Timken Co (NYSE:TKR) CAO Shelly Marie Chadwick Buys 1,183 Shares

Timken Co (NYSE:TKR) CAO Shelly Marie Chadwick purchased 1,183 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were acquired at an average cost of $52.73 per share, for a total transaction of $62,379.59.

NYSE TKR opened at $53.65 on Friday. The firm has a market cap of $3.97 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.38 and a beta of 1.81. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.57 and a quick ratio of 1.42. The stock’s 50-day moving average is $45.49 and its 200-day moving average is $45.83. Timken Co has a one year low of $33.98 and a one year high of $54.52.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.04). The business had revenue of $914.00 million for the quarter, compared to analyst estimates of $945.87 million. Timken had a return on equity of 21.12% and a net margin of 8.11%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 EPS. Equities analysts anticipate that Timken Co will post 4.72 EPS for the current year.

A number of equities research analysts have recently commented on the company. ValuEngine raised Timken from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 31st. Goldman Sachs Group raised Timken from a “neutral” rating to a “buy” rating and raised their price target for the stock from $55.00 to $56.00 in a research report on Tuesday, July 16th. Zacks Investment Research lowered Timken from a “hold” rating to a “strong sell” rating and set a $56.00 price target on the stock. in a research report on Tuesday, November 5th. Bank of America lowered Timken from a “neutral” rating to an “underperform” rating and set a $41.00 price target on the stock. in a research report on Thursday, September 26th. Finally, Morgan Stanley set a $52.00 price target on Timken and gave the stock a “hold” rating in a research report on Friday, November 1st. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $51.25.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Timken by 0.6% during the second quarter. Vanguard Group Inc. now owns 6,465,944 shares of the industrial products company’s stock worth $331,961,000 after buying an additional 35,795 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Timken by 1.0% during the second quarter. BlackRock Inc. now owns 6,294,669 shares of the industrial products company’s stock worth $323,168,000 after buying an additional 64,489 shares in the last quarter. Boston Partners grew its holdings in shares of Timken by 5.3% during the second quarter. Boston Partners now owns 2,328,332 shares of the industrial products company’s stock worth $119,344,000 after buying an additional 117,943 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Timken by 0.8% during the second quarter. Earnest Partners LLC now owns 1,951,019 shares of the industrial products company’s stock worth $100,165,000 after buying an additional 14,670 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Timken by 4.5% during the third quarter. Russell Investments Group Ltd. now owns 1,506,293 shares of the industrial products company’s stock worth $65,539,000 after buying an additional 65,205 shares in the last quarter. Institutional investors and hedge funds own 78.44% of the company’s stock.

Timken Company Profile

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.

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