Morgan Stanley Issues Positive Forecast for Timken (NYSE:TKR) Stock Price

Timken (NYSE:TKR - Get Free Report) had its price objective lifted by analysts at Morgan Stanley from $93.00 to $94.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the industrial products company's stock. Morgan Stanley's price objective suggests a potential upside of 13.14% from the stock's current price.

TKR has been the subject of a number of other reports. Bank of America raised Timken from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th. Oppenheimer decreased 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. DA Davidson decreased 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. Jefferies Financial Group upgraded Timken from a "hold" rating to a "buy" rating and boosted their target price for the stock from $80.00 to $95.00 in a research note on Friday, December 6th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $91.60.

Timken Stock Down 0.0 %

Shares of Timken stock traded down $0.04 on Tuesday, reaching $83.09. 527,645 shares of the company were exchanged, compared to its average volume of 699,460. Timken has a 1-year low of $69.35 and a 1-year high of $94.71. The company has a market cap of $5.83 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.62. The stock's 50 day moving average price is $75.88 and its 200-day moving average price is $79.38.

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, topping 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%. As a group, equities analysts forecast that Timken will post 5.6 EPS for the current year.

Insider Activity

In related news, CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $81.50, for a total transaction of $407,500.00. Following the sale, the chief financial officer now owns 90,541 shares of the company's stock, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.70% of the company's stock.

Institutional Trading of Timken

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