Timken Company (The) (NYSE:TKR) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

TKR has been the topic of several other reports. Goldman Sachs Group, Inc. (The) downgraded shares of Timken Company (The) from a “conviction-buy” rating to a “buy” rating and decreased their price target for the company from $55.00 to $51.00 in a research note on Monday, August 7th. BidaskClub downgraded shares of Timken Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 price objective on shares of Timken Company (The) in a research note on Friday, June 30th. Zacks Investment Research downgraded shares of Timken Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $45.00 price objective on shares of Timken Company (The) in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Timken Company (The) currently has a consensus rating of “Hold” and an average target price of $46.83.

Timken Company (NYSE:TKR) traded up 0.67% during trading on Friday, hitting $45.15. 397,912 shares of the stock were exchanged. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 22.41 and a beta of 1.38. Timken Company has a 52 week low of $31.60 and a 52 week high of $51.75. The firm has a 50-day moving average of $45.45 and a 200-day moving average of $45.52.

Timken Company (The) (NYSE:TKR) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Timken Company (The) had a net margin of 5.98% and a return on equity of 12.73%. The business had revenue of $750.60 million for the quarter, compared to the consensus estimate of $716.50 million. During the same period in the prior year, the company posted $0.55 earnings per share. Timken Company (The)’s revenue was up 11.4% compared to the same quarter last year. Equities research analysts anticipate that Timken Company will post $2.57 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC increased its stake in shares of Timken Company (The) by 20.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,350,766 shares of the industrial products company’s stock worth $62,473,000 after buying an additional 230,730 shares during the last quarter. Phocas Financial Corp. increased its stake in shares of Timken Company (The) by 4.7% in the second quarter. Phocas Financial Corp. now owns 270,024 shares of the industrial products company’s stock worth $12,489,000 after buying an additional 12,035 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Timken Company (The) by 20.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 9,000 shares of the industrial products company’s stock worth $417,000 after buying an additional 1,519 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Timken Company (The) by 2.9% in the second quarter. Public Employees Retirement System of Ohio now owns 28,314 shares of the industrial products company’s stock worth $1,310,000 after buying an additional 791 shares during the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of Timken Company (The) during the second quarter worth about $375,000. Hedge funds and other institutional investors own 79.62% of the company’s stock.

Timken Company (The) Company Profile

The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain, couplings and related products and offers a spectrum of power system rebuild and repair services across the world. The Company operates through two segments: Mobile Industries and Process Industries.

Analyst Recommendations for Timken Company (The) (NYSE:TKR)

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