The Timken Company (NYSE:TKR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

The Timken Company (NYSE:TKR - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $91.60.

Several research firms have recently issued reports on TKR. Morgan Stanley upped their price target on Timken from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Evercore ISI upgraded Timken from an "in-line" rating to an "outperform" rating and increased their target price for the company from $87.00 to $91.00 in a research note on Wednesday, November 13th. Citigroup decreased their target price on Timken from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Oppenheimer reduced their price objective on Timken from $102.00 to $97.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. Finally, DA Davidson reduced their price objective on Timken from $103.00 to $99.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th.

Insider Activity

In other news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction on Friday, February 7th. The stock was 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 approximately $7,379,091.50. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Timken

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Timken by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company's stock valued at $461,461,000 after buying an additional 26,973 shares during the period. American Century Companies Inc. grew its stake in shares of Timken by 11.3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company's stock worth $225,436,000 after purchasing an additional 320,354 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Timken by 4.2% during the third quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company's stock worth $225,880,000 after purchasing an additional 107,350 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Timken by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,493 shares of the industrial products company's stock worth $159,403,000 after purchasing an additional 124,676 shares during the period. Finally, State Street Corp grew its stake in Timken by 3.5% in the third quarter. State Street Corp now owns 1,953,838 shares of the industrial products company's stock valued at $164,689,000 after acquiring an additional 66,208 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Stock Down 0.0 %

NYSE TKR traded down $0.04 on Thursday, reaching $83.09. The stock had a trading volume of 670,970 shares, compared to its average volume of 655,201. The business has a 50 day moving average price of $76.01 and a 200 day moving average price of $79.32. The company has a current ratio of 3.07, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. Timken has a 1 year low of $69.35 and a 1 year high of $94.71. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 1.21 and a beta of 1.39.

Timken (NYSE:TKR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. On average, analysts forecast that Timken will post 5.6 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.64%. 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.