Are Analysts Bullish The Timken Company (NYSE:TKR) After Last Week?

September 30, 2018 - By William Brooks

The Timken Company (NYSE:TKR) LogoInvestors sentiment increased to 1.23 in Q2 2018. Its up 0.29, from 0.94 in 2018Q1. It increased, as 25 investors sold The Timken Company shares while 92 reduced holdings. 49 funds opened positions while 95 raised stakes. 58.52 million shares or 0.23% less from 58.66 million shares in 2018Q1 were reported.
National Bank Of Montreal Can stated it has 2,822 shares. Gsa Prtnrs Limited Liability Partnership reported 40,514 shares or 0.09% of all its holdings. Canada Pension Plan Board reported 0.01% in The Timken Company (NYSE:TKR). Peoples Financial invested in 0% or 60 shares. Neuberger Berman Gp Ltd Co holds 0% or 5,205 shares in its portfolio. Ancora Limited Liability Corp invested 0.02% in The Timken Company (NYSE:TKR). City Holding Company owns 78 shares or 0% of their US portfolio. Oregon Pub Employees Retirement Fund holds 26,693 shares or 0.02% of its portfolio. Oppenheimer And Inc owns 23,850 shares. California State Teachers Retirement reported 115,157 shares. First Natl Bank Of Omaha invested in 104,261 shares or 0.28% of the stock. Nomura Asset Mngmt Limited has 0.07% invested in The Timken Company (NYSE:TKR). Raymond James Na has 5,457 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0.01% of its portfolio in The Timken Company (NYSE:TKR). Old Mutual Customised Solutions (Proprietary) reported 0.01% of its portfolio in The Timken Company (NYSE:TKR).

Since May 3, 2018, it had 1 insider buy, and 3 insider sales for $336,132 activity. $196,493 worth of stock was sold by TIMKEN WARD J JR on Wednesday, May 30. Fracassa Philip D. sold $178,388 worth of stock or 3,739 shares. Shares for $89,700 were bought by SULLIVAN FRANK C.

The Timken Company (NYSE:TKR) Ratings Coverage

Among 5 analysts covering Timken (NYSE:TKR), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Timken had 7 analyst reports since May 4, 2018 according to SRatingsIntel. The firm has “Underperform” rating by Bank of America given on Tuesday, May 22. Vertical Research upgraded the stock to “Buy” rating in Friday, May 4 report. As per Wednesday, August 8, the company rating was upgraded by Bank of America. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, August 1. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, May 29. The stock of The Timken Company (NYSE:TKR) earned “Overweight” rating by KeyBanc Capital Markets on Wednesday, June 27. Below is a list of The Timken Company (NYSE:TKR) latest ratings and price target changes.

08/08/2018 Broker: Bank of America Old Rating: Underperform New Rating: Neutral Old Target: $51 Upgrade
01/08/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $54 New Target: $60 Maintain
28/06/2018 Broker: CL King Rating: Neutral Initiates Coverage On
27/06/2018 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Overweight New Target: $54 Upgrade
29/05/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Old Target: $52 Upgrade
22/05/2018 Broker: Bank of America Old Rating: Underperform New Rating: Underperform Old Target: $50 New Target: $51 Maintain
04/05/2018 Broker: Vertical Research Old Rating: Hold New Rating: Buy Upgrade

The stock decreased 0.40% or $0.2 during the last trading session, reaching $49.85. About 756,002 shares traded or 23.47% up from the average. The Timken Company (NYSE:TKR) has risen 4.69% since September 30, 2017 and is uptrending. It has underperformed by 10.93% the S&P500.

The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, belts, chains, couplings, and related products worldwide. The company has market cap of $3.84 billion. It operates through two divisions, Mobile Industries and Process Industries. It has a 15.49 P/E ratio. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chains, augers, belts, and related products and maintenance services to original equipment manufacturers and end users of off-highway equipment, such as agricultural, construction, mining, outdoor power equipment, and powersports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

The Timken Company (NYSE:TKR) Institutional Positions Chart

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