NYSE:TKRTimken Stock Price, Forecast & News

$42.23

-0.31 (-0.73 %)

(As of 06/1/2020 04:00 PM ET)

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Today's Range

$42.18

Now: $42.23▼

$43.60

50-Day Range

$32.40

MA: $37.14▼

$44.06

52-Week Range

$22.25

Now: $42.23▼

$58.78

Volume539,528 shs

Average Volume720,286 shs

Market Capitalization$3.17 billion

P/E Ratio9.22

Dividend Yield2.63%

Beta1.81

The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives. It also provides power transmission systems and flight-critical components for civil and military aircraft, which comprise bearings, helicopter transmission systems, rotor-head assemblies, turbine engine components, gears, and housings. This segment sells it parts through a network of authorized automotive and heavy-truck distributors to individual end users, equipment owners, operators, and maintenance shops. The Process Industries segment supplies industrial bearings and assemblies; power transmission components, such as gears and gearboxes; and linear motion products, couplings, seals, lubricants, chains, belts, and related products and services to OEMs and end-users in various industries. It also supports aftermarket sales and service needs through its network of authorized industrial distributors; and offers repair and service for bearings and gearboxes, as well as electric motor rewind, repair, and services to end users. The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Timken has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $57.00, Timken has a potential upside of 35.0% from its current price of $42.23.
Amount of Analyst Coverage
Timken has only been the subject of 2 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Timken has received 348 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Timken has received 364 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Timken has received 51.12% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Timken and other stocks. Vote “Outperform” if you believe TKR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TKR will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Timken is a leading dividend payer. It pays a dividend yield of 2.63%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Timken has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of Timken is 24.35 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Timken will have a dividend payout ratio of 31.28 % next year. This indicates that Timken will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Timken insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 11.62% of the stock of Timken is held by insiders.
Percentage Held by Institutions
77.62% of the stock of Timken is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Timken are expected to grow by 32.59% in the coming year, from $2.70 to $3.58 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Timken is 9.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Timken is 9.22, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.48.
Price to Earnings Growth Ratio
Timken has a PEG Ratio of 6.03. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Timken has a P/B Ratio of 1.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.69 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Ball & roller bearings

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNYSE:TKR

Previous Symbol

CUSIP88738910

CIK98362

Webwww.timken.com

Phone234-262-3000

Debt

Debt-to-Equity Ratio0.98

Current Ratio2.72

Quick Ratio1.65

Price-To-Earnings

Trailing P/E Ratio9.22

Forward P/E Ratio15.64

P/E Growth6.03

Sales & Book Value

Annual Sales$3.79 billion

Price / Sales0.84

Cash Flow$6.78 per share

Price / Cash Flow6.23

Book Value$25.95 per share

Price / Book1.63

Profitability

EPS (Most Recent Fiscal Year)$4.60

Net Income$362.10 million

Net Margins9.40%

Return on Equity17.93%

Return on Assets7.01%

Miscellaneous

Employees18,000

Outstanding Shares75,066,000

Market Cap$3.17 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Timken (NYSE:TKR) Frequently Asked Questions

How has Timken's stock been impacted by COVID-19 (Coronavirus)?

Timken's stock was trading at $35.77 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TKR shares have increased by 18.1% and is now trading at $42.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Timken?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Timken in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Timken.

When is Timken's next earnings date?

Timken is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Timken.

How were Timken's earnings last quarter?

Timken Co (NYSE:TKR) issued its quarterly earnings data on Friday, May, 1st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.07 by $0.04. The industrial products company had revenue of $923.40 million for the quarter, compared to the consensus estimate of $917.91 million. Timken had a net margin of 9.40% and a return on equity of 17.93%. The business's quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. View Timken's earnings history.

How often does Timken pay dividends? What is the dividend yield for Timken?

Timken declared a quarterly dividend on Monday, May 11th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.28 per share on Wednesday, June 3rd. This represents a $1.12 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, May 21st. View Timken's dividend history.

What price target have analysts set for TKR?

5 brokerages have issued 12 month price objectives for Timken's stock. Their forecasts range from $42.00 to $68.00. On average, they anticipate Timken's share price to reach $57.00 in the next twelve months. This suggests a possible upside of 35.0% from the stock's current price. View analysts' price targets for Timken.

Has Timken been receiving favorable news coverage?

News articles about TKR stock have trended extremely positive on Monday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Timken earned a media sentiment score of 5.0 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutTimken.

Who are some of Timken's key competitors?

Some companies that are related to Timken include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), IDEX (IEX), Xylem (XYL), Ingersoll-Rand (IR), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), ITT (ITT) and Lincoln Electric (LECO). View all competitors.

What other stocks do shareholders of Timken own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Timken investors own include Timkensteel (TMST), Paychex (PAYX), General Electric (GE), Starbucks (SBUX), Boeing (BA), Caterpillar (CAT), Intel (INTC), AT&T (T), Home Depot (HD) and Cisco Systems (CSCO).

Who are Timken's key executives?

Timken's management team includes the following people:

Mr. Richard G. Kyle, Pres, CEO & Director (Age 53)
Mr. Philip D. Fracassa, Exec. VP & CFO (Age 51)
Mr. Ronald J. Myers, Exec. VP of HR (Age 60)
Mr. Christopher A. Coughlin, Exec. VP & Group Pres (Age 58)
Mr. Richard M. Boyer, VP of Operations

What is Timken's stock symbol?

Timken trades on the New York Stock Exchange (NYSE) under the ticker symbol "TKR."

Who are Timken's major shareholders?

Timken's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.86%), Invesco Ltd. (2.56%), State Street Corp (2.29%), AQR Capital Management LLC (2.15%), Bank of New York Mellon Corp (1.50%) and Geode Capital Management LLC (1.13%). Company insiders that own Timken stock include Christopher A Coughlin, Frank C Sullivan, John M Timken Jr, Philip D Fracassa, Richard G Kyle, Ronald J Myers and Shelly Marie Chadwick. View institutional ownership trends for Timken.

Which major investors are selling Timken stock?

TKR stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., AQR Capital Management LLC, Scopus Asset Management L.P., BlackRock Inc., Grantham Mayo Van Otterloo & Co. LLC, Scout Investments Inc., Sandbar Asset Management LLP, and Waddell & Reed Financial Inc.. Company insiders that have sold Timken company stock in the last year include Christopher A Coughlin, Philip D Fracassa, Richard G Kyle, Ronald J Myers, and Shelly Marie Chadwick. View insider buying and selling activity for Timken.

Which major investors are buying Timken stock?

TKR stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Deutsche Bank AG, Balyasny Asset Management LLC, Parametric Portfolio Associates LLC, Matarin Capital Management LLC, Ensign Peak Advisors Inc, and Invesco Ltd.. Company insiders that have bought Timken stock in the last two years include Frank C Sullivan, John M Timken Jr, and Shelly Marie Chadwick. View insider buying and selling activity for Timken.

How do I buy shares of Timken?

Shares of TKR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Timken's stock price today?

One share of TKR stock can currently be purchased for approximately $42.23.

How big of a company is Timken?

Timken has a market capitalization of $3.17 billion and generates $3.79 billion in revenue each year. The industrial products company earns $362.10 million in net income (profit) each year or $4.60 on an earnings per share basis. Timken employs 18,000 workers across the globe.

What is Timken's official website?

The official website for Timken is www.timken.com.

How can I contact Timken?

Timken's mailing address is 4500 MT. PLEASANT ST. NW, NORTH CANTON OH, 44720. The industrial products company can be reached via phone at 234-262-3000 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff