NEWS

<p> Timken (NYSE:TKR) announced its earnings results on Tuesday, July 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03, Bloomberg Earnings reports. The firm had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $904.77 million. Timken had a return on equity of 18.39% and a net margin of 7.60%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Timken updated its FY18 guidance to $4.10-4.20 EPS. </p> <p> <br /> </p> <div style="text-align:center;"> <img src="http://www.bearing.com.cn/membcentre/editor/attached/image/20180808/20180808105144_93328.png" alt="" style="line-height:1.5;" /><span style="line-height:1.5;"></span> </div> <p> Shares of TKR traded up $0.67 during mid-day trading on Tuesday, hitting $48.57. The company’s stock had a trading volume of 37,961 shares, compared to its average volume of 745,958. Timken has a one year low of $41.85 and a one year high of $55.65. The company has a current ratio of 2.39, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 0.76 and a beta of 1.60.&nbsp; </p> <p> <br /> </p> <p> The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Friday, August 17th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.31%. Timken’s dividend payout ratio is 42.59%.&nbsp; </p> <p> <br /> </p> <p> In other news, Director Ward J. Timken, Jr. sold 4,002 shares of the stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $49.10, for a total value of $196,498.20. Following the completion of the sale, the director now directly owns 269,902 shares of the company’s stock, valued at $13,252,188.20. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. 11.15% of the stock is currently owned by corporate insiders.&nbsp; </p> <p> <br /> </p> <p> Several institutional investors and hedge funds have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Timken by 1,368.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,202 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 2,052 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Timken in the second quarter valued at $123,000. Integrated Investment Consultants LLC acquired a new position in shares of Timken in the second quarter valued at $220,000. Palouse Capital Management Inc. acquired a new position in shares of Timken in the second quarter valued at $222,000. Finally, Pitcairn Co. acquired a new position in shares of Timken in the second quarter valued at $233,000. 76.73% of the stock is owned by institutional investors.&nbsp; </p> <p> <br /> </p> A number of equities research analysts have issued reports on TKR shares. Stifel Nicolaus raised Timken from a “hold” rating to a “buy” rating and upped their target price for the stock from $52.00 to $60.00 in a research report on Monday, May 28th. Vertical Research raised Timken from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. ValuEngine raised Timken from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. CL King started coverage on Timken in a research report on Thursday, June 28th. They set a “neutral” rating for the company. Finally, KeyCorp upped their target price on Timken from $54.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.83.<br />