Timken (NYSE:TKR) PT Raised to $95.00 at KeyCorp

Timken (NYSE:TKR) had its price objective boosted by KeyCorp from $91.00 to $95.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price target points to a potential upside of 7.33% from the company’s current price.

Other analysts also recently issued reports about the stock. Oppenheimer restated an “outperform” rating and issued a $100.00 target price (up from $97.00) on shares of Timken in a report on Thursday, March 21st. Morgan Stanley began coverage on Timken in a research note on Monday, January 8th. They set an “equal weight” rating and a $74.00 price objective on the stock. The Goldman Sachs Group upped their price objective on Timken from $78.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Evercore ISI cut Timken from an “outperform” rating to an “in-line” rating and set a $84.00 target price for the company. in a report on Tuesday, February 20th. Finally, Stifel Nicolaus increased their price target on Timken from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.09.

Timken Price Performance

TKR stock traded up $1.02 during mid-day trading on Thursday, hitting $88.51. The company had a trading volume of 132,522 shares, compared to its average volume of 502,689. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 1.22 and a beta of 1.51. The company has a 50-day moving average price of $85.77 and a 200 day moving average price of $79.78. The company has a quick ratio of 0.96, a current ratio of 1.87 and a debt-to-equity ratio of 0.66. Timken has a 12-month low of $65.71 and a 12-month high of $95.08.

Timken (NYSE:TKR) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.27. Timken had a return on equity of 17.98% and a net margin of 7.99%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, research analysts anticipate that Timken will post 6.11 earnings per share for the current year.

Institutional Trading of Timken

A number of hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in shares of Timken by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 1,826,547 shares of the industrial products company’s stock valued at $134,233,000 after buying an additional 131,253 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Timken by 15.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,313,122 shares of the industrial products company’s stock valued at $105,247,000 after acquiring an additional 178,870 shares in the last quarter. Fiduciary Management Inc. WI grew its holdings in Timken by 94.7% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,133,076 shares of the industrial products company’s stock worth $90,816,000 after purchasing an additional 551,097 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Timken by 0.5% during the third quarter. Brown Advisory Inc. now owns 776,345 shares of the industrial products company’s stock worth $57,054,000 after purchasing an additional 4,000 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Timken by 16.8% during the 3rd quarter. AQR Capital Management LLC now owns 764,174 shares of the industrial products company’s stock valued at $56,159,000 after purchasing an additional 109,767 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Company Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.