BidaskClub downgraded shares of Timken Company (The) (NYSE:TKR) from a buy rating to a hold rating in a report published on Tuesday, July 25th.
Other analysts have also recently issued reports about the company. Stifel Nicolaus boosted their price objective on Timken Company (The) from $46.00 to $53.00 and gave the company a buy rating in a research report on Friday, April 28th. Jefferies Group LLC restated a hold rating and set a $45.00 price objective on shares of Timken Company (The) in a research report on Tuesday, April 18th. Finally, Zacks Investment Research cut Timken Company (The) from a buy rating to a hold rating in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $46.83.
Shares of Timken Company (NYSE TKR) traded up 0.11% during mid-day trading on Tuesday, hitting $43.65. 568,345 shares of the stock traded hands. The stock has a market cap of $3.40 billion, a PE ratio of 21.66 and a beta of 1.38. Timken Company has a one year low of $31.60 and a one year high of $51.75. The stock has a 50-day moving average of $46.35 and a 200 day moving average of $45.59.
Timken Company (The) (NYSE:TKR) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.68 EPS 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 company had revenue of $750.60 million during the quarter, compared to analyst estimates of $716.50 million. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities analysts predict that Timken Company will post $2.57 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 22nd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Friday, August 18th. Timken Company (The)’s dividend payout ratio (DPR) is 51.67%.
In other Timken Company (The) news, Director Jacqueline F. Woods sold 1,300 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $46.02, for a total value of $59,826.00. Following the sale, the director now directly owns 19,249 shares in the company, valued at $885,838.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.08% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. TrimTabs Asset Management LLC raised its position in Timken Company (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 3,110 shares of the industrial products company’s stock worth $141,000 after buying an additional 1,464 shares in the last quarter. James Investment Research Inc. acquired a new position in Timken Company (The) during the first quarter worth approximately $144,000. Robecosam AG acquired a new position in Timken Company (The) during the first quarter worth approximately $158,000. US Bancorp DE raised its position in Timken Company (The) by 3.9% in the first quarter. US Bancorp DE now owns 3,872 shares of the industrial products company’s stock worth $175,000 after buying an additional 145 shares in the last quarter. Finally, Advisor Group Inc. raised its position in Timken Company (The) by 19.7% in the second quarter. Advisor Group Inc. now owns 4,051 shares of the industrial products company’s stock worth $187,000 after buying an additional 666 shares in the last quarter. 76.94% of the stock is currently owned by institutional investors.
Timken Company (The) Company Profile
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.
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