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

Timken Company (The) (NYSE:TKR - Get Free Report) has earned a consensus recommendation of "Hold" from the eleven analysts that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $78.50.

Several equities research analysts have weighed in on the company. Evercore ISI cut their target price on Timken from $102.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. Loop Capital cut their target price on Timken from $85.00 to $65.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group cut their target price on Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Citigroup upped their target price on Timken from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Oppenheimer cut their target price on Timken from $90.00 to $88.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st.

Timken Price Performance

Shares of TKR stock traded up $0.13 during trading on Wednesday, hitting $70.57. The company had a trading volume of 335,227 shares, compared to its average volume of 574,749. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.71 and a current ratio of 3.15. The firm has a market capitalization of $4.94 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.68 and a beta of 1.28. The stock's 50-day moving average price is $68.14 and its 200 day moving average price is $72.59. Timken has a one year low of $56.20 and a one year high of $90.49.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Timken had a net margin of 7.24% and a return on equity of 12.62%. The company's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.77 earnings per share. Equities analysts expect that Timken will post 5.62 EPS for the current fiscal year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This is an increase from Timken's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 1.98%. Timken's dividend payout ratio is 30.17%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Timken by 2.8% during the first quarter. Vanguard Group Inc. now owns 6,646,465 shares of the industrial products company's stock worth $477,681,000 after buying an additional 180,705 shares in the last quarter. American Century Companies Inc. increased its holdings in Timken by 7.3% in the first quarter. American Century Companies Inc. now owns 3,390,125 shares of the industrial products company's stock valued at $243,648,000 after purchasing an additional 231,435 shares during the period. Dimensional Fund Advisors LP increased its holdings in Timken by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,367,167 shares of the industrial products company's stock valued at $170,124,000 after purchasing an additional 133,674 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in Timken by 2.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,990,929 shares of the industrial products company's stock valued at $143,088,000 after purchasing an additional 46,090 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Timken by 108.8% in the first quarter. Victory Capital Management Inc. now owns 1,841,828 shares of the industrial products company's stock valued at $132,372,000 after purchasing an additional 959,672 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.