Timken's (TKR) Sector Weight Rating Reiterated at KeyCorp

Timken (NYSE:TKR - Get Free Report)'s stock had its "sector weight" rating reiterated by research analysts at KeyCorp in a report released on Friday, Marketbeat Ratings reports.

Several other equities research analysts have also issued reports on the stock. Citigroup started coverage on shares of Timken in a research note on Monday, October 14th. They issued a "neutral" rating and a $90.00 price objective for the company. DA Davidson reduced their target price on Timken from $103.00 to $99.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Evercore ISI upgraded Timken from an "in-line" rating to an "outperform" rating and increased their price target for the company from $87.00 to $91.00 in a report on Wednesday, November 13th. Finally, Oppenheimer lowered their target price on shares of Timken from $102.00 to $97.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $90.00.

Timken Stock Up 1.0 %

Shares of NYSE:TKR traded up $0.74 during midday trading on Friday, hitting $75.96. 637,303 shares of the stock were exchanged, compared to its average volume of 487,777. The company has a market capitalization of $5.33 billion, a PE ratio of 15.64, a P/E/G ratio of 1.09 and a beta of 1.43. Timken has a 52-week low of $71.57 and a 52-week high of $94.71. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.62 and a current ratio of 3.00. The business's fifty day simple moving average is $81.53 and its two-hundred day simple moving average is $82.99.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). Timken had a net margin of 7.41% and a return on equity of 14.82%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts predict that Timken will post 5.61 earnings per share for the current fiscal year.

Insider Transactions at Timken

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Timken by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company's stock valued at $569,691,000 after purchasing an additional 347,794 shares during the last quarter. BOKF NA grew its position in Timken by 2.3% during the 1st quarter. BOKF NA now owns 12,369 shares of the industrial products company's stock worth $1,087,000 after acquiring an additional 275 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Timken by 1.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,317 shares of the industrial products company's stock valued at $7,810,000 after purchasing an additional 1,667 shares in the last quarter. Kodai Capital Management LP acquired a new position in Timken in the first quarter worth $9,130,000. Finally, Interval Partners LP bought a new stake in shares of Timken during the first quarter worth $22,907,000. 89.08% of the stock is owned by 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.