Timken Company (The) (NYSE:TKR)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group LLC in a report issued on Friday. They currently have a $45.00 price objective on the industrial products company’s stock. Jefferies Group LLC’s target price would indicate a potential downside of 7.69% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. BidaskClub raised shares of Timken Company (The) from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Saturday, April 29th. Finally, Stifel Nicolaus lifted their price target on shares of Timken Company (The) from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $47.50.

Shares of Timken Company (NYSE:TKR) traded down 0.51% during midday trading on Friday, reaching $48.75. 587,733 shares of the company traded hands. Timken Company has a 12 month low of $29.31 and a 12 month high of $51.75. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 30.99 and a beta of 1.38. The company’s 50 day moving average is $46.04 and its 200-day moving average is $44.51.

Timken Company (The) (NYSE:TKR) last announced its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.12. The firm had revenue of $703.80 million for the quarter, compared to analysts’ expectations of $649.70 million. Timken Company (The) had a net margin of 4.75% and a return on equity of 12.10%. Timken Company (The)’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. Equities research analysts forecast that Timken Company will post $2.47 earnings per share for the current fiscal year.

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In other Timken Company (The) news, VP Ronald J. Myers sold 5,198 shares of Timken Company (The) stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $48.12, for a total transaction of $250,127.76. Following the transaction, the vice president now directly owns 11,453 shares of the company’s stock, valued at $551,118.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP William R. Burkhart sold 32,580 shares of Timken Company (The) stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $47.94, for a total transaction of $1,561,885.20. Following the transaction, the executive vice president now directly owns 55,640 shares in the company, valued at $2,667,381.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,078 shares of company stock worth $1,871,839. 11.08% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Timken Company (The) by 5,786.0% in the first quarter. BlackRock Inc. now owns 5,674,424 shares of the industrial products company’s stock worth $256,485,000 after buying an additional 5,578,018 shares during the last quarter. Norges Bank purchased a new position in Timken Company (The) during the fourth quarter worth approximately $28,499,000. Wellington Management Group LLP boosted its position in Timken Company (The) by 38.4% in the first quarter. Wellington Management Group LLP now owns 2,211,031 shares of the industrial products company’s stock worth $99,939,000 after buying an additional 613,258 shares during the last quarter. Victory Capital Management Inc. boosted its position in Timken Company (The) by 428.7% in the first quarter. Victory Capital Management Inc. now owns 639,973 shares of the industrial products company’s stock worth $28,927,000 after buying an additional 518,933 shares during the last quarter. Finally, Boston Partners boosted its position in Timken Company (The) by 12.8% in the first quarter. Boston Partners now owns 2,901,889 shares of the industrial products company’s stock worth $131,165,000 after buying an additional 330,391 shares during the last quarter. 77.02% of the stock is currently owned by institutional investors and hedge funds.

About Timken Company (The)

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.

Analyst Recommendations for Timken Company (The) (NYSE:TKR)

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