Timken Co (NYSE:TKR) traded down 1% during mid-day trading on Thursday . The stock traded as low as $46.35 and last traded at $46.55. 31,222 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 588,344 shares. The stock had previously closed at $46.10.

A number of equities research analysts recently weighed in on the company. KeyCorp lifted their target price on Timken from $54.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday. ValuEngine raised Timken from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 28th. CL King assumed coverage on Timken in a research report on Thursday, June 28th. They set a “neutral” rating on the stock. Vertical Research raised Timken from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Finally, Bank of America lifted their target price on Timken from $50.00 to $51.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 22nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Timken has an average rating of “Hold” and a consensus target price of $53.83.

The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.87 and a beta of 1.60. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.39 and a quick ratio of 1.24. 

Timken (NYSE:TKR) last released its earnings results on Tuesday, July 31st. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03. Timken had a return on equity of 18.39% and a net margin of 7.60%. The business had revenue of $906.30 million for the quarter, compared to the consensus estimate of $904.77 million. During the same period last year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. equities research analysts anticipate that Timken Co will post 3.97 EPS for the current fiscal year. 

In other Timken news, Director Ward J. Timken, Jr. sold 4,002 shares of the firm’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $49.10, for a total transaction of $196,498.20. Following the completion of the transaction, the director now owns 269,902 shares in the company, valued at $13,252,188.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Philip D. Fracassa sold 3,739 shares of the firm’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $47.71, for a total transaction of $178,387.69. Following the transaction, the chief financial officer now owns 43,534 shares of the company’s stock, valued at approximately $2,077,007.14. The disclosure for this sale can be found here. 11.15% of the stock is owned by company insiders. 

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Investment Consultants LLC bought a new position in Timken during the second quarter worth about $220,000. Dana Investment Advisors Inc. bought a new position in Timken during the second quarter worth about $2,038,000. Dupont Capital Management Corp bought a new position in Timken during the second quarter worth about $3,040,000. Hendley & Co. Inc. bought a new position in Timken during the second quarter worth about $542,000. Finally, Palouse Capital Management Inc. bought a new position in Timken during the second quarter worth about $222,000. Hedge funds and other institutional investors own 77.20% of the company’s stock. 

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.