The Timken Company (NYSE:TKR) Receives $87.91 Average Target Price from Analysts

Shares of The Timken Company (NYSE:TKR) have been given a consensus recommendation of “Hold” by the twelve research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $87.91.

TKR has been the topic of a number of analyst reports. Loop Capital lifted their target price on shares of Timken from $78.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Raymond James started coverage on shares of Timken in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Stifel Nicolaus lifted their price target on shares of Timken from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, KeyCorp lifted their price target on shares of Timken from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd.

Insider Activity at Timken

In related news, CFO Philip D. Fracassa sold 10,000 shares of Timken stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $89.76, for a total value of $897,600.00. Following the completion of the transaction, the chief financial officer now owns 105,541 shares in the company, valued at $9,473,360.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TKR. Fidelis Capital Partners LLC purchased a new position in Timken in the first quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its stake in Timken by 1,905.6% in the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 343 shares during the last quarter. Versant Capital Management Inc purchased a new position in Timken in the second quarter worth approximately $30,000. Livelsberger Financial Advisory purchased a new position in Timken in the fourth quarter worth approximately $30,000. Finally, GAMMA Investing LLC purchased a new position in Timken in the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Stock Performance

NYSE:TKR opened at $81.45 on Friday. The company has a current ratio of 2.95, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $82.97 and its 200-day moving average price is $84.54. Timken has a twelve month low of $65.71 and a twelve month high of $94.71. The company has a market cap of $5.71 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.81 and a beta of 1.46.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. Timken had a net margin of 7.52% and a return on equity of 16.36%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $2.01 earnings per share. Timken’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, sell-side analysts forecast that Timken will post 6.15 earnings per share for the current fiscal year.

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.