Timken Company (The) (NYSE:TKR) Given Consensus Rating of "Hold" by Brokerages

Timken Company (The) (NYSE:TKR - Get Free Report) has been given an average rating of "Hold" by the ten brokerages that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $79.00.

TKR has been the topic of a number of research analyst reports. Loop Capital reduced their target price on Timken from $85.00 to $65.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Jefferies Financial Group restated a "hold" rating and issued a $70.00 target price (down previously from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. Morgan Stanley dropped their price objective on Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. DA Davidson lifted their price objective on Timken from $66.00 to $71.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, Oppenheimer dropped their price objective 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

NYSE:TKR opened at $78.11 on Friday. Timken has a 52 week low of $56.20 and a 52 week high of $90.49. The company has a quick ratio of 1.71, a current ratio of 3.15 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $5.46 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.86 and a beta of 1.27. The stock's fifty day moving average is $71.98 and its two-hundred day moving average is $72.60.

Timken (NYSE:TKR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $1.40 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.03). Timken had a net margin of 7.24% and a return on equity of 12.62%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. Timken's revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts expect that Timken will post 5.62 EPS for the current year.

Timken Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.79%. This is a boost from Timken's previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, May 13th. Timken's payout ratio is presently 30.17%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Livelsberger Financial Advisory acquired a new position in Timken during the 2nd quarter worth $28,000. Amundi lifted its holdings in Timken by 25.8% during the 4th quarter. Amundi now owns 848 shares of the industrial products company's stock worth $61,000 after buying an additional 174 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in Timken during the 4th quarter worth about $66,000. UMB Bank n.a. lifted its holdings in Timken by 400.0% during the 1st 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 during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Timken by 282.3% during the 1st 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 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.

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