Timken Company (The) (NYSE:TKR) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Timken Company (NYSE:TKR) has received a consensus rating of "Hold" from ten research firms, with six analysts rating it as hold and four as buy.
• The average twelve-month price target for Timken's stock is $79.90, with recent analyst ratings ranging from buy to outperform.
• Timken's earnings for the last quarter were $1.42 per share, exceeding the consensus estimate of $1.34, though revenues were down 0.8% year-over-year at $1.17 billion.

Timken Company (The) (NYSE:TKR - Get Free Report) has been given a consensus recommendation of "Hold" by the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $79.90.

Several analysts have weighed in on TKR shares. Evercore ISI lowered their target price on Timken from $102.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Loop Capital dropped 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 lifted their target price on shares of Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Morgan Stanley dropped 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. Finally, Oppenheimer cut their price objective on Timken from $90.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Livelsberger Financial Advisory purchased a new stake in shares of Timken in the second quarter valued at $28,000. Steph & Co. acquired a new stake in Timken in the 2nd quarter worth about $37,000. CWM LLC grew its holdings in Timken by 31.4% in the 2nd quarter. CWM LLC now owns 527 shares of the industrial products company's stock valued at $38,000 after buying an additional 126 shares during the period. Parvin Asset Management LLC acquired a new position in shares of Timken during the 4th quarter valued at about $66,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Timken by 537.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 975 shares of the industrial products company's stock worth $71,000 after acquiring an additional 822 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Price Performance

TKR stock traded up $0.53 during trading on Thursday, reaching $74.44. 321,431 shares of the company were exchanged, compared to its average volume of 677,991. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 3.13. The stock's 50 day moving average price is $74.82 and its 200 day moving average price is $73.14. Timken has a 52-week low of $56.20 and a 52-week high of $87.52. The company has a market cap of $5.18 billion, a P/E ratio of 16.92, a PEG ratio of 1.61 and a beta of 1.30.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.34 by $0.08. Timken had a return on equity of 11.78% and a net margin of 6.86%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The company's quarterly revenue was down .8% on a year-over-year basis. As a group, analysts predict that Timken will post 5.62 earnings per share for the current fiscal year.

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.