Brokerages Set The Timken Company (NYSE:TKR) PT at $92.70

The Timken Company (NYSE:TKR) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $92.70.

Several analysts have commented on the stock. Morgan Stanley raised their price objective on shares of Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. KeyCorp reiterated a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. Bank of America upgraded shares of Timken from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $73.00 to $78.00 in a report on Tuesday, February 4th. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and lifted their target price for the company from $80.00 to $95.00 in a report on Friday, December 6th. Finally, Citigroup lowered their target price on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th.

Timken Stock Performance

Shares of TKR opened at $74.58 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61. Timken has a one year low of $69.35 and a one year high of $94.71. The company has a 50-day simple moving average of $78.09 and a two-hundred day simple moving average of $78.77. The firm has a market capitalization of $5.22 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37.

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 anticipate that Timken will post 5.62 EPS for the current fiscal year.

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Tuesday, February 25th. Timken’s dividend payout ratio (DPR) is currently 27.25%.

Insider Activity at Timken

In other Timken 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 completion of the sale, the chief financial officer now owns 90,541 shares of the company’s stock, valued at approximately $7,379,091.50. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Timken

Large investors have recently added to or reduced their stakes in the stock. Coastline Trust Co bought a new stake in Timken in the 3rd quarter worth approximately $29,000. Fairway Wealth LLC bought a new stake in Timken in the 4th quarter worth approximately $29,000. Amundi grew its position in Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 174 shares during the period. Parvin Asset Management LLC bought a new stake in Timken in the 4th quarter worth approximately $66,000. Finally, Brooklyn Investment Group purchased a new position in shares of Timken during the 3rd quarter worth $74,000. Institutional investors own 89.08% of the company’s stock.

About Timken

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.