The Timken Company (NYSE:TKR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The Timken Company (NYSE:TKR) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Four equities research 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 analysts that have covered the stock in the last year is $92.90.

Several equities research analysts have recently commented on TKR shares. Morgan Stanley upgraded shares of Timken from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $82.00 to $93.00 in a research note on Tuesday, December 17th. DA Davidson reduced 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. Evercore ISI upgraded Timken from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $87.00 to $91.00 in a research note on Wednesday, November 13th. Citigroup upgraded Timken from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $90.00 in a research note on Monday, December 9th. Finally, Jefferies Financial Group raised Timken from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $95.00 in a report on Friday, December 6th.

Insider Buying and Selling at Timken

In other Timken news, Director Richard G. Kyle sold 30,000 shares of the firm’s 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 sale, the director now directly owns 194,485 shares of the company’s stock, valued at approximately $14,895,606.15. This trade represents a 13.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. M&T Bank Corp raised its holdings in shares of Timken by 0.6% during the third quarter. M&T Bank Corp now owns 24,482 shares of the industrial products company’s stock valued at $2,064,000 after acquiring an additional 144 shares during the last quarter. Creative Planning increased its position in shares of Timken by 1.7% during the second quarter. Creative Planning now owns 9,123 shares of the industrial products company’s stock worth $731,000 after purchasing an additional 150 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in Timken by 1.0% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 15,208 shares of the industrial products company’s stock valued at $1,282,000 after purchasing an additional 155 shares during the last quarter. Blue Trust Inc. lifted its holdings in Timken by 20.0% in the 3rd quarter. Blue Trust Inc. now owns 997 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 166 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Timken by 64.1% during the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Stock Down 0.8 %

Timken stock opened at $71.48 on Wednesday. Timken has a 1-year low of $70.20 and a 1-year high of $94.71. The business has a fifty day moving average price of $77.22 and a 200-day moving average price of $80.61. 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 stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.12 and a beta of 1.38.

Timken (NYSE:TKR) last issued its quarterly earnings results 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 analyst estimates of $1.12 billion. During the same period in the prior year, the business posted $1.55 EPS. Timken’s revenue was down 1.4% compared to the same quarter last year. Equities research analysts forecast that Timken will post 5.61 EPS for the current fiscal year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors 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 of this dividend was Tuesday, November 19th. Timken’s dividend payout ratio (DPR) is presently 28.27%.

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.