Timken’s (TKR) “Sector Weight” Rating Reaffirmed at KeyCorp

Timken (NYSE:TKR)‘s stock had its “sector weight” rating restated by KeyCorp in a research note issued on Friday,Benzinga reports.

TKR has been the subject of several other reports. DA Davidson dropped their target price on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Evercore ISI upgraded shares of Timken from an “in-line” rating to an “outperform” rating and upped their price target for the company from $87.00 to $91.00 in a report on Wednesday, November 13th. Oppenheimer decreased their price objective on shares of Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Finally, Citigroup began coverage on Timken in a report on Monday, October 14th. They set a “neutral” rating and a $90.00 price target on the stock. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $90.00.

Timken Trading Up 1.7 %

NYSE TKR opened at $75.22 on Friday. The company has a quick ratio of 1.62, a current ratio of 3.00 and a debt-to-equity ratio of 0.71. The stock’s 50-day simple moving average is $81.53 and its two-hundred day simple moving average is $82.99. Timken has a twelve month low of $71.57 and a twelve month high of $94.71. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.09 and a beta of 1.43.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.15). The firm 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS. Research analysts forecast that Timken will post 5.61 EPS for the current fiscal year.

Insider Buying and Selling at Timken

In other Timken news, Director Richard G. Kyle sold 30,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $76.59, for a total transaction of $2,297,700.00. Following the sale, the director now directly owns 194,485 shares in the company, valued at approximately $14,895,606.15. This trade represents a 13.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Coastline Trust Co bought a new position in Timken during the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its stake 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 valued at $32,000 after buying an additional 343 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Timken during the 2nd quarter valued at $30,000. Livelsberger Financial Advisory bought a new stake in shares of Timken in the third quarter worth $32,000. Finally, UMB Bank n.a. lifted 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 valued at $36,000 after acquiring an additional 168 shares during the period. 89.08% of the stock is owned by 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.