Analysts Set Timken Co (TKR) Price Target at $54.83

Shares of Timken Co (NYSE:TKR) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $54.83.

A number of research firms have recently weighed in on TKR. ValuEngine lowered Timken from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research raised Timken from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, May 3rd.

NYSE:TKR traded down $0.66 during trading hours on Friday, reaching $45.86. 515,592 shares of the stock were exchanged, compared to its average volume of 734,499. The company has a quick ratio of 1.58, a current ratio of 2.81 and a debt-to-equity ratio of 1.07. Timken has a twelve month low of $33.98 and a twelve month high of $52.45. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.94 and a beta of 1.77.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. Timken had a return on equity of 21.51% and a net margin of 8.55%. The business had revenue of $979.70 million for the quarter, compared to analyst estimates of $983.81 million. During the same quarter in the prior year, the company earned $1.01 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts expect that Timken will post 5.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Wednesday, May 22nd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, May 21st. Timken’s dividend payout ratio (DPR) is presently 26.79%.

In related news, EVP Ronald J. Myers sold 13,191 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $50.77, for a total value of $669,707.07. Following the transaction, the executive vice president now owns 18,987 shares of the company’s stock, valued at $963,969.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shelly Marie Chadwick sold 2,400 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $51.44, for a total value of $123,456.00. Following the completion of the transaction, the insider now directly owns 1,443 shares in the company, valued at approximately $74,227.92. The disclosure for this sale can be found here. Corporate insiders own 11.58% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Utah Retirement Systems grew its holdings in shares of Timken by 1.7% during the first quarter. Utah Retirement Systems now owns 12,941 shares of the industrial products company’s stock worth $564,000 after purchasing an additional 217 shares during the last quarter. Beese Fulmer Investment Management Inc. grew its holdings in shares of Timken by 0.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 25,548 shares of the industrial products company’s stock worth $953,000 after purchasing an additional 236 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Timken by 22.4% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,555 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 285 shares during the last quarter. Huntington National Bank grew its holdings in shares of Timken by 5.6% during the first quarter. Huntington National Bank now owns 5,887 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 312 shares during the last quarter. Finally, Mondrian Investment Partners LTD grew its holdings in shares of Timken by 0.4% during the fourth quarter. Mondrian Investment Partners LTD now owns 100,363 shares of the industrial products company’s stock worth $3,746,000 after purchasing an additional 359 shares during the last quarter. 77.41% of the stock is currently owned by hedge funds and other institutional investors.

About Timken

The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

Further Reading: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for Timken (NYSE:TKR)

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