The Timken Company (NYSE:TKR) Receives Average Rating of “Hold” from Analysts

The Timken Company (NYSE:TKR) has earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $89.18.

Several brokerages have recently issued reports on TKR. Raymond James initiated coverage on Timken in a research note on Friday, June 28th. They issued a “market perform” rating for the company. DA Davidson reiterated a “buy” rating and issued a $103.00 price target on shares of Timken in a research note on Tuesday. Finally, Evercore ISI dropped their price objective on shares of Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th.

Insider Activity at Timken

In related news, CEO Richard G. Kyle sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $80.46, for a total value of $2,413,800.00. Following the completion of the sale, the chief executive officer now directly owns 244,485 shares of the company’s stock, valued at approximately $19,671,263.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Timken

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Timken by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock valued at $569,691,000 after acquiring an additional 347,794 shares during the period. American Century Companies Inc. grew its position in Timken by 4.8% during the 2nd quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock worth $225,750,000 after purchasing an additional 128,791 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Timken by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company’s stock valued at $168,667,000 after purchasing an additional 97,550 shares during the period. Earnest Partners LLC raised its holdings in shares of Timken by 2.1% in the second quarter. Earnest Partners LLC now owns 1,322,312 shares of the industrial products company’s stock valued at $105,957,000 after buying an additional 26,671 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Timken by 15.8% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,313,122 shares of the industrial products company’s stock worth $105,247,000 after buying an additional 178,870 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Price Performance

Shares of TKR opened at $82.55 on Monday. The company has a quick ratio of 1.64, a current ratio of 2.95 and a debt-to-equity ratio of 0.72. Timken has a fifty-two week low of $65.71 and a fifty-two week high of $94.71. The company has a market cap of $5.81 billion, a P/E ratio of 15.82, a PEG ratio of 1.73 and a beta of 1.44. The firm’s 50 day moving average price is $82.50 and its 200 day moving average price is $84.52.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Timken had a return on equity of 16.36% and a net margin of 7.52%. The company’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 earnings per share. On average, research analysts forecast that Timken will post 6.11 earnings per share for the current fiscal year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Tuesday, August 20th. Timken’s dividend payout ratio (DPR) is 25.90%.

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.