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

Shares of The Timken Company (NYSE:TKR - Get Free Report) have been given an average rating of "Moderate Buy" by the eleven brokerages that are presently covering the company, MarketBeat Ratings 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 price target among brokers that have issued ratings on the stock in the last year is $92.90.

TKR has been the subject of several recent analyst reports. KeyCorp reaffirmed a "sector weight" rating on shares of Timken in a research report on Friday, November 22nd. DA Davidson decreased their price target on shares of Timken from $103.00 to $99.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Morgan Stanley upgraded shares of Timken from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $82.00 to $93.00 in a report on Tuesday, December 17th. Oppenheimer reduced their target price on Timken from $102.00 to $97.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, Evercore ISI raised Timken from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $87.00 to $91.00 in a research note on Wednesday, November 13th.

Timken Trading Up 0.3 %

NYSE TKR traded up $0.22 on Wednesday, reaching $71.83. The company had a trading volume of 110,936 shares, compared to its average volume of 488,246. Timken has a fifty-two week low of $70.20 and a fifty-two week high of $94.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.00 and a quick ratio of 1.62. The business has a 50 day moving average of $77.84 and a two-hundred day moving average of $80.77. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.12 and a beta of 1.38.

Timken (NYSE:TKR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.82% and a net margin of 7.41%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $1.55 earnings per share. The business's revenue was down 1.4% on a year-over-year basis. Analysts forecast that Timken will post 5.61 EPS for the current year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $1.36 annualized dividend and a dividend yield of 1.89%. Timken's payout ratio is 28.27%.

Insider Activity at Timken

In other Timken news, Director Richard G. Kyle sold 30,000 shares of Timken stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the transaction, the director now owns 194,485 shares of the company's stock, valued at $14,895,606.15. This trade represents a 13.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is currently owned by insiders.

Institutional Trading of Timken

A number of institutional investors and hedge funds have recently modified their holdings of TKR. Coastline Trust Co bought a new stake in Timken in the third quarter worth about $29,000. Livelsberger Financial Advisory bought a new stake in shares of Timken in the 3rd quarter worth approximately $32,000. UMB Bank n.a. lifted its stake 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 purchasing an additional 168 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Timken during the second quarter valued at $44,000. Finally, Brooklyn Investment Group purchased a new stake in Timken in the third quarter worth $74,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

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.