Timken Co (NYSE:TKR) has been assigned an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $51.33.

A number of equities analysts have recently commented on TKR shares. Zacks Investment Research downgraded shares of Timken from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and issued a $50.00 target price on shares of Timken in a research note on Thursday, October 26th.

In related news, insider Richard G. Kyle sold 9,242 shares of Timken stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $49.75, for a total transaction of $459,789.50. Following the sale, the insider now owns 89,236 shares of the company’s stock, valued at approximately $4,439,491. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.08% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TKR. Bank of Montreal Can increased its stake in Timken by 6.8% during the 2nd quarter. Bank of Montreal Can now owns 4,785 shares of the industrial products company’s stock worth $221,000 after buying an additional 303 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Timken by 4.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 390,652 shares of the industrial products company’s stock worth $18,068,000 after buying an additional 15,695 shares during the period. Bank of New York Mellon Corp increased its stake in Timken by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,085,019 shares of the industrial products company’s stock worth $50,181,000 after buying an additional 17,945 shares during the period. Legal & General Group Plc increased its stake in Timken by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 88,879 shares of the industrial products company’s stock worth $4,110,000 after buying an additional 10,985 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Timken by 62.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 29,233 shares of the industrial products company’s stock worth $1,352,000 after buying an additional 11,253 shares during the period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Timken (NYSE TKR) opened at $49.15 on Tuesday. Timken has a one year low of $39.40 and a one year high of $53.10. The company has a quick ratio of 1.38, a current ratio of 2.59 and a debt-to-equity ratio of 0.66. The company has a market cap of $3,810.00, a price-to-earnings ratio of 19.58, a PEG ratio of 1.62 and a beta of 1.50.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, October 25th. The industrial products company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. Timken had a net margin of 6.88% and a return on equity of 13.75%. The business had revenue of $771.40 million for the quarter, compared to the consensus estimate of $758.91 million. During the same quarter last year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. sell-side analysts forecast that Timken will post 2.62 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Timken Co (TKR) Given Consensus Recommendation of “Hold” by Brokerages” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2018/01/01/timken-co-tkr-given-consensus-recommendation-of-hold-by-brokerages.html.

About Timken

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken and related companies with MarketBeat.com's FREE daily email newsletter.