Timken Co (NYSE:TKR) EVP Ronald J. Myers sold 6,484 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $53.44, for a total value of $346,504.96. Following the sale, the executive vice president now owns 22,162 shares in the company, valued at approximately $1,184,337.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Timken stock traded up $0.17 on Friday, reaching $53.65. 660,419 shares of the company were exchanged, compared to its average volume of 673,236. Timken Co has a one year low of $33.98 and a one year high of $54.52. The company has a 50-day moving average of $45.31 and a 200 day moving average of $45.81. The company has a current ratio of 2.57, a quick ratio of 1.42 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 1.38 and a beta of 1.81.
Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.04). Timken had a net margin of 8.11% and a return on equity of 21.12%. The business had revenue of $914.00 million during the quarter, compared to the consensus estimate of $945.87 million. During the same quarter last year, the company posted $1.06 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts predict that Timken Co will post 4.72 earnings per share for the current year.
TKR has been the topic of a number of analyst reports. Zacks Investment Research cut Timken from a “hold” rating to a “strong sell” rating and set a $56.00 price objective on the stock. in a research note on Tuesday. Morgan Stanley set a $52.00 price objective on Timken and gave the stock a “hold” rating in a research note on Friday, November 1st. Bank of America cut Timken from a “neutral” rating to an “underperform” rating and set a $41.00 price objective on the stock. in a research note on Thursday, September 26th. Goldman Sachs Group upgraded Timken from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $56.00 in a research note on Tuesday, July 16th. Finally, ValuEngine upgraded Timken from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $51.25.
Timken Company Profile
The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.
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