Analysts Set Timken Company (The) (NYSE:TKR) PT at $79.00

Timken Company (The) (NYSE:TKR - Get Free Report) has received a consensus recommendation of "Hold" from the ten research firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $79.00.

TKR has been the subject of a number of research reports. Morgan Stanley lowered their price objective on shares of Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group decreased their price target on shares of Timken from $85.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Loop Capital decreased their price target on shares of Timken from $85.00 to $65.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Evercore ISI decreased their price target on shares of Timken from $102.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Finally, DA Davidson upped their target price on Timken from $66.00 to $71.00 and gave the company a "neutral" rating in a research report on Monday, May 5th.

Hedge Funds Weigh In On Timken

Several hedge funds and other institutional investors have recently bought and sold shares of TKR. Charles Schwab Investment Management Inc. lifted its position in shares of Timken by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 653,147 shares of the industrial products company's stock valued at $46,615,000 after buying an additional 3,195 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Timken during the 4th quarter valued at approximately $3,101,000. Raymond James Financial Inc. purchased a new position in shares of Timken during the 4th quarter valued at approximately $14,460,000. Amundi lifted its position in shares of Timken by 25.8% during the 4th quarter. Amundi now owns 848 shares of the industrial products company's stock valued at $61,000 after buying an additional 174 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of Timken by 25,983.3% during the 4th quarter. AlphaQuest LLC now owns 1,565 shares of the industrial products company's stock valued at $112,000 after buying an additional 1,559 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company's stock.

Timken Stock Up 0.5%

NYSE:TKR traded up $0.34 during mid-day trading on Friday, reaching $76.67. The company's stock had a trading volume of 290,167 shares, compared to its average volume of 585,448. Timken has a 1 year low of $56.20 and a 1 year high of $90.49. The stock has a fifty day moving average of $72.40 and a 200-day moving average of $72.67. The firm has a market capitalization of $5.36 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.27. The company has a quick ratio of 1.71, a current ratio of 3.15 and a debt-to-equity ratio of 0.68.

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

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, May 13th. This is an increase from Timken's previous quarterly dividend of $0.34. Timken's dividend payout ratio is 30.17%.

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.