Brokerages Set The Timken Company (NYSE:TKR) Price Target at $85.90

The Timken Company (NYSE:TKR) has received an average rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $85.90.

Several research firms have issued reports on TKR. The Goldman Sachs Group boosted their price objective on shares of Timken from $78.00 to $87.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. StockNews.com downgraded shares of Timken from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Evercore ISI downgraded shares of Timken from an “outperform” rating to an “in-line” rating and set a $84.00 target price for the company. in a research note on Tuesday, February 20th. Oppenheimer restated an “outperform” rating and issued a $100.00 target price (up from $97.00) on shares of Timken in a research note on Thursday, March 21st. Finally, Morgan Stanley began coverage on shares of Timken in a research note on Monday, January 8th. They issued an “equal weight” rating and a $74.00 target price for the company.

Timken Price Performance

Timken stock opened at $86.62 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.79. Timken has a 1 year low of $65.71 and a 1 year high of $95.08. The firm has a 50 day moving average price of $85.10 and a 200 day moving average price of $79.24. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.18 and a beta of 1.54.

Timken (NYSE:TKR) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.15. Timken had a net margin of 8.26% and a return on equity of 19.57%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. Timken’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts predict that Timken will post 6.02 earnings per share for the current year.

Timken Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Tuesday, February 20th were issued a $0.33 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.32 annualized dividend and a yield of 1.52%. Timken’s dividend payout ratio is presently 24.18%.

Institutional Trading of Timken

Institutional investors have recently added to or reduced their stakes in the stock. Livelsberger Financial Advisory acquired a new stake in Timken in the fourth quarter valued at $30,000. GAMMA Investing LLC acquired a new stake in Timken in the fourth quarter valued at $35,000. Anchor Investment Management LLC acquired a new stake in shares of Timken during the fourth quarter worth $58,000. CWM LLC raised its holdings in shares of Timken by 50.0% during the third quarter. CWM LLC now owns 906 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 302 shares during the period. Finally, Amica Retiree Medical Trust acquired a new stake in shares of Timken during the third quarter worth $75,000. 89.08% of the stock is owned by institutional investors and hedge funds.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.