Shares of Timken Co. (NYSE:TKR) were down 2.8% during mid-day trading on Thursday . The company traded as low as $30.72 and last traded at $30.72, with a volume of 547,723 shares. The stock had previously closed at $31.60.

A number of analysts have recently issued reports on TKR shares. Zacks Investment Research upgraded shares of Timken from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, April 29th. Stifel Nicolaus restated a “buy” rating and set a $40.00 target price (up previously from $34.00) on shares of Timken in a research note on Thursday, April 28th. Topeka Capital Markets started coverage on shares of Timken in a research note on Thursday, May 26th. They set a “hold” rating and a $35.00 target price for the company. Goldman Sachs Group Inc. cut shares of Timken from a “buy” rating to a “neutral” rating and cut their target price for the stock from $31.00 to $30.00 in a research note on Monday, March 28th. They noted that the move was a valuation call. Finally, Avondale Partners upgraded shares of Timken from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.33.

The firm has a 50 day moving average of $32.00 and a 200 day moving average of $31.30. The firm has a market capitalization of $2.45 billion and a price-to-earnings ratio of 20.20.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, April 27th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. During the same quarter in the previous year, the company earned $0.50 EPS. The firm earned $684 million during the quarter, compared to the consensus estimate of $666.88 million. The business’s revenue was down 5.3% compared to the same quarter last year. On average, equities analysts expect that Timken Co. will post $1.94 earnings per share for the current fiscal year.

In other news, Director Jacqueline F. Woods sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $33.74, for a total value of $84,350.00. Following the completion of the sale, the director now owns 18,017 shares in the company, valued at approximately $607,893.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jacqueline F. Woods sold 1,250 shares of the company’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $33.27, for a total transaction of $41,587.50. Following the completion of the sale, the director now owns 20,517 shares of the company’s stock, valued at approximately $682,600.59. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of the company. Eaton Vance Management raised its stake in Timken by 1.8% in the fourth quarter. Eaton Vance Management now owns 44,471 shares of the company’s stock valued at $1,271,000 after buying an additional 800 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake in Timken by 47.1% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 46,076 shares of the company’s stock valued at $1,319,000 after buying an additional 14,755 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Timken by 11.1% in the fourth quarter. Ameritas Investment Partners Inc. now owns 47,082 shares of the company’s stock valued at $1,345,000 after buying an additional 4,700 shares during the last quarter. South Dakota Investment Council raised its stake in Timken by 24.0% in the fourth quarter. South Dakota Investment Council now owns 60,900 shares of the company’s stock valued at $1,741,000 after buying an additional 11,800 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Timken by 0.6% in the fourth quarter. Rhumbline Advisers now owns 126,686 shares of the company’s stock valued at $3,622,000 after buying an additional 697 shares during the last quarter.

The Timken Company (Timken) engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries, which offers bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers and related products and maintenance services, and Process Industries, which provides industrial bearings and assemblies, power transmission components such as gears and gearboxes, couplings, seals, lubricants, chains and related products and services.

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