The Timken Company (NYSE:TKR) Given Average Recommendation of “Buy” by Analysts

The Timken Company (NYSE:TKR) has earned a consensus rating of “Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $90.25.

A number of brokerages have recently weighed in on TKR. Evercore ISI dropped their price objective on shares of The Timken from $87.00 to $78.00 in a research note on Thursday. Jefferies Financial Group dropped their price objective on shares of The Timken from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Morgan Stanley dropped their price objective on shares of The Timken from $91.00 to $84.00 and set an “equal weight” rating for the company in a research note on Monday, August 9th.

Shares of TKR traded down $3.17 during mid-day trading on Friday, hitting $67.25. 1,007 shares of the company’s stock were exchanged, compared to its average volume of 557,322. The Timken has a fifty-two week low of $52.51 and a fifty-two week high of $92.39. The firm has a market capitalization of $5.13 billion, a P/E ratio of 14.53, a P/E/G ratio of 6.83 and a beta of 1.72. The business’s 50 day moving average is $75.25 and its two-hundred day moving average is $80.66. The company has a current ratio of 2.56, a quick ratio of 1.49 and a debt-to-equity ratio of 0.60.

The Timken (NYSE:TKR) last announced its earnings results on Sunday, August 1st. The industrial products company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.07). The Timken had a return on equity of 16.29% and a net margin of 9.29%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company posted $1.02 EPS. The Timken’s quarterly revenue was up 32.3% on a year-over-year basis. On average, equities research analysts forecast that The Timken will post 5.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 1.78%. The Timken’s dividend payout ratio (DPR) is currently 29.27%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of The Timken by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,597,113 shares of the industrial products company’s stock valued at $531,662,000 after purchasing an additional 123,742 shares during the last quarter. BlackRock Inc. increased its stake in The Timken by 8.6% during the 1st quarter. BlackRock Inc. now owns 6,026,064 shares of the industrial products company’s stock worth $489,137,000 after buying an additional 478,718 shares during the period. JPMorgan Chase & Co. increased its stake in The Timken by 12.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,616,792 shares of the industrial products company’s stock worth $210,887,000 after buying an additional 288,614 shares during the period. Earnest Partners LLC increased its position in shares of The Timken by 5.1% in the 1st quarter. Earnest Partners LLC now owns 2,333,041 shares of the industrial products company’s stock worth $189,373,000 after purchasing an additional 112,778 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of The Timken by 20.2% in the 2nd quarter. Franklin Resources Inc. now owns 2,315,183 shares of the industrial products company’s stock worth $186,581,000 after purchasing an additional 388,827 shares during the last quarter. Institutional investors own 80.33% of the company’s stock.

The Timken Company Profile

The Timken Co engages in the engineering, manufacturing and marketing of bearings and power transmission products. It offers gearboxes, belts, chain, lubrication systems, couplings, industrial clutches and brakes. It operates through the Mobile Industries and Process Industries segments. The Mobile Industries segment serves OEM customers that manufacture off-highway equipment for the agricultural, mining and construction markets; on-highway vehicles including passenger cars, light trucks, and medium- and heavy-duty trucks; rail cars and locomotives; outdoor power equipment; and rotorcraft and fixed-wing aircraft.

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Analyst Recommendations for The Timken (NYSE:TKR)

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