Timken (TKR) – Analysts’ Recent Ratings Updates

    Timken (NYSE: TKR) recently received a number of ratings updates from brokerages and research firms:

7/16/2019 – Timken was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating. They now have a $56.00 price target on the stock, up previously from $55.00.

7/15/2019 – Timken was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $55.00 price target on the stock.

7/13/2019 – Timken was upgraded by analysts at Zacks Investment Research from a “sell” 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. “

7/4/2019 – Timken was upgraded by analysts at Zacks Investment Research from a “sell” 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. “

6/19/2019 – Timken was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

6/10/2019 – Timken is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $54.00 price target on the stock.

    Shares of NYSE TKR opened at $47.89 on Thursday. Timken Co has a 1-year low of $33.98 and a 1-year high of $52.45. The company has a current ratio of 2.81, a quick ratio of 1.58 and a debt-to-equity ratio of 1.07. The business’s fifty day moving average is $48.31. The firm has a market capitalization of $3.71 billion, a P/E ratio of 11.46, a PEG ratio of 0.99 and a beta of 1.77.

    Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.11. The firm had revenue of $979.70 million during the quarter, compared to analysts’ expectations of $983.81 million. Timken had a return on equity of 21.51% and a net margin of 8.55%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. On average, research analysts expect that Timken Co will post 5.24 EPS for the current year.
    In related news, insider Shelly Marie Chadwick sold 2,400 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $51.44, for a total transaction of $123,456.00. Following the completion of the transaction, the insider now directly owns 1,443 shares in the company, valued at approximately $74,227.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ronald J. Myers sold 13,191 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $50.77, for a total value of $669,707.07. Following the transaction, the executive vice president now owns 18,987 shares of the company’s stock, valued at approximately $963,969.99. The disclosure for this sale can be found here. Insiders own 11.58% of the company’s stock.

    Several institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. lifted its position in Timken by 22.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,555 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 285 shares in the last quarter. Bank of Montreal Can grew its stake in Timken by 17.7% in the 1st quarter. Bank of Montreal Can now owns 2,427 shares of the industrial products company’s stock valued at $106,000 after buying an additional 365 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new position in Timken in the 2nd quarter valued at approximately $226,000. Fox Run Management L.L.C. bought a new position in Timken in the 2nd quarter valued at $231,000. Finally, World Asset Management Inc bought a new position in Timken in the 1st quarter valued at $207,000. Institutional investors and hedge funds own 78.16% of the company’s stock.

    The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.