The Timken Company (NYSE:TKR) Receives $92.90 Average PT from Analysts

Shares of The Timken Company (NYSE:TKR) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $92.90.

TKR has been the topic of a number of research analyst reports. Citigroup upgraded Timken from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $90.00 in a research report on Monday, December 9th. DA Davidson decreased their target price on shares of Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley raised shares of Timken from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $82.00 to $93.00 in a research note on Tuesday, December 17th. KeyCorp reaffirmed a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Finally, Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $87.00 to $91.00 in a research report on Wednesday, November 13th.

Timken Price Performance

NYSE:TKR opened at $71.48 on Wednesday. Timken has a one year low of $70.20 and a one year high of $94.71. The stock has a market cap of $5.01 billion, a PE ratio of 14.86, a P/E/G ratio of 1.12 and a beta of 1.38. 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 stock has a 50 day moving average price of $77.22 and a 200 day moving average price of $80.61.

Timken (NYSE:TKR) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.23 EPS 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 company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. Equities research analysts expect that Timken will post 5.61 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Tuesday, November 19th. Timken’s dividend payout ratio (DPR) is 28.27%.

Insider Transactions at Timken

In other news, Director Richard G. Kyle sold 30,000 shares of the business’s 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 completion of the sale, the director now owns 194,485 shares in the company, valued at approximately $14,895,606.15. The trade was a 13.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. American Century Companies Inc. boosted its stake in Timken by 4.8% in the second quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock valued at $225,750,000 after acquiring an additional 128,791 shares in the last quarter. Thrivent Financial for Lutherans increased its position 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Timken by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company’s stock valued at $168,667,000 after purchasing an additional 97,550 shares during the last quarter. State Street Corp boosted its position in shares of Timken by 3.5% in the 3rd quarter. State Street Corp now owns 1,953,838 shares of the industrial products company’s stock valued at $164,689,000 after purchasing an additional 66,208 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in Timken by 34.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock worth $143,376,000 after buying an additional 434,800 shares during the last quarter. 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.