Timken Company (The) (TKR) Receives Consensus Rating of “Buy” from Analysts

Timken Company (The) (TKR) Receives Consensus Rating of “Buy” from Analysts

Shares of Timken Company (The) (NYSE:TKR) have been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $41.86.

Several equities research analysts have commented on TKR shares. Evercore ISI upgraded shares of Timken Company (The) from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Monday, November 7th. Zacks Investment Research lowered shares of Timken Company (The) from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Timken Company (The) from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Friday. Stifel Nicolaus lowered shares of Timken Company (The) from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $37.00 to $42.00 in a research report on Thursday, December 8th. Finally, Bank of America Corp lowered shares of Timken Company (The) from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research report on Thursday, November 17th. They noted that the move was a valuation call.

Shares of Timken Company (NYSE:TKR) traded up 3.242% on Friday, reaching $45.375. 1,228,909 shares of the company’s stock traded hands. Timken Company has a 52 week low of $25.12 and a 52 week high of $45.55. The stock’s 50-day moving average price is $41.55 and its 200-day moving average price is $36.16. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 39.150 and a beta of 1.51.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinkerton Retirement Specialists LLC purchased a new position in shares of Timken Company (The) during the second quarter valued at $125,000. LS Investment Advisors LLC increased its position in shares of Timken Company (The) by 75.0% in the second quarter. LS Investment Advisors LLC now owns 4,222 shares of the company’s stock valued at $129,000 after buying an additional 1,810 shares during the last quarter. Cantab Capital Partners LLP purchased a new position in shares of Timken Company (The) during the second quarter valued at $140,000. US Bancorp DE increased its position in shares of Timken Company (The) by 12.5% in the second quarter. US Bancorp DE now owns 5,273 shares of the company’s stock valued at $162,000 after buying an additional 584 shares during the last quarter. Finally, Seven Eight Capital LLC purchased a new position in shares of Timken Company (The) during the second quarter valued at $166,000. 78.14% of the stock is owned by hedge funds and other institutional investors.

Timken Company (The) Company Profile

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries, which offers bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers and related products and maintenance services, and Process Industries, which provides industrial bearings and assemblies, power transmission components such as gears and gearboxes, couplings, seals, lubricants, chains and related products and services.

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