Timken Co (NYSE:TKR) shares reached a new 52-week low on Thursday . The stock traded as low as $41.76 and last traded at $41.72, with a volume of 18527 shares traded. The stock had previously closed at $42.80.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded Timken from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Saturday, October 13th. ValuEngine cut Timken from a “sell” rating to a “strong sell” rating in a research report on Friday, October 12th. Goldman Sachs Group assumed coverage on Timken in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $56.00 price objective on the stock. Bank of America upgraded Timken from an “underperform” rating to a “neutral” rating and set a $56.00 price objective on the stock in a research report on Wednesday, August 8th. Finally, KeyCorp raised their price target on Timken from $54.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $55.17.

The company has a quick ratio of 1.30, a current ratio of 2.39 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.30 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 0.69 and a beta of 1.58.

Timken (NYSE:TKR) last issued its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.03. Timken had a return on equity of 18.39% and a net margin of 7.60%. The company had revenue of $906.30 million for the quarter, compared to analysts’ expectations of $904.77 million. During the same quarter last year, the business earned $0.68 earnings per share. Timken’s revenue was up 20.7% on a year-over-year basis. On average, equities analysts forecast that Timken Co will post 4.17 earnings per share for the current fiscal year.

In related news, insider Shelly Marie Chadwick sold 1,043 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $48.85, for a total value of $50,950.55. Following the transaction, the insider now owns 3,102 shares in the company, valued at $151,532.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Philip D. Fracassa sold 3,582 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $48.39, for a total value of $173,332.98. Following the completion of the transaction, the chief financial officer now owns 43,534 shares in the company, valued at approximately $2,106,610.26. The disclosure for this sale can be found here. 11.15% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Visionary Asset Management Inc. grew its position in Timken by 14.7% in the third quarter. Visionary Asset Management Inc. now owns 8,155 shares of the industrial products company’s stock valued at $407,000 after acquiring an additional 1,044 shares during the last quarter. Arizona State Retirement System grew its position in Timken by 2.3% in the second quarter. Arizona State Retirement System now owns 47,409 shares of the industrial products company’s stock valued at $2,065,000 after acquiring an additional 1,047 shares during the last quarter. Aperio Group LLC grew its position in Timken by 6.2% in the third quarter. Aperio Group LLC now owns 26,842 shares of the industrial products company’s stock valued at $1,338,000 after acquiring an additional 1,560 shares during the last quarter. Intrust Bank NA grew its position in Timken by 11.3% in the second quarter. Intrust Bank NA now owns 15,576 shares of the industrial products company’s stock valued at $679,000 after acquiring an additional 1,580 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Timken by 16.9% in the second quarter. PNC Financial Services Group Inc. now owns 11,060 shares of the industrial products company’s stock valued at $482,000 after acquiring an additional 1,599 shares during the last quarter. Hedge funds and other institutional investors own 77.51% of the company’s stock.

Timken Company Profile (NYSE:TKR)

The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. It operates through two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

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