The Timken Company (NYSE:TKR) Receives $87.91 Average PT from Analysts

Shares of The Timken Company (NYSE:TKR) have been assigned an average recommendation of “Hold” from the twelve analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $87.91.

Several research firms recently weighed in on TKR. Loop Capital lifted their price objective on Timken from $78.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. KeyCorp boosted their price target on shares of Timken from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Stifel Nicolaus increased their price objective on shares of Timken from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Raymond James began coverage on shares of Timken in a research note on Friday, June 28th. They issued a “market perform” rating for the company.

Timken Price Performance

Timken stock opened at $84.52 on Friday. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.82 and a beta of 1.46. The firm has a 50-day moving average of $83.08 and a two-hundred day moving average of $84.47. Timken has a 1 year low of $65.71 and a 1 year high of $94.71. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 1.02.

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. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Timken had a return on equity of 17.98% and a net margin of 7.99%. Timken’s quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.01 earnings per share. On average, research analysts forecast that Timken will post 6.2 earnings per share for the current year.

Insider Activity at Timken

In related news, CFO Philip D. Fracassa sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $89.76, for a total value of $897,600.00. Following the completion of the transaction, the chief financial officer now directly owns 105,541 shares of the company’s stock, valued at approximately $9,473,360.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Timken

A number of large investors have recently made changes to their positions in TKR. Fidelis Capital Partners LLC purchased a new stake in Timken during the 1st quarter valued at about $26,000. Livelsberger Financial Advisory purchased a new stake in Timken in the fourth quarter valued at approximately $30,000. Versant Capital Management Inc acquired a new position in Timken in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its position in 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 buying an additional 343 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Timken during the 4th quarter valued at approximately $35,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

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.