Analysts Set Timken Company (The) (NYSE:TKR) PT at $85.30

Shares of Timken Company (The) (NYSE:TKR) have earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat reports. Seven research 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 covered the stock in the last year is $85.30.

A number of equities research analysts have recently commented on TKR shares. Citigroup increased their price target on shares of Timken from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 target price on shares of Timken in a research note on Thursday, October 30th. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Wednesday, January 21st. Finally, Oppenheimer lifted their price objective on Timken from $90.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, January 26th.

Timken Price Performance

Shares of NYSE:TKR opened at $93.10 on Thursday. The business has a fifty day moving average price of $87.48 and a 200-day moving average price of $80.56. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.11 and a quick ratio of 1.71. The company has a market capitalization of $6.49 billion, a PE ratio of 22.01, a PEG ratio of 1.84 and a beta of 1.21. Timken has a 1-year low of $56.20 and a 1-year high of $95.19.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.12. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Timken had a net margin of 6.54% and a return on equity of 11.88%. Timken’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 EPS. As a group, equities analysts expect that Timken will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were paid a $0.35 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. Timken’s payout ratio is currently 33.10%.

Insider Buying and Selling at Timken

In related news, Director Richard G. Kyle sold 15,837 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total transaction of $1,283,272.11. Following the transaction, the director owned 266,942 shares in the company, valued at $21,630,310.26. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Timken

A number of hedge funds have recently added to or reduced their stakes in TKR. UBS Group AG boosted its stake in shares of Timken by 734.7% in the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after buying an additional 2,012,352 shares during the last quarter. Cooke & Bieler LP lifted its holdings in Timken by 341.0% in the second quarter. Cooke & Bieler LP now owns 1,106,981 shares of the industrial products company’s stock valued at $80,311,000 after acquiring an additional 855,961 shares during the period. Invesco Ltd. boosted its position in Timken by 124.5% in the third quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock worth $102,106,000 after purchasing an additional 753,275 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Timken by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock valued at $278,968,000 after purchasing an additional 455,050 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Timken by 57.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,107,778 shares of the industrial products company’s stock valued at $80,369,000 after purchasing an additional 403,629 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

About Timken

The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products. Its core offerings include tapered and cylindrical roller bearings, spherical and plain bearings, mounted bearing units, and precision gear drives. Timken’s products serve a broad range of industries, from industrial machinery and aerospace to automotive, rail, wind energy and heavy equipment.

Beyond bearings, Timken’s portfolio extends to industrial chains, belts, couplings and related components designed to optimize power transmission systems.