The Timken Company (NYSE:TKR) Receives Consensus Recommendation of "Hold" from Analysts

The Timken Company (NYSE:TKR - Get Free Report) has received an average recommendation of "Hold" from the eleven analysts that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $79.20.

Several research analysts recently issued reports on TKR shares. Loop Capital reduced their target price on shares of Timken from $85.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Citigroup decreased their price objective on Timken from $95.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Evercore ISI raised their target price on Timken from $91.00 to $102.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. The Goldman Sachs Group decreased their price target on Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, DA Davidson restated a "neutral" rating and set a $66.00 price target (down previously from $97.00) on shares of Timken in a research report on Monday, April 21st.

Timken Stock Performance

TKR stock traded up $2.23 during midday trading on Tuesday, reaching $66.58. The stock had a trading volume of 576,975 shares, compared to its average volume of 555,890. The firm has a fifty day simple moving average of $68.90 and a two-hundred day simple moving average of $74.55. Timken has a 52-week low of $56.20 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07. The stock has a market cap of $4.66 billion, a PE ratio of 13.34, a P/E/G ratio of 1.51 and a beta of 1.28.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.03). The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.13 billion. Timken had a return on equity of 13.93% and a net margin of 7.71%. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 earnings per share. As a group, equities research analysts anticipate that Timken will post 5.62 EPS for the current year.

Timken Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.10%. This is a boost from Timken's previous quarterly dividend of $0.34. Timken's payout ratio is presently 27.25%.

Insiders Place Their Bets

In other news, CFO Philip D. Fracassa sold 5,000 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $81.50, for a total transaction of $407,500.00. Following the completion of the sale, the chief financial officer now owns 90,541 shares of the company's stock, valued at $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Timken

A number of institutional investors and hedge funds have recently bought and sold shares of TKR. Fairway Wealth LLC purchased a new position in Timken in the 4th quarter worth approximately $29,000. Amundi increased its holdings in shares of Timken by 25.8% in the fourth quarter. Amundi now owns 848 shares of the industrial products company's stock valued at $61,000 after purchasing an additional 174 shares during the last quarter. Parvin Asset Management LLC purchased a new position in Timken during the fourth quarter worth approximately $66,000. UMB Bank n.a. lifted its position in Timken by 400.0% during the first quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company's stock worth $72,000 after buying an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Timken by 282.3% during the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company's stock worth $82,000 after buying an additional 847 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

About Timken

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.