Stifel Nicolaus Raises Timken (NYSE:TKR) Price Target to $100.00

Timken (NYSE:TKR) had its price target hoisted by Stifel Nicolaus from $92.00 to $100.00 in a research note published on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

TKR has been the topic of several other research reports. Morgan Stanley assumed coverage on shares of Timken in a report on Monday, January 8th. They set an equal weight rating and a $74.00 price target on the stock. Evercore ISI downgraded Timken from an outperform rating to an in-line rating and set a $84.00 price objective on the stock. in a research report on Tuesday, February 20th. DA Davidson began coverage on Timken in a research report on Tuesday, January 23rd. They set a buy rating and a $92.00 target price for the company. The Goldman Sachs Group boosted their price target on Timken from $78.00 to $87.00 and gave the stock a neutral rating in a report on Tuesday, February 6th. Finally, Oppenheimer reaffirmed an outperform rating and set a $100.00 price objective (up from $97.00) on shares of Timken in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Timken currently has a consensus rating of Hold and a consensus target price of $87.09.

Timken Trading Up 0.4 %

Shares of TKR stock opened at $89.51 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66. Timken has a 12-month low of $65.71 and a 12-month high of $95.08. The stock has a market capitalization of $6.30 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.19 and a beta of 1.51. The firm’s 50 day moving average is $85.95 and its 200 day moving average is $79.84.

Timken (NYSE:TKR) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.27. Timken had a return on equity of 17.98% and a net margin of 7.99%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm posted $2.09 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. Research analysts expect that Timken will post 6.13 earnings per share for the current year.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Tuesday, February 20th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, February 16th. Timken’s dividend payout ratio (DPR) is currently 25.14%.

Hedge Funds Weigh In On Timken

A number of large investors have recently bought and sold shares of TKR. Avidian Wealth Solutions LLC bought a new stake in Timken during the 1st quarter valued at about $235,000. Fidelis Capital Partners LLC purchased a new position in shares of Timken during the first quarter worth approximately $26,000. BNP Paribas bought a new stake in shares of Timken during the first quarter valued at approximately $1,144,000. Janney Montgomery Scott LLC boosted its holdings in shares of Timken by 6.4% in the first quarter. Janney Montgomery Scott LLC now owns 106,932 shares of the industrial products company’s stock valued at $9,349,000 after purchasing an additional 6,398 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in Timken in the first quarter worth approximately $531,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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.