Brokerages Set Timken Company (The) (NYSE:TKR) Price Target at $85.30

Shares of Timken Company (The) (NYSE:TKR) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $85.30.

Several research firms have recently issued reports on TKR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. Citigroup increased their target price on Timken from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $88.00 price target on shares of Timken in a report on Thursday, October 30th. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, DA Davidson lifted their price objective on Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd.

Insider Activity

In related news, Director Richard G. Kyle sold 15,837 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total transaction of $1,283,272.11. Following the transaction, the director owned 266,942 shares of the company’s stock, valued at approximately $21,630,310.26. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TKR. Royal Bank of Canada boosted its holdings in shares of Timken by 44.2% during the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock worth $6,508,000 after purchasing an additional 27,750 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Timken by 147.0% during the first quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock worth $25,569,000 after buying an additional 211,718 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Timken by 7.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock worth $16,305,000 after buying an additional 16,000 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Timken by 664.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,208 shares of the industrial products company’s stock valued at $88,000 after buying an additional 1,050 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in shares of Timken during the 2nd quarter valued at about $234,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Stock Performance

TKR opened at $94.98 on Thursday. Timken has a 1-year low of $56.20 and a 1-year high of $95.31. The stock has a market cap of $6.62 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.82 and a beta of 1.21. The stock’s 50 day simple moving average is $87.78 and its 200 day simple moving average is $80.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.11 and a quick ratio of 1.71.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 25th. Timken’s payout ratio is currently 33.10%.

Timken Company Profile

The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products. Its core offerings include tapered and cylindrical roller bearings, spherical and plain bearings, mounted bearing units, and precision gear drives. Timken’s products serve a broad range of industries, from industrial machinery and aerospace to automotive, rail, wind energy and heavy equipment.

Beyond bearings, Timken’s portfolio extends to industrial chains, belts, couplings and related components designed to optimize power transmission systems.