Timken (NYSE:TKR) Price Target Increased to $100.00 by Analysts at Stifel Nicolaus

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

Several other equities analysts have also recently issued reports on the company. The Goldman Sachs Group boosted their target price on Timken from $78.00 to $87.00 and gave the stock a neutral rating in a research report on Tuesday, February 6th. Evercore ISI cut Timken from an outperform rating to an in-line rating and set a $84.00 price objective for the company. in a research report on Tuesday, February 20th. Morgan Stanley started coverage on shares of Timken in a research note on Monday, January 8th. They set an equal weight rating and a $74.00 price target on the stock. StockNews.com cut shares of Timken from a buy rating to a hold rating in a research note on Wednesday, February 21st. Finally, Oppenheimer restated an outperform rating and set a $100.00 target price (up from $97.00) on shares of Timken in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $87.09.

Timken Price Performance

Timken stock opened at $89.51 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.87 and a quick ratio of 0.96. The business has a 50 day simple moving average of $85.95 and a 200-day simple moving average of $79.84. 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 PE ratio of 17.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.51.

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

Timken Announces Dividend

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

Institutional Trading of Timken

A number of institutional investors have recently modified their holdings of TKR. Norges Bank acquired a new stake in Timken in the 4th quarter valued at $56,995,000. Fiduciary Management Inc. WI boosted its position in shares of Timken by 94.7% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,133,076 shares of the industrial products company’s stock worth $90,816,000 after buying an additional 551,097 shares during the period. Provident Investment Management Inc. acquired a new stake in shares of Timken in the third quarter valued at about $23,408,000. Stansberry Asset Management LLC purchased a new stake in shares of Timken during the 3rd quarter valued at about $16,422,000. Finally, Atlantic Investment Management Inc. lifted its position in Timken by 69.4% during the 3rd quarter. Atlantic Investment Management Inc. now owns 520,093 shares of the industrial products company’s stock worth $38,222,000 after acquiring an additional 213,000 shares in the last quarter. 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.