Timken Company (The) (NYSE:TKR) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

A number of other research firms have also issued reports on TKR. Zacks Investment Research upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Wednesday, July 26th. Jefferies Group LLC restated a “hold” rating and issued a $45.00 target price on shares of Timken Company (The) in a report on Friday, July 14th. Stifel Nicolaus upped their target price on shares of Timken Company (The) from $46.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 28th. ValuEngine upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Timken Company (The) from a “conviction-buy” rating to a “buy” rating and reduced their target price for the company from $55.00 to $51.00 in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $46.83.

Timken Company (NYSE TKR) traded down 0.07% during midday trading on Friday, reaching $43.00. 313,788 shares of the company traded hands. Timken Company has a 12 month low of $31.60 and a 12 month high of $51.75. The firm has a market capitalization of $3.35 billion, a PE ratio of 21.34 and a beta of 1.38. The company’s 50-day moving average price is $46.26 and its 200 day moving average price is $45.56.

Timken Company (The) (NYSE:TKR) last released its earnings results on Wednesday, July 26th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The company had revenue of $750.60 million for the quarter, compared to analyst estimates of $716.50 million. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. On average, equities analysts anticipate that Timken Company will post $2.57 earnings per share for the current year.

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In other news, Director Jacqueline F. Woods sold 1,300 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $46.02, for a total transaction of $59,826.00. Following the completion of the transaction, the director now owns 19,249 shares of the company’s stock, valued at approximately $885,838.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 11.08% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capstone Asset Management Co. increased its position in Timken Company (The) by 5.2% in the first quarter. Capstone Asset Management Co. now owns 5,475 shares of the industrial products company’s stock worth $247,000 after buying an additional 270 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Timken Company (The) by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the industrial products company’s stock worth $796,000 after buying an additional 300 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in Timken Company (The) during the first quarter worth approximately $388,000. Columbus Circle Investors increased its position in Timken Company (The) by 102.7% in the first quarter. Columbus Circle Investors now owns 451,777 shares of the industrial products company’s stock worth $20,420,000 after buying an additional 228,942 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in Timken Company (The) by 11.5% in the first quarter. Retirement Systems of Alabama now owns 143,899 shares of the industrial products company’s stock worth $6,504,000 after buying an additional 14,855 shares in the last quarter. 76.85% of the stock is owned by institutional investors.

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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