Timken (NYSE:TKR) Price Target Increased to $95.00 by Analysts at KeyCorp

Timken (NYSE:TKR - Get Free Report) had its target price increased by research analysts at KeyCorp from $91.00 to $95.00 in a report released on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the industrial products company's stock. KeyCorp's price objective suggests a potential upside of 6.54% from the stock's previous close.

TKR has been the subject of several other research reports. Oppenheimer reiterated an "outperform" rating and set a $100.00 target price (up previously from $97.00) on shares of Timken in a research report on Thursday, March 21st. The Goldman Sachs Group lifted their price target on shares of Timken from $78.00 to $87.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 6th. Loop Capital lifted their price target on shares of Timken from $78.00 to $87.00 and gave the company a "hold" rating in a research note on Wednesday. Evercore ISI lowered Timken from an "outperform" rating to an "in-line" rating and set a $84.00 price target on the stock. in a research report on Tuesday, February 20th. Finally, StockNews.com downgraded Timken from a "buy" rating to a "hold" rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Timken currently has a consensus rating of "Hold" and a consensus price target of $87.09.

Timken Stock Performance

Shares of Timken stock traded up $1.68 during trading on Thursday, hitting $89.17. 602,254 shares of the stock were exchanged, compared to its average volume of 508,354. The stock has a market cap of $6.28 billion, a PE ratio of 16.87, a P/E/G ratio of 1.22 and a beta of 1.51. The stock's fifty day moving average is $85.77 and its 200 day moving average is $79.78. Timken has a 12 month low of $65.71 and a 12 month high of $95.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.87.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $1.77 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.27. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Timken had a net margin of 7.99% and a return on equity of 17.98%. Timken's revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.09 EPS. As a group, sell-side analysts anticipate that Timken will post 6.11 EPS for the current year.

Institutional Investors Weigh In On Timken

Hedge funds have recently bought and sold shares of the stock. CWM LLC increased its position in Timken by 50.0% during the third quarter. CWM LLC now owns 906 shares of the industrial products company's stock worth $67,000 after acquiring an additional 302 shares during the period. AE Wealth Management LLC bought a new position in Timken in the 3rd quarter valued at approximately $290,000. Commonwealth Equity Services LLC boosted its position in Timken by 19.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,599 shares of the industrial products company's stock worth $559,000 after buying an additional 1,245 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Timken by 8.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 26,954 shares of the industrial products company's stock worth $1,981,000 after acquiring an additional 2,026 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its position in Timken by 8.9% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 3,585 shares of the industrial products company's stock valued at $263,000 after acquiring an additional 292 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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.