The Timken Company (The) (TKR) Receives Neutral Rating from Jefferies Group LLC, Report finds

The Timken Company (The) (TKR) Receives Neutral Rating from Jefferies Group LLC, Report finds

A number of other research analysts have also recently issued reports on TKR. Zacks Investment Research cut Timken Company (The) from a hold rating to a strong sell rating in a report on Wednesday, November 2nd. Evercore ISI raised Timken Company (The) from a hold rating to a buy rating and set a $37.00 price target for the company in a report on Monday, November 7th. Bank of America Corporation cut Timken Company (The) from a buy rating to a neutral rating and set a $40.00 price target for the company. in a report on Thursday, November 17th. They noted that the move was a valuation call. Stifel Nicolaus cut Timken Company (The) from a buy rating to a hold rating and lifted their price target for the company from $37.00 to $42.00 in a report on Thursday, December 8th. Finally, Goldman Sachs Group, Inc. (The) raised Timken Company (The) from a neutral rating to a buy rating and set a $55.00 price target for the company in a report on Friday, January 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $42.25.

Jefferies Group LLC restated their neutral rating on shares of Timken Company (The) (NYSE:TKR) in a research report sent to investors on Friday.

Timken Company (NYSE:TKR) opened at 45.15 on Friday. The firm’s 50-day moving average is $43.07 and its 200-day moving average is $37.20. Timken Company has a 12 month low of $28.32 and a 12 month high of $45.85. The firm has a market cap of $3.50 billion, a PE ratio of 23.52 and a beta of 1.39.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Wednesday, February 22nd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, February 17th. Timken Company (The)’s dividend payout ratio (DPR) is currently 54.17%.

Several hedge funds have recently added to or reduced their stakes in TKR. Tocqueville Asset Management L.P. raised its stake in Timken Company (The) by 11.5% in the second quarter. Tocqueville Asset Management L.P. now owns 24,300 shares of the company’s stock valued at $745,000 after buying an additional 2,500 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in Timken Company (The) by 2.0% in the second quarter. Beese Fulmer Investment Management Inc. now owns 27,012 shares of the company’s stock valued at $828,000 after buying an additional 525 shares during the period. TrimTabs Asset Management LLC acquired a new stake in Timken Company (The) during the second quarter valued at $1,411,000. Emerald Acquisition Ltd. acquired a new stake in Timken Company (The) during the second quarter valued at $299,000. Finally, Airain ltd acquired a new stake in Timken Company (The) during the second quarter valued at $1,675,000. 75.87% of the stock is currently owned by 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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