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

The Timken Company (NYSE:TKR) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $85.90.

TKR has been the subject of a number of recent research reports. StockNews.com cut Timken from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Evercore ISI lowered shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 target price on the stock. in a report on Tuesday, February 20th. Morgan Stanley initiated coverage on shares of Timken in a report on Monday, January 8th. They set an “equal weight” rating and a $74.00 price target for the company. DA Davidson began coverage on shares of Timken in a report on Tuesday, January 23rd. They set a “buy” rating and a $92.00 price objective for the company. Finally, Oppenheimer restated an “outperform” rating and set a $100.00 price target (up from $97.00) on shares of Timken in a research report on Thursday, March 21st.

Hedge Funds Weigh In On Timken

Several large investors have recently bought and sold shares of TKR. Treasurer of the State of North Carolina boosted its position in shares of Timken by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 34,728 shares of the industrial products company’s stock worth $2,552,000 after purchasing an additional 161 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Timken by 10.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,954 shares of the industrial products company’s stock worth $157,000 after buying an additional 179 shares during the last quarter. Portside Wealth Group LLC grew its position in shares of Timken by 6.6% during the 3rd quarter. Portside Wealth Group LLC now owns 3,006 shares of the industrial products company’s stock worth $224,000 after buying an additional 186 shares during the period. Arizona State Retirement System increased its stake in shares of Timken by 1.1% in the 3rd quarter. Arizona State Retirement System now owns 18,551 shares of the industrial products company’s stock valued at $1,363,000 after acquiring an additional 194 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Timken by 0.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,537 shares of the industrial products company’s stock valued at $2,097,000 after acquiring an additional 262 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Trading Down 1.4 %

Timken stock opened at $84.85 on Friday. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 1.19 and a beta of 1.54. The company has a quick ratio of 0.96, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. Timken has a 12 month low of $65.71 and a 12 month high of $95.08. The business has a 50 day moving average price of $85.27 and a two-hundred day moving average price of $79.32.

Timken (NYSE:TKR) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.15. Timken had a net margin of 8.26% and a return on equity of 19.57%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company earned $1.22 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. As a group, equities analysts forecast that Timken will post 6.02 EPS for the current year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.33 per share. The ex-dividend date was Friday, February 16th. This represents a $1.32 dividend on an annualized basis and a yield of 1.56%. Timken’s payout ratio is presently 24.18%.

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.