Timken Co (NYSE:TKR) shares traded down 2.3% during trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $53.00 to $52.00. Stifel Nicolaus currently has a hold rating on the stock. Timken traded as low as $45.85 and last traded at $44.92. 646,973 shares were traded during mid-day trading, a decline of 16% from the average session volume of 770,160 shares. The stock had previously closed at $46.00.
Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Timken from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Tuesday. Jefferies Group upgraded shares of Timken from a “hold” rating to a “buy” rating in a research report on Thursday, January 18th. Finally, Longbow Research upgraded shares of Timken from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Timken currently has a consensus rating of “Hold” and an average target price of $52.25.
In other Timken news, insider Richard G. Kyle sold 9,242 shares of the firm’s 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 sale, the insider now directly owns 89,236 shares in the company, valued at approximately $4,439,491. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.08% of the company’s stock.
The company has a current ratio of 2.23, a quick ratio of 1.38 and a debt-to-equity ratio of 0.58. The company has a market cap of $3,450.00, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.21 and a beta of 1.45.
Timken (NYSE:TKR) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. Timken had a net margin of 6.77% and a return on equity of 14.55%. The business had revenue of $778.00 million for the quarter, compared to analyst estimates of $767.98 million. During the same period in the previous year, the business earned $0.47 EPS. The firm’s revenue was up 18.8% on a year-over-year basis. equities analysts expect that Timken Co will post 3.3 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.43%. Timken’s dividend payout ratio (DPR) is currently 41.86%.
Timken Company Profile
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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