Several brokerages have updated their recommendations and price targets on shares of Timken Company (The) (NYSE: TKR) in the last few weeks:

  • 8/7/2017 – Timken Company (The) was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “conviction-buy” rating to a “buy” rating.
  • 8/1/2017 – Timken Company (The) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/1/2017 – Timken Company (The) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/26/2017 – Timken Company (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain and related products, and offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today applies its deep knowledge of metallurgy, tribology and mechanical power transmission across a variety of bearings and related systems to improve reliability and efficiency of machinery and equipment all around the world. The company’s growing product and services portfolio features many strong industrial brands including Timken, Fafnir, Philadelphia Gear, Carlisle, Drives and Interlube. “
  • 7/25/2017 – Timken Company (The) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/14/2017 – Timken Company (The) had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $45.00 price target on the stock.
  • 7/13/2017 – Timken Company (The) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/30/2017 – Timken Company (The) had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $53.00 price target on the stock.
  • 6/28/2017 – Timken Company (The) was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain and related products, and offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today applies its deep knowledge of metallurgy, tribology and mechanical power transmission across a variety of bearings and related systems to improve reliability and efficiency of machinery and equipment all around the world. The company’s growing product and services portfolio features many strong industrial brands including Timken, Fafnir, Philadelphia Gear, Carlisle, Drives and Interlube. “
  • 6/28/2017 – Timken Company (The) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Timken Company (The) (NYSE:TKR) last released its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. The company had revenue of $750.60 million during the quarter, compared to the consensus estimate of $716.50 million. During the same period in the previous year, the firm earned $0.55 earnings per share. Timken Company (The)’s revenue for the quarter was up 11.4% on a year-over-year basis.

In other Timken Company (The) news, EVP William R. Burkhart sold 32,580 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 55,640 shares in the company, valued at $2,667,381.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jacqueline F. Woods sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $46.02, for a total transaction of $59,826.00. Following the sale, the director now owns 19,249 shares of the company’s stock, valued at $885,838.98. The disclosure for this sale can be found here. 11.08% of the stock is owned by insiders.

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.

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