high of $94.71. The company has a market capitalization of $5.08 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The stock's 50 day moving average price is $77.97 and its two-hundred day moving average price is $78.88. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69.

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Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. As a group, sell-side analysts anticipate that Timken will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were paid a dividend of $0.34 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.87%. Timken's dividend payout ratio (DPR) is presently 27.25%.

Insider Buying and Selling

In other news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the sale, the chief financial officer now directly owns 90,541 shares of the company's stock, valued at $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Coastline Trust Co bought a new stake in Timken during the third quarter valued at about $29,000. Fairway Wealth LLC bought a new stake in Timken during the 4th quarter valued at approximately $29,000. Amundi lifted its holdings in Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company's stock worth $61,000 after purchasing an additional 174 shares in the last quarter. Parvin Asset Management LLC bought a new position in Timken in the 4th quarter worth approximately $66,000. Finally, Brooklyn Investment Group purchased a new stake in Timken during the 3rd quarter valued at approximately $74,000. Institutional investors own 89.08% of the company's stock.

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.