The Timken Company (NYSE:TKR) Given Average Rating of “Moderate Buy” by Analysts

The Timken Company (NYSE:TKR) has been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $92.40.

A number of analysts have recently weighed in on TKR shares. DA Davidson dropped their price objective on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Citigroup cut their price target on shares of Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Evercore ISI upgraded shares of Timken from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $87.00 to $91.00 in a research report on Wednesday, November 13th. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $95.00 in a report on Friday, December 6th. Finally, KeyCorp restated a “sector weight” rating on shares of Timken in a report on Friday, November 22nd.

Timken Price Performance

Shares of NYSE:TKR opened at $76.81 on Friday. The company’s fifty day moving average is $74.64 and its 200 day moving average is $79.80. The company has a quick ratio of 1.62, a current ratio of 3.00 and a debt-to-equity ratio of 0.71. Timken has a 52 week low of $69.35 and a 52 week high of $94.71. The stock has a market cap of $5.39 billion, a PE ratio of 15.97, a PEG ratio of 0.95 and a beta of 1.39.

Timken (NYSE:TKR) last released its quarterly earnings data 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). The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Timken had a return on equity of 14.82% and a net margin of 7.41%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 EPS. Research analysts anticipate that Timken will post 5.61 earnings per share for the current year.

Timken Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Tuesday, November 19th. Timken’s payout ratio is presently 28.27%.

Insider Activity at Timken

In related news, Director Richard G. Kyle sold 30,000 shares of Timken stock in a transaction dated 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 transaction, the director now directly owns 194,485 shares of the company’s stock, valued at $14,895,606.15. This trade represents a 13.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Timken

A number of institutional investors and hedge funds have recently made changes to their positions in TKR. Inspire Investing LLC grew its stake in shares of Timken by 15.2% in the 4th quarter. Inspire Investing LLC now owns 5,647 shares of the industrial products company’s stock worth $403,000 after buying an additional 746 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Timken by 25.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 107,102 shares of the industrial products company’s stock worth $7,644,000 after acquiring an additional 22,003 shares in the last quarter. Sheets Smith Wealth Management grew its stake in shares of Timken by 3.4% in the fourth quarter. Sheets Smith Wealth Management now owns 5,856 shares of the industrial products company’s stock worth $418,000 after acquiring an additional 190 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Timken by 13.6% during the fourth quarter. Park Avenue Securities LLC now owns 3,093 shares of the industrial products company’s stock valued at $221,000 after acquiring an additional 371 shares in the last quarter. Finally, Bar Harbor Wealth Management raised its position in shares of Timken by 1.5% in the 4th quarter. Bar Harbor Wealth Management now owns 36,376 shares of the industrial products company’s stock worth $2,596,000 after purchasing an additional 547 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

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.