The Timken Company (NYSE:TKR) Given Consensus Recommendation of “Moderate Buy” by Analysts

The Timken Company (NYSE:TKR) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $91.60.

TKR has been the subject of a number of analyst reports. Citigroup lowered their price target on Timken from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. KeyCorp reissued a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Jefferies Financial Group raised Timken from a “hold” rating to a “buy” rating and increased their price target for the company from $80.00 to $95.00 in a research report on Friday, December 6th. Oppenheimer lowered their price target on Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, DA Davidson reduced their price objective on Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th.

Insider Buying and Selling at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $81.50, for a total transaction of $407,500.00. Following the transaction, the chief financial officer now directly owns 90,541 shares of the company’s stock, valued at approximately $7,379,091.50. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Timken

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Timken by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company’s stock valued at $461,461,000 after purchasing an additional 26,973 shares in the last quarter. American Century Companies Inc. raised its stake in Timken by 11.3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company’s stock valued at $225,436,000 after buying an additional 320,354 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Timken by 4.2% during the third quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company’s stock valued at $225,880,000 after buying an additional 107,350 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Timken by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,233,493 shares of the industrial products company’s stock valued at $159,403,000 after buying an additional 124,676 shares during the last quarter. Finally, State Street Corp raised its stake in Timken by 3.5% during the third quarter. State Street Corp now owns 1,953,838 shares of the industrial products company’s stock valued at $164,689,000 after buying an additional 66,208 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Price Performance

Shares of NYSE:TKR opened at $83.09 on Thursday. The company has a quick ratio of 1.62, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. Timken has a twelve month low of $69.35 and a twelve month high of $94.71. The stock’s 50 day moving average is $76.10 and its 200-day moving average is $79.26. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.21 and a beta of 1.39.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. Sell-side analysts forecast that Timken will post 5.6 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.64%. Timken’s payout ratio is currently 27.25%.

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.