BidaskClub upgraded shares of Timken Company (The) (NYSE:TKR) from a hold rating to a buy rating in a report published on Thursday, July 13th.
Several other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Timken Company (The) from a strong-buy rating to a hold rating in a research note on Wednesday, June 28th. Jefferies Group LLC reissued a hold rating and issued a $45.00 target price on shares of Timken Company (The) in a research note on Tuesday, April 18th. Finally, Stifel Nicolaus boosted their target price on Timken Company (The) from $46.00 to $53.00 and gave the company a buy rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Timken Company (The) has a consensus rating of Hold and an average target price of $47.50.
Timken Company (TKR) opened at 45.00 on Thursday. Timken Company has a 12 month low of $31.60 and a 12 month high of $51.75. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 22.33 and a beta of 1.38. The company has a 50-day moving average of $46.62 and a 200-day moving average of $45.57.
Timken Company (The) (NYSE:TKR) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Timken Company (The) had a return on equity of 12.73% and a net margin of 5.98%. The firm had revenue of $750.60 million during the quarter, compared to analyst estimates of $716.50 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. Analysts predict that Timken Company will post $2.56 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.40%. Timken Company (The)’s dividend payout ratio (DPR) is 51.67%.
In other Timken Company (The) news, Director Jacqueline F. Woods sold 1,300 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $46.02, for a total transaction of $59,826.00. Following the sale, the director now directly owns 19,249 shares in the company, valued at approximately $885,838.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.08% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of TKR. TrimTabs Asset Management LLC increased its stake in shares of Timken Company (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 3,110 shares of the industrial products company’s stock valued at $141,000 after buying an additional 1,464 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of Timken Company (The) during the first quarter valued at approximately $144,000. Robecosam AG acquired a new stake in shares of Timken Company (The) during the first quarter valued at approximately $158,000. US Bancorp DE increased its stake in shares of Timken Company (The) by 3.9% in the first quarter. US Bancorp DE now owns 3,872 shares of the industrial products company’s stock valued at $175,000 after buying an additional 145 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of Timken Company (The) during the first quarter valued at approximately $202,000. Institutional investors and hedge funds own 76.94% of the company’s stock.
Timken Company (The) Company Profile
The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.
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