The Timken Co (NYSE:TKR) – Research analysts at Jefferies Group raised their Q4 2018 earnings per share (EPS) estimates for shares of The Timken in a research report issued on Wednesday. Jefferies Group analyst S. Volkmann now forecasts that the industrial products company will post earnings of $0.90 per share for the quarter, up from their previous forecast of $0.85. Jefferies Group currently has a “Buy” rating on the stock.
The Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $778.00 million during the quarter, compared to analyst estimates of $767.98 million. The Timken had a net margin of 6.77% and a return on equity of 14.55%. The firm’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share.
Shares of The Timken (TKR) opened at $44.20 on Friday. The company has a quick ratio of 1.13, a current ratio of 2.23 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3,738.38, a P/E ratio of 17.20, a PEG ratio of 1.16 and a beta of 1.55. The Timken has a 52-week low of $41.78 and a 52-week high of $55.65.
Hedge funds have recently made changes to their positions in the business. New Mexico Educational Retirement Board acquired a new position in The Timken during the fourth quarter valued at approximately $834,000. American International Group Inc. grew its holdings in The Timken by 0.9% during the fourth quarter. American International Group Inc. now owns 141,340 shares of the industrial products company’s stock valued at $6,947,000 after purchasing an additional 1,200 shares during the last quarter. Virginia Retirement Systems ET AL grew its holdings in The Timken by 16.8% during the third quarter. Virginia Retirement Systems ET AL now owns 52,100 shares of the industrial products company’s stock valued at $2,529,000 after purchasing an additional 7,500 shares during the last quarter. Legal & General Group Plc grew its holdings in The Timken by 5.9% during the third quarter. Legal & General Group Plc now owns 94,098 shares of the industrial products company’s stock valued at $4,569,000 after purchasing an additional 5,219 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new position in The Timken during the fourth quarter valued at approximately $369,000. Institutional investors own 79.45% of the company’s stock.
In related news, Director Jacqueline F. Woods sold 3,350 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $45.12, for a total value of $151,152.00. Following the transaction, the director now owns 15,878 shares in the company, valued at $716,415.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard G. Kyle sold 3,084 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $46.74, for a total value of $144,146.16. The disclosure for this sale can be found here. Corporate insiders own 11.08% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Tuesday, February 20th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.08 dividend on an annualized basis and a yield of 2.44%. The Timken’s dividend payout ratio is currently 42.02%.
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The Timken Company Profile
The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, lubrication systems, couplings, industrial clutches and brakes, and related products worldwide. It operates through two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches and 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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