Timken Company (The) (NYSE:TKR) has earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $51.33.

Several research firms recently weighed in on TKR. BidaskClub downgraded shares of Timken from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. ValuEngine downgraded shares of Timken from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Jefferies Group restated a “hold” rating and set a $50.00 price target on shares of Timken in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Timken from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Thursday, September 28th.

In related news, insider Richard G. Kyle sold 9,242 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $49.75, for a total transaction of $459,789.50. Following the completion of the sale, the insider now owns 89,236 shares of the company’s stock, valued at approximately $4,439,491. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.08% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TKR. Advisor Group Inc. grew its stake in Timken by 19.7% during the 2nd quarter. Advisor Group Inc. now owns 4,051 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 666 shares in the last quarter. US Bancorp DE grew its stake in Timken by 10.1% during the 2nd quarter. US Bancorp DE now owns 4,262 shares of the industrial products company’s stock valued at $197,000 after acquiring an additional 390 shares in the last quarter. Calamos Advisors LLC purchased a new stake in Timken during the 2nd quarter valued at about $210,000. Janus Henderson Group PLC purchased a new stake in Timken during the 2nd quarter valued at about $215,000. Finally, Bank of Montreal Can grew its stake in Timken by 6.8% during the 2nd quarter. Bank of Montreal Can now owns 4,785 shares of the industrial products company’s stock valued at $221,000 after acquiring an additional 303 shares in the last quarter. 79.30% of the stock is owned by institutional investors.

Timken (NYSE:TKR) opened at $49.35 on Friday. Timken has a 1 year low of $38.90 and a 1 year high of $53.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.59. The firm has a market cap of $3,830.00, a PE ratio of 20.27, a P/E/G ratio of 1.61 and a beta of 1.50.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.03. Timken had a net margin of 6.88% and a return on equity of 13.75%. The firm had revenue of $771.40 million during the quarter, compared to the consensus estimate of $758.91 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. analysts forecast that Timken will post 2.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.08 annualized dividend and a yield of 2.19%. Timken’s dividend payout ratio is presently 43.03%.

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About Timken

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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