Jefferies Group upgraded shares of Timken (NYSE:TKR) from a hold rating to a buy rating in a report issued on Thursday, Marketbeat.com reports. Jefferies Group also issued estimates for Timken’s Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $0.90 EPS, Q3 2018 earnings at $0.85 EPS and Q4 2018 earnings at $0.95 EPS.

Several other equities research analysts have also weighed in on TKR. Zacks Investment Research raised Timken from a hold rating to a buy rating and set a $54.00 price objective for the company in a research note on Thursday, September 28th. Longbow Research raised Timken from a neutral rating to a buy rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $52.00.

Timken (NYSE:TKR) traded up $1.25 on Thursday, hitting $55.25. The stock had a trading volume of 913,690 shares, compared to its average volume of 426,149. The company has a market cap of $4,191.32, a price-to-earnings ratio of 22.01, a PEG ratio of 1.53 and a beta of 1.50. The company has a current ratio of 2.59, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. Timken has a 1-year low of $41.78 and a 1-year high of $55.35.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.03. The business had revenue of $771.40 million during the quarter, compared to analyst estimates of $758.91 million. Timken had a return on equity of 13.75% and a net margin of 6.88%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. equities research analysts expect that Timken will post 2.62 EPS for the current fiscal year.

In other news, insider Richard G. Kyle sold 9,242 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $49.75, for a total transaction of $459,789.50. Following the completion of the sale, the insider now directly owns 89,236 shares of the company’s stock, valued at approximately $4,439,491. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.08% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Timken by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,244 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 47 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Timken by 0.3% in the second quarter. Sterling Capital Management LLC now owns 18,698 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 47 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Timken by 1.9% in the second quarter. Neuberger Berman Group LLC now owns 9,734 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 182 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Timken by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 10,006 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 270 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Timken by 0.9% in the second quarter. Ameritas Investment Partners Inc. now owns 55,066 shares of the industrial products company’s stock valued at $2,546,000 after purchasing an additional 487 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

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About Timken

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.

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