The Timken Company (NYSE:TKR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Timken Company (NYSE:TKR) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $91.60.

A number of brokerages have recently commented on TKR. KeyCorp reaffirmed a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and upped their price target for the company from $87.00 to $91.00 in a report on Wednesday, November 13th. Oppenheimer decreased their price objective on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Bank of America upgraded Timken from an “underperform” rating to a “neutral” rating and upped their target price for the company from $73.00 to $78.00 in a research note on Tuesday, February 4th. Finally, Morgan Stanley lifted their price target on shares of Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday.

Insider Buying and Selling at Timken

In other news, CFO Philip D. Fracassa sold 5,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the sale, the chief financial officer now owns 90,541 shares of the company’s stock, valued at approximately $7,379,091.50. This represents a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Timken

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TKR. UMB Bank n.a. raised its stake in shares of Timken by 64.1% in the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 168 shares during the last quarter. Inspire Investing LLC increased its holdings in Timken by 12.2% during the 3rd quarter. Inspire Investing LLC now owns 4,901 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 534 shares in the last quarter. Creative Planning raised its position in Timken by 11.1% in the 3rd quarter. Creative Planning now owns 10,138 shares of the industrial products company’s stock valued at $855,000 after purchasing an additional 1,015 shares during the last quarter. NBC Securities Inc. boosted its stake in Timken by 1.6% in the third quarter. NBC Securities Inc. now owns 11,531 shares of the industrial products company’s stock worth $971,000 after purchasing an additional 177 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Timken during the third quarter worth $421,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Stock Performance

TKR opened at $82.08 on Thursday. Timken has a 12-month low of $69.35 and a 12-month high of $94.71. The company has a quick ratio of 1.62, a current ratio of 3.07 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $5.76 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39. The stock’s 50 day moving average price is $75.74 and its two-hundred day moving average price is $79.35.

Timken (NYSE:TKR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. On average, equities analysts forecast that Timken will post 5.6 earnings per share for the current year.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.