Shares of Timken Company (The) (NYSE:TKR) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $47.50.
TKR has been the subject of a number of research analyst reports. ValuEngine upgraded Timken Company (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Timken Company (The) from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Wednesday, July 26th. Stifel Nicolaus increased their price target on Timken Company (The) from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price target on shares of Timken Company (The) in a research note on Tuesday, April 18th.
Shares of Timken Company (NYSE:TKR) opened at 44.70 on Friday. Timken Company has a 12-month low of $31.60 and a 12-month high of $51.75. The company has a 50-day moving average price of $46.62 and a 200 day moving average price of $45.57. The company has a market capitalization of $3.48 billion, a P/E ratio of 22.18 and a beta of 1.38.
Timken Company (The) (NYSE:TKR) last issued its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Timken Company (The) had a return on equity of 12.73% and a net margin of 5.98%. The firm had revenue of $750.60 million during the quarter, compared to analysts’ expectations of $716.50 million. During the same period in the prior year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities analysts anticipate that Timken Company will post $2.56 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Timken Company (The) (NYSE:TKR) Receives $47.50 Average Target Price from Brokerages” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://stocknewstimes.com/2017/08/07/timken-company-the-nysetkr-receives-47-50-average-target-price-from-brokerages.html.
In other news, EVP William R. Burkhart sold 32,580 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $47.94, for a total value of $1,561,885.20. Following the completion of the transaction, the executive vice president now directly owns 55,640 shares in the company, valued at $2,667,381.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jacqueline F. Woods sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $46.02, for a total value of $59,826.00. Following the completion of the transaction, the director now owns 19,249 shares of the company’s stock, valued at $885,838.98. The disclosure for this sale can be found here. Company insiders own 11.08% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Asset Management Co. boosted its position in shares of Timken Company (The) by 5.2% in the first quarter. Capstone Asset Management Co. now owns 5,475 shares of the industrial products company’s stock valued at $247,000 after buying an additional 270 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Timken Company (The) by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the industrial products company’s stock valued at $796,000 after buying an additional 300 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of Timken Company (The) during the first quarter valued at about $388,000. Columbus Circle Investors boosted its position in shares of Timken Company (The) by 102.7% in the first quarter. Columbus Circle Investors now owns 451,777 shares of the industrial products company’s stock valued at $20,420,000 after buying an additional 228,942 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Timken Company (The) by 11.5% in the first quarter. Retirement Systems of Alabama now owns 143,899 shares of the industrial products company’s stock valued at $6,504,000 after buying an additional 14,855 shares during the last quarter. Hedge funds and other institutional investors own 76.94% of the company’s stock.
About Timken Company (The)
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.
Receive News & Ratings for Timken Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.
