Timken Co (NYSE:TKR) has earned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $54.04.
Several brokerages have recently weighed in on TKR. ValuEngine upgraded shares of Timken from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Timken from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Finally, Bank of America upgraded shares of Timken from a “neutral” rating to a “buy” rating and upped their target price for the company from $45.00 to $50.00 in a research note on Monday, December 3rd.
Shares of TKR stock traded up $0.07 on Wednesday, hitting $42.03. The stock had a trading volume of 383,350 shares, compared to its average volume of 705,013. The company has a market capitalization of $3.23 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.59 and a beta of 1.77. The company has a current ratio of 2.53, a quick ratio of 1.31 and a debt-to-equity ratio of 1.00. Timken has a 52-week low of $33.98 and a 52-week high of $52.45.
Timken (NYSE:TKR) last announced its earnings results on Thursday, February 7th. The industrial products company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.01). The firm had revenue of $910.10 million during the quarter, compared to analysts’ expectations of $924.65 million. Timken had a net margin of 8.46% and a return on equity of 20.54%. Timken’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 earnings per share. Equities research analysts predict that Timken will post 4.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Wednesday, February 20th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $1.12 dividend on an annualized basis and a yield of 2.66%. Timken’s dividend payout ratio (DPR) is 26.79%.
A number of hedge funds and other institutional investors have recently bought and sold shares of TKR. California Public Employees Retirement System boosted its stake in Timken by 9.6% during the 2nd quarter. California Public Employees Retirement System now owns 205,508 shares of the industrial products company’s stock valued at $8,950,000 after acquiring an additional 17,916 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Timken by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 999,145 shares of the industrial products company’s stock valued at $43,512,000 after acquiring an additional 12,134 shares during the last quarter. Northern Trust Corp boosted its stake in Timken by 11.2% during the 2nd quarter. Northern Trust Corp now owns 646,928 shares of the industrial products company’s stock valued at $28,173,000 after acquiring an additional 64,962 shares during the last quarter. United Services Automobile Association boosted its stake in Timken by 221.3% during the 2nd quarter. United Services Automobile Association now owns 88,706 shares of the industrial products company’s stock valued at $3,863,000 after acquiring an additional 61,100 shares during the last quarter. Finally, Iberiabank Corp bought a new position in Timken during the 3rd quarter valued at $237,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.
The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. It operates through two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and 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.
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