The Timken Company designs, manufactures, and manages engineered bearingsand power transmission products worldwide. 

Timken (NYSE:TKR – Get Rating) will post its quarterly earnings results before the market opens on Monday, May 2nd. Analysts expect Timken to post earnings of $1.16 per share for the quarter. Timken has set its FY22 guidance at $5.00-5.40 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Timken (NYSE:TKR – Get Rating) last issued its quarterly earnings results on Thursday, February 3rd. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.14). Timken had a return on equity of 15.51% and a net margin of 8.93%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $982.62 million. During the same quarter last year, the firm earned $0.84 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. On average, analysts expect Timken to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of Timken stock opened at $58.75 on Monday. Timken has a 52-week low of $55.32 and a 52-week high of $92.39. The company has a quick ratio of 1.31, a current ratio of 2.47 and a debt-to-equity ratio of 0.59. The company’s 50-day simple moving average is $62.01 and its 200-day simple moving average is $67.25. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 0.98 and a beta of 1.64.

The company also recently declared a quarterly dividend, which was paid on Friday, March 4th. Stockholders of record on Tuesday, February 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from Timken’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 18th. Timken’s payout ratio is 25.05%.

In related news, CFO Philip D. Fracassa sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 18th. The shares were sold at an average price of $68.32, for a total transaction of $341,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.79% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. William Blair Investment Management LLC acquired a new stake in shares of Timken in the fourth quarter worth $447,000. NewEdge Advisors LLC acquired a new stake in shares of Timken in the fourth quarter worth $693,000. Metropolitan Life Insurance Co NY increased its position in shares of Timken by 8.5% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 12,255 shares of the industrial products company’s stock worth $849,000 after acquiring an additional 965 shares in the last quarter. LPL Financial LLC increased its position in shares of Timken by 24.2% in the fourth quarter. LPL Financial LLC now owns 4,348 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 847 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Timken by 11.9% in the fourth quarter. Nuveen Asset Management LLC now owns 137,018 shares of the industrial products company’s stock worth $9,494,000 after acquiring an additional 14,586 shares in the last quarter. 80.55% of the stock is owned by hedge funds and other institutional investors.

everal research analysts have weighed in on the stock. Oppenheimer assumed coverage on shares of Timken in a research report on Wednesday, April 13th. They set an “outperform” rating and a $75.00 target price on the stock. Evercore ISI upgraded shares of Timken from an “in-line” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Tuesday, February 15th. They noted that the move was a valuation call. The Goldman Sachs Group lowered their target price on shares of Timken from $74.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, April 7th. Bank of America lowered shares of Timken from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $85.00 to $80.00 in a research report on Friday, January 7th. Finally, Zacks Investment Research raised shares of Timken from a “sell” rating to a “hold” rating and set a $59.00 price target on the stock in a report on Thursday, April 7th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $78.00.