Analysts Set The Timken Company (NYSE:TKR) PT at $90.70

Shares of The Timken Company (NYSE:TKR) have been given an average rating of “Hold” by the eleven research firms that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $91.70.

Several equities analysts have recently issued reports on TKR shares. Evercore ISI lowered their price target on Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Citigroup began coverage on Timken in a report on Monday. They issued a “neutral” rating and a $90.00 price target on the stock. DA Davidson restated a “buy” rating and issued a $103.00 target price on shares of Timken in a report on Tuesday, September 17th. Finally, Raymond James assumed coverage on Timken in a report on Friday, June 28th. They set a “market perform” rating for the company.

Timken Price Performance

Shares of TKR opened at $87.24 on Friday. Timken has a one year low of $65.71 and a one year high of $94.71. The stock’s fifty day moving average is $82.52 and its 200-day moving average is $84.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 2.95. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.83 and a beta of 1.43.

Timken (NYSE:TKR) last released its earnings results on Wednesday, July 31st. The industrial products company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.60 by $0.03. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Timken had a net margin of 7.52% and a return on equity of 16.36%. Timken’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the company earned $2.01 EPS. Equities analysts anticipate that Timken will post 6.08 EPS for the current year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.36 annualized dividend and a yield of 1.56%. Timken’s dividend payout ratio (DPR) is presently 27.87%.

Insider Transactions at Timken

In related news, CEO Richard G. Kyle sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the transaction, the chief executive officer now directly owns 244,485 shares of the company’s stock, valued at approximately $19,671,263.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Timken

A number of institutional investors have recently modified their holdings of the stock. Fidelis Capital Partners LLC purchased a new stake in shares of Timken during the first quarter worth $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Timken by 1,905.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 343 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Timken during the 2nd quarter valued at about $30,000. Livelsberger Financial Advisory bought a new stake in shares of Timken in the 4th quarter valued at approximately $30,000. Finally, UMB Bank n.a. increased its holdings in Timken by 64.1% in the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

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.