TIMKEN COMPANY (THE) (TKR) RECEIVED NEW $45.00 TARGET PRICE AT JEFFERIES GROUP LLC
Resource from: Timken Company (The) (TKR) Received New $45.00 Target Price at Jefferies Group LLC – BangaloreWeekly http://bangaloreweekly.com/2018-05-27-timken-company-the-tkr-given-new-45-00-price-target-at-jefferies-group-llc/ Likes:224
May 28,2018
Timken Company (The) (NYSE:TKR) had its target price increased by Jefferies Group LLC to $45.00 in a report published on Monday morning.
Shares of Timken Company (NYSE:TKR) traded down 1.10% during midday trading on Monday, reaching $45.05. 57,220 shares of the company’s stock traded hands. The firm has a market cap of $3.50 billion, a PE ratio of 23.46 and a beta of 1.39. The company has a 50 day moving average of $43.22 and a 200 day moving average of $37.36. Timken Company has a 52-week low of $28.32 and a 52-week high of $46.45.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Wednesday, February 22nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, February 17th. Timken Company (The)’s dividend payout ratio is currently 54.17%.
Several hedge funds and other institutional investors have recently made changes to their positions in TKR. Tyers Asset Management LLC bought a new position in shares of Timken Company (The) during the fourth quarter worth approximately $130,000. Flinton Capital Management LLC bought a new position in shares of Timken Company (The) during the fourth quarter worth approximately $158,000. LS Investment Advisors LLC raised its position in shares of Timken Company (The) by 8.8% in the third quarter. LS Investment Advisors LLC now owns 4,593 shares of the company’s stock worth $161,000 after buying an additional 371 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Timken Company (The) by 118.7% in the third quarter. Acrospire Investment Management LLC now owns 5,527 shares of the company’s stock worth $194,000 after buying an additional 3,000 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of Timken Company (The) during the third quarter worth approximately $206,000. 75.87% of the stock is owned by institutional investors and hedge funds.
Timken Company (The) Company Profile
The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries, which offers bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers and related products and maintenance services, and Process Industries, which provides industrial bearings and assemblies, power transmission components such as gears and gearboxes, couplings, seals, lubricants, chains and related products and services.
Shares of Timken Company (NYSE:TKR) traded down 1.10% during midday trading on Monday, reaching $45.05. 57,220 shares of the company’s stock traded hands. The firm has a market cap of $3.50 billion, a PE ratio of 23.46 and a beta of 1.39. The company has a 50 day moving average of $43.22 and a 200 day moving average of $37.36. Timken Company has a 52-week low of $28.32 and a 52-week high of $46.45.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Wednesday, February 22nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, February 17th. Timken Company (The)’s dividend payout ratio is currently 54.17%.
Several hedge funds and other institutional investors have recently made changes to their positions in TKR. Tyers Asset Management LLC bought a new position in shares of Timken Company (The) during the fourth quarter worth approximately $130,000. Flinton Capital Management LLC bought a new position in shares of Timken Company (The) during the fourth quarter worth approximately $158,000. LS Investment Advisors LLC raised its position in shares of Timken Company (The) by 8.8% in the third quarter. LS Investment Advisors LLC now owns 4,593 shares of the company’s stock worth $161,000 after buying an additional 371 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Timken Company (The) by 118.7% in the third quarter. Acrospire Investment Management LLC now owns 5,527 shares of the company’s stock worth $194,000 after buying an additional 3,000 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of Timken Company (The) during the third quarter worth approximately $206,000. 75.87% of the stock is owned by institutional investors and hedge funds.
Timken Company (The) Company Profile
The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries, which offers bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers and related products and maintenance services, and Process Industries, which provides industrial bearings and assemblies, power transmission components such as gears and gearboxes, couplings, seals, lubricants, chains and related products and services.
(Timken Company (The) (TKR) Received New $45.00 Target Price at Jefferies Group LLC – BangaloreWeekly http://bangaloreweekly.com/2018-05-27-timken-company-the-tkr-given-new-45-00-price-target-at-jefferies-group-llc/)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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