Timken (NYSE:TKR) Rating Reiterated by Oppenheimer

Timken (NYSE:TKRGet Free Report)‘s stock had its “outperform” rating reaffirmed by Oppenheimer in a research report issued on Thursday, Benzinga reports. They currently have a $100.00 target price on the industrial products company’s stock, up from their previous target price of $97.00. Oppenheimer’s price target suggests a potential upside of 14.16% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. DA Davidson started coverage on shares of Timken in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $92.00 price objective on the stock. Morgan Stanley started coverage on Timken in a research note on Monday, January 8th. They issued an “equal weight” rating and a $74.00 price objective on the stock. Stifel Nicolaus decreased their target price on shares of Timken from $93.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, December 19th. StockNews.com downgraded shares of Timken from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Timken from $78.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Timken has an average rating of “Hold” and an average target price of $85.90.

View Our Latest Research Report on Timken

Timken Price Performance

Shares of TKR opened at $87.60 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.79 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.17 billion, a PE ratio of 16.04, a PEG ratio of 1.20 and a beta of 1.54. Timken has a 12-month low of $65.71 and a 12-month high of $95.08. The business has a 50-day simple moving average of $82.74 and a two-hundred day simple moving average of $77.10.

Timken (NYSE:TKRGet Free Report) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.15. Timken had a return on equity of 19.57% and a net margin of 8.26%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $1.22 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Analysts anticipate that Timken will post 6 earnings per share for the current fiscal year.

Institutional Trading of Timken

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC increased its holdings in shares of Timken by 2.5% during the fourth quarter. Verition Fund Management LLC now owns 5,062 shares of the industrial products company’s stock valued at $358,000 after acquiring an additional 122 shares in the last quarter. First Republic Investment Management Inc. lifted its position in Timken by 0.7% in the 1st quarter. First Republic Investment Management Inc. now owns 19,478 shares of the industrial products company’s stock valued at $1,592,000 after acquiring an additional 141 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Timken by 4.0% during the 2nd quarter. Rehmann Capital Advisory Group now owns 3,792 shares of the industrial products company’s stock valued at $347,000 after purchasing an additional 145 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Timken by 3.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,449 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 155 shares in the last quarter. Finally, BOKF NA raised its stake in shares of Timken by 1.3% in the fourth quarter. BOKF NA now owns 12,094 shares of the industrial products company’s stock worth $969,000 after purchasing an additional 159 shares during the last quarter. 84.56% of the stock is owned by institutional investors.

Timken Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Timken (NYSE:TKR)

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