Timken Co (NYSE:TKR) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $51.33.
A number of brokerages recently issued reports on TKR. Jefferies Group reiterated a “hold” rating and issued a $50.00 price target on shares of Timken in a report on Thursday, October 26th. Zacks Investment Research upgraded Timken from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Thursday, September 28th. Finally, Longbow Research upgraded Timken from a “neutral” rating to a “buy” rating in a report on Tuesday.
Shares of Timken (NYSE:TKR) traded up $0.50 during trading hours on Tuesday, hitting $51.10. The company’s stock had a trading volume of 320,559 shares, compared to its average volume of 622,318. Timken has a fifty-two week low of $40.95 and a fifty-two week high of $53.10. The stock has a market capitalization of $3,970.00, a price-to-earnings ratio of 20.36, a PEG ratio of 1.42 and a beta of 1.50. The company has a quick ratio of 1.38, a current ratio of 2.59 and a debt-to-equity ratio of 0.66.
Timken (NYSE:TKR) last announced its earnings results on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $771.40 million during the quarter, compared to analyst estimates of $758.91 million. Timken had a return on equity of 13.75% and a net margin of 6.88%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. analysts expect that Timken will post 2.62 earnings per share for the current fiscal year.
In related news, insider Richard G. Kyle sold 9,242 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $49.75, for a total value of $459,789.50. Following the completion of the sale, the insider now owns 89,236 shares in the company, valued at $4,439,491. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.08% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Timken by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,244 shares of the industrial products company’s stock worth $474,000 after buying an additional 47 shares during the period. Sterling Capital Management LLC lifted its holdings in Timken by 0.3% during the second quarter. Sterling Capital Management LLC now owns 18,698 shares of the industrial products company’s stock worth $865,000 after buying an additional 47 shares during the period. Neuberger Berman Group LLC lifted its holdings in Timken by 1.9% during the second quarter. Neuberger Berman Group LLC now owns 9,734 shares of the industrial products company’s stock worth $450,000 after buying an additional 182 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Timken by 2.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,248 shares of the industrial products company’s stock worth $520,000 after buying an additional 229 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Timken by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 10,006 shares of the industrial products company’s stock worth $463,000 after buying an additional 270 shares during the period. Institutional investors own 79.05% of the company’s stock.
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Timken Company Profile
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.
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