Timken Company Gets a Hold from Jefferies

By Jason Carr

In a report released yesterday, Stephen Volkmann from Jefferies reiterated a Hold rating on Timken Company (NYSE: TKR), with a price target of $45. The company’s shares closed yesterday at $43.20.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 14.5% and a 70.8% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, Honeywell International, and Illinois Tool Works.

Timken Company has an analyst consensus of Moderate Buy, with a price target consensus of $45.

Timken Company’s market cap is currently $3.3B and has a P/E ratio of 22.50. The company has a book value ratio of 2.6244.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Ward Timken, a Director at TKR sold 109,951 shares for a total of $4,970,576.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Timken Co. engineers, manufactures and markets bearings, gear drives, belts, chain and related products, and offers a spectrum of powertrain rebuild and repair services. It operates through the Mobile Industries and Process Industries segments. The Mobile Industries segment serves OEM customers that manufacture off-highway equipment for the agricultural, mining and construction markets; on-highway vehicles including passenger cars, light trucks, and medium- and heavy-duty trucks; rail cars and locomotives; outdoor power equipment; and rotorcraft and fixed-wing aircraft. The Process Industries segment handles OEM and end-user customers in industries that place heavy demands on the fixed operating equipment they make or use in heavy and other general industrial sectors. The company was founded by Henry Timken in 1899 and is headquartered in North Canton, OH.