Timken Company (The) (NYSE:TKR) Stock Has Average Target Price of $145.00

Shares of Timken Company (The) (NYSE:TKR) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $141.90.

TKR has been the subject of several research reports. Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $129.00 to $135.00 in a research note on Tuesday, September 1st. JPMorgan Chase & Co. upped their price objective on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. KeyCorp upped their target price on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Oppenheimer restated an “outperform” rating and issued a $150.00 target price on shares of Timken in a research note on Thursday, October 1st. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $126.00 price target on shares of Timken in a research report on Thursday.

Insider Transactions at Timken

In related news, Director Richard Kyle sold 13,637 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the transaction, the director directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.10% of the company’s stock.

Institutional Trading of Timken

Several hedge funds have recently bought and sold shares of TKR. BlackRock Inc. acquired a new position in shares of Timken during the second quarter worth $869,997,000. Dimensional Fund Advisors LP grew its holdings in shares of Timken by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock valued at $290,320,000 after purchasing an additional 214,845 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Timken during the 2nd quarter worth about $140,755,000. William Blair Investment Management LLC purchased a new stake in Timken during the 2nd quarter valued at about $138,757,000. Finally, Nykredit A S acquired a new stake in Timken in the 2nd quarter valued at $108,692,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Stock Up 2.1%

Timken stock opened at $102.05 on Friday. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.26 and a beta of 1.19. The firm has a 50 day moving average price of $115.51 and a two-hundred day moving average price of $117.45. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. Timken has a 52-week low of $73.62 and a 52-week high of $146.37.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, November 4th. The industrial products company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted $1.37 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Timken will post 6.27 EPS for the current year.

Timken Company Profile

Timken is an industrial manufacturer that designs and produces engineered bearings and power transmission products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, gears, belts, chains, couplings, and other components used to manage friction, motion, and power transmission.

The company serves customers across a range of industries, including industrial machinery, renewable energy, transportation, aerospace, defense, agriculture, construction, and energy.