The Timken Company (TKR) To Go Ex-Dividend on February 25th

The Timken Company (NYSE:TKR) announced a quarterly dividend on Friday, February 14th, RTT News reports. Investors of record on Tuesday, February 25th will be paid a dividend of 0.34 per share by the industrial products company on Friday, March 7th. This represents a $1.36 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, February 25th.

Timken has increased its dividend payment by an average of 4.3% per year over the last three years and has increased its dividend every year for the last 11 years. Timken has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Timken to earn $6.71 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 20.3%.

Timken Stock Performance

Timken stock opened at $81.26 on Friday. The firm has a 50 day simple moving average of $76.61 and a 200-day simple moving average of $79.32. Timken has a 1-year low of $69.35 and a 1-year high of $94.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.51 and a beta of 1.39.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. On average, analysts expect that Timken will post 5.62 EPS for the current year.

Insider Transactions at Timken

In other news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the transaction, the chief financial officer now owns 90,541 shares of the company’s stock, valued at $7,379,091.50. The trade was a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on TKR shares. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $95.00 in a research note on Friday, December 6th. Bank of America upgraded shares of Timken from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $73.00 to $78.00 in a research report on Tuesday, February 4th. Morgan Stanley lifted their target price on shares of Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. KeyCorp restated a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Finally, Evercore ISI lifted their price target on shares of Timken from $91.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.70.

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.