Shares of Timken Co (NYSE:TKR) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $56.75. 

TKR has been the subject of a number of recent analyst reports. Stifel Nicolaus raised shares of Timken from a “hold” rating to a “buy” rating and raised their price target for the company from $52.00 to $60.00 in a report on Monday, May 28th. Vertical Research raised shares of Timken from a “hold” rating to a “buy” rating in a report on Friday, May 4th. ValuEngine raised shares of Timken from a “sell” rating to a “hold” rating in a report on Thursday, June 7th. CL King initiated coverage on shares of Timken in a report on Thursday, June 28th. They set a “neutral” rating for the company. Finally, Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and set a $56.00 price target for the company in a report on Wednesday, August 8th.

In other Timken news, Director Ward J. Timken, Jr. sold 4,002 shares of the stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $49.10, for a total transaction of $196,498.20. Following the transaction, the director now directly owns 269,902 shares in the company, valued at approximately $13,252,188.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Philip D. Fracassa sold 3,582 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $48.39, for a total transaction of $173,332.98. Following the transaction, the chief financial officer now owns 43,534 shares in the company, valued at $2,106,610.26. The disclosure for this sale can be found here. Corporate insiders own 11.15% of the company’s stock. 

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Timken by 1.0% during the 2nd quarter. BlackRock Inc. now owns 6,030,610 shares of the industrial products company’s stock valued at $262,632,000 after acquiring an additional 60,473 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Timken by 1.8% in the 1st quarter. Earnest Partners LLC now owns 1,966,488 shares of the industrial products company’s stock worth $89,672,000 after buying an additional 34,121 shares during the last quarter. Boston Partners lifted its position in shares of Timken by 2.6% in the 2nd quarter. Boston Partners now owns 1,944,278 shares of the industrial products company’s stock worth $84,673,000 after buying an additional 48,733 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Timken by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,788,248 shares of the industrial products company’s stock worth $77,879,000 after buying an additional 93,934 shares during the last quarter. Finally, LSV Asset Management lifted its position in shares of Timken by 4.2% in the 2nd quarter. LSV Asset Management now owns 1,535,875 shares of the industrial products company’s stock worth $66,887,000 after buying an additional 61,800 shares during the last quarter. Hedge funds and other institutional investors own 77.33% of the company’s stock. 

TKR opened at $48.00 on Wednesday. The firm has a market cap of $3.72 billion, a P/E ratio of 18.25, a PEG ratio of 0.77 and a beta of 1.60. Timken has a twelve month low of $41.85 and a twelve month high of $55.65. The company has a quick ratio of 1.30, a current ratio of 2.39 and a debt-to-equity ratio of 0.57. 

Timken (NYSE:TKR) last released its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.03. The business had revenue of $906.30 million during the quarter, compared to analyst estimates of $904.77 million. Timken had a net margin of 7.60% and a return on equity of 18.39%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. equities analysts forecast that Timken will post 4.17 earnings per share for the current year. 

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Friday, August 17th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, August 16th. This represents a $1.12 dividend on an annualized basis and a yield of 2.33%. Timken’s dividend payout ratio (DPR) is 42.59%.