News coverage about Timken (NYSE:TKR) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Timken earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 47.3739863422332 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Several equities research analysts recently commented on the company. Zacks Investment Research raised Timken from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Tuesday, January 23rd. Jefferies Group raised Timken from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Longbow Research raised Timken from a “neutral” rating to a “buy” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus cut their price target on Timken from $53.00 to $52.00 and set a “hold” rating for the company in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $52.25.
Timken (TKR) traded down $0.05 during mid-day trading on Wednesday, reaching $44.35. The company’s stock had a trading volume of 200,434 shares, compared to its average volume of 818,108. Timken has a one year low of $41.78 and a one year high of $55.65. The firm has a market capitalization of $3,450.08, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.13 and a current ratio of 2.23.
Timken (NYSE:TKR) last released its earnings results on Wednesday, February 7th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $778.00 million during the quarter, compared to analyst estimates of $767.98 million. Timken had a return on equity of 14.55% and a net margin of 6.77%. Timken’s revenue was up 18.8% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. analysts predict that Timken will post 3.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.08 dividend on an annualized basis and a yield of 2.44%. Timken’s dividend payout ratio (DPR) is presently 42.02%.
In related news, insider Richard G. Kyle sold 9,242 shares of Timken stock in a transaction 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 transaction, the insider now directly owns 89,236 shares in the company, valued at $4,439,491. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.08% of the company’s stock.
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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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