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

Shares of The Timken Company (NYSE:TKR) have earned an average rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $88.18.

A number of analysts have recently weighed in on the company. KeyCorp raised their price objective on Timken from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Evercore ISI lowered their price objective on Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Stifel Nicolaus raised their price objective on Timken from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Raymond James assumed coverage on Timken in a research report on Friday, June 28th. They issued a “market perform” rating for the company. Finally, Loop Capital raised their price objective on Timken from $78.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st.

Insider Activity

In other news, CEO Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $80.46, for a total value of $2,413,800.00. Following the completion of the transaction, the chief executive officer now owns 244,485 shares of the company’s stock, valued at approximately $19,671,263.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Timken

Institutional investors and hedge funds have recently modified their holdings of the stock. Fidelis Capital Partners LLC purchased a new position in shares of Timken in the 1st quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its stake in shares of Timken by 1,905.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 343 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Timken in the 2nd quarter valued at about $30,000. Livelsberger Financial Advisory purchased a new position in shares of Timken in the 4th quarter valued at about $30,000. Finally, GAMMA Investing LLC purchased a new position in shares of Timken in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Trading Down 0.3 %

Shares of NYSE:TKR opened at $82.94 on Thursday. Timken has a 12-month low of $65.71 and a 12-month high of $94.71. The business’s fifty day simple moving average is $82.31 and its 200-day simple moving average is $84.65. The company has a market capitalization of $5.84 billion, a PE ratio of 15.80, a P/E/G ratio of 1.77 and a beta of 1.46. The company has a current ratio of 2.95, a quick ratio of 1.64 and a debt-to-equity ratio of 0.72.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.03. Timken had a return on equity of 16.36% and a net margin of 7.52%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $2.01 EPS. The business’s revenue was down 7.1% compared to the same quarter last year. As a group, equities research analysts predict that Timken will post 6.13 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.36 annualized dividend and a dividend yield of 1.64%. Timken’s dividend payout ratio (DPR) is presently 25.90%.

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.