The Timken Company (NYSE:TKR) Receives Average Rating of “Hold” from Brokerages

The Timken Company (NYSE:TKR) has received an average rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $78.50.

A number of equities research analysts recently weighed in on TKR shares. Loop Capital lowered their price objective on shares of Timken from $85.00 to $65.00 and set a “hold” rating for the company in a research report on Thursday, April 17th. Citigroup boosted their price objective on shares of Timken from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Morgan Stanley lowered their price objective on shares of Timken from $94.00 to $88.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Oppenheimer lowered their price objective on shares of Timken from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Finally, Bank of America upgraded shares of Timken from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th.

Timken Price Performance

Shares of NYSE:TKR opened at $69.57 on Friday. The company has a quick ratio of 1.61, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. Timken has a fifty-two week low of $56.20 and a fifty-two week high of $90.49. The firm has a 50-day simple moving average of $66.83 and a 200 day simple moving average of $73.13. The company has a market cap of $4.87 billion, a PE ratio of 13.94, a P/E/G ratio of 1.51 and a beta of 1.30.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.03). Timken had a net margin of 7.71% and a return on equity of 13.93%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company earned $1.77 EPS. Timken’s quarterly revenue was down 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that Timken will post 5.62 EPS for the current year.

Timken Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a $0.35 dividend. This is a boost from Timken’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.40 annualized dividend and a yield of 2.01%. Timken’s dividend payout ratio is 30.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Timken in the 4th quarter worth approximately $29,000. Amundi lifted its stake in shares of Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 174 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of Timken in the 4th quarter worth approximately $66,000. UMB Bank n.a. lifted its stake in shares of Timken by 400.0% in the 1st quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 800 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Timken by 282.3% in the 1st quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 847 shares during the period. 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.