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

Shares of The Timken Company (NYSE:TKR) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $91.60.

Several brokerages have issued reports on TKR. Morgan Stanley boosted their target price on shares of Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday. 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 research report on Wednesday, November 13th. Jefferies Financial Group upgraded Timken from a “hold” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $95.00 in a research report on Friday, December 6th. Citigroup lowered their target price on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, KeyCorp reissued a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd.

Insider Activity at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at approximately $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Institutional Trading of Timken

A number of institutional investors and hedge funds have recently made changes to their positions in TKR. Landscape Capital Management L.L.C. bought a new position in shares of Timken in the 4th quarter valued at approximately $566,000. Foundry Partners LLC raised its position in shares of Timken by 6.5% in the fourth quarter. Foundry Partners LLC now owns 52,711 shares of the industrial products company’s stock valued at $3,762,000 after purchasing an additional 3,197 shares during the period. World Investment Advisors lifted its stake in shares of Timken by 9.4% in the fourth quarter. World Investment Advisors now owns 5,313 shares of the industrial products company’s stock worth $379,000 after buying an additional 458 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Timken during the 4th quarter worth $335,000. Finally, Pictet Asset Management Holding SA grew its stake in Timken by 15.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 10,292 shares of the industrial products company’s stock valued at $735,000 after buying an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Trading Down 0.0 %

Shares of TKR opened at $82.08 on Thursday. The business’s 50-day moving average price is $75.74 and its 200 day moving average price is $79.35. The company has a current ratio of 3.07, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $5.76 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.21 and a beta of 1.39. Timken has a 1-year low of $69.35 and a 1-year high of $94.71.

Timken (NYSE:TKR) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. Analysts expect 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.