News coverage about Timken (NYSE:TKR) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Timken earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 44.1366577266987 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Tdam Usa Decreased Its Kimberly Clark (KMB) Position; Last Week The Timken Company (TKR) Coverage – Hill Country Times (hillcountrytimes.com)
- TimkenSteel -14% after KeyBanc downgrade (seekingalpha.com)
- Timken Gets Relative Strength Rating Upgrade (finance.yahoo.com)
- Timken Company (The) (TKR) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
Several analysts recently issued reports on TKR shares. Zacks Investment Research downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Jefferies Group reaffirmed a “hold” rating and set a $50.00 price objective on shares of Timken in a report on Thursday, October 26th. ValuEngine downgraded shares of Timken from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub downgraded shares of Timken from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $52.00.
Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The business had revenue of $771.40 million during the quarter, compared to the consensus estimate of $758.91 million. Timken had a net margin of 6.88% and a return on equity of 13.75%. Timken’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. sell-side analysts anticipate that Timken will post 2.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, November 16th. Timken’s dividend payout ratio is currently 43.03%.
In other Timken news, insider Richard G. Kyle sold 9,242 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $49.75, for a total value of $459,789.50. Following the completion of the sale, the insider now directly owns 89,236 shares of the company’s stock, valued at approximately $4,439,491. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.08% of the stock is owned by corporate insiders.
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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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