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

Shares of The Timken Company (NYSE:TKR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve research firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $87.45.

TKR has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Timken from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Evercore ISI boosted their price target on Timken from $91.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Jefferies Financial Group reiterated a "hold" rating and issued a $70.00 price target (down previously from $90.00) on shares of Timken in a research note on Wednesday, April 2nd. The Goldman Sachs Group decreased their price objective on shares of Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, Citigroup reduced their price target on Timken from $95.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday.

Insider Buying and Selling at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $81.50, for a total transaction of $407,500.00. Following the transaction, the chief financial officer now directly owns 90,541 shares of the company's stock, valued at approximately $7,379,091.50. The trade was a 5.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.70% of the company's stock.

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Institutional Trading of Timken

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TKR. NBC Securities Inc. grew its position in shares of Timken by 97,245.5% during the 1st quarter. NBC Securities Inc. now owns 10,708 shares of the industrial products company's stock worth $769,000 after buying an additional 10,697 shares during the period. Beese Fulmer Investment Management Inc. lifted its holdings in Timken by 1.8% during the first quarter. Beese Fulmer Investment Management Inc. now owns 15,114 shares of the industrial products company's stock worth $1,086,000 after acquiring an additional 268 shares during the period. Parallel Advisors LLC grew its position in Timken by 11.2% during the first quarter. Parallel Advisors LLC now owns 3,616 shares of the industrial products company's stock valued at $260,000 after buying an additional 365 shares during the period. GAMMA Investing LLC increased its stake in shares of Timken by 27,378.3% during the 1st quarter. GAMMA Investing LLC now owns 82,435 shares of the industrial products company's stock worth $5,925,000 after purchasing an additional 82,135 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Timken by 25.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,288 shares of the industrial products company's stock worth $520,000 after buying an additional 1,489 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

Timken Stock Up 10.9 %

TKR stock traded up $6.23 during trading hours on Friday, reaching $63.57. 1,815,265 shares of the stock were exchanged, compared to its average volume of 545,971. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.51 and a beta of 1.28. The firm's 50-day moving average is $75.26 and its 200-day moving average is $77.08. Timken has a 12 month low of $56.20 and a 12 month high of $94.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61.

Timken (NYSE:TKR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (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, equities research analysts expect that Timken will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.14%. The ex-dividend date was Tuesday, February 25th. Timken's payout ratio is 27.25%.

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.