Timken Co (NYSE:TKR) Director Jacqueline F. Woods sold 3,350 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $45.12, for a total value of $151,152.00. Following the completion of the sale, the director now owns 15,878 shares of the company’s stock, valued at $716,415.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Timken Co (NYSE:TKR) opened at $46.70 on Friday. The stock has a market capitalization of $3,594.29, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.23 and a beta of 1.44. Timken Co has a one year low of $41.78 and a one year high of $55.65. The company has a quick ratio of 1.13, a current ratio of 2.23 and a debt-to-equity ratio of 0.58.
Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The business had revenue of $778.00 million during the quarter, compared to the consensus estimate of $767.98 million. Timken had a return on equity of 14.55% and a net margin of 6.77%. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. equities analysts predict that Timken Co will post 3.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.31%. Timken’s payout ratio is 42.02%.
Several analysts recently issued reports on TKR shares. Longbow Research upgraded Timken from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 2nd. Jefferies Group upgraded Timken from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Zacks Investment Research downgraded Timken from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Stifel Nicolaus reduced their price target on Timken from $53.00 to $52.00 and set a “hold” rating for the company in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Timken has a consensus rating of “Hold” and an average target price of $52.25.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Timken by 3.3% during the 4th quarter. BlackRock Inc. now owns 5,734,858 shares of the industrial products company’s stock valued at $281,869,000 after acquiring an additional 183,777 shares during the period. Boston Partners lifted its position in shares of Timken by 3.8% during the 4th quarter. Boston Partners now owns 2,405,305 shares of the industrial products company’s stock valued at $118,221,000 after acquiring an additional 88,955 shares during the period. Earnest Partners LLC lifted its position in shares of Timken by 1.3% during the 3rd quarter. Earnest Partners LLC now owns 1,995,646 shares of the industrial products company’s stock valued at $96,889,000 after acquiring an additional 25,770 shares during the period. State Street Corp lifted its position in shares of Timken by 0.5% during the 2nd quarter. State Street Corp now owns 1,922,313 shares of the industrial products company’s stock valued at $88,912,000 after acquiring an additional 9,601 shares during the period. Finally, Anchor Bolt Capital LP lifted its position in shares of Timken by 171.8% during the 4th quarter. Anchor Bolt Capital LP now owns 1,156,766 shares of the industrial products company’s stock valued at $56,855,000 after acquiring an additional 731,141 shares during the period. Hedge funds and other institutional investors own 77.26% 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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