Timken Company (The) (TKR) Receives Consensus Rating of “Hold” from Brokerages

Timken Company (The) (NYSE:TKR) has been given an average rating of “Hold” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $46.00.

A number of research analysts recently commented on TKR shares. BidaskClub lowered shares of Timken Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and set a $45.00 price objective on shares of Timken Company (The) in a research note on Tuesday, April 18th. Zacks Investment Research lowered shares of Timken Company (The) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $53.00 price target on shares of Timken Company (The) in a research report on Friday, June 30th.

In other Timken Company (The) news, Director Jacqueline F. Woods sold 1,300 shares of Timken Company (The) stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $46.02, for a total transaction of $59,826.00. Following the completion of the sale, the director now owns 19,249 shares of the company’s stock, valued at approximately $885,838.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.08% of the company’s stock.

Several large investors have recently modified their holdings of TKR. World Asset Management Inc raised its stake in Timken Company (The) by 0.3% in the first quarter. World Asset Management Inc now owns 5,194 shares of the industrial products company’s stock valued at $235,000 after buying an additional 18 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Timken Company (The) by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 5,618 shares of the industrial products company’s stock valued at $260,000 after buying an additional 26 shares during the last quarter. Honkamp Krueger Financial Services Inc. raised its stake in Timken Company (The) by 0.6% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 6,510 shares of the industrial products company’s stock valued at $301,000 after buying an additional 41 shares during the last quarter. OppenheimerFunds Inc. raised its stake in Timken Company (The) by 0.4% in the first quarter. OppenheimerFunds Inc. now owns 14,570 shares of the industrial products company’s stock valued at $659,000 after buying an additional 64 shares during the last quarter. Finally, M&T Bank Corp raised its stake in Timken Company (The) by 1.0% in the first quarter. M&T Bank Corp now owns 8,119 shares of the industrial products company’s stock valued at $367,000 after buying an additional 80 shares during the last quarter. 76.94% of the stock is owned by institutional investors.

Timken Company (TKR) traded down 0.22% during mid-day trading on Friday, hitting $44.90. The stock had a trading volume of 109,973 shares. Timken Company has a 12-month low of $31.60 and a 12-month high of $51.75. The company has a 50-day moving average of $46.62 and a 200-day moving average of $45.57. The firm has a market cap of $3.50 billion, a PE ratio of 22.28 and a beta of 1.38.

Timken Company (The) (NYSE:TKR) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $750.60 million for the quarter, compared to analysts’ expectations of $716.50 million. Timken Company (The) had a return on equity of 12.73% and a net margin of 5.98%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 earnings per share. Analysts expect that Timken Company will post $2.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, August 18th. Timken Company (The)’s dividend payout ratio (DPR) is currently 51.67%.

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About Timken Company (The)

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

Analyst Recommendations for Timken Company (The) (NYSE:TKR)

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