As of Friday close, The Timken Company’s (NYSE:TKR) stock was down -$0.87, moving down -1.15 percent to $74.78. The average number of shares traded per day over the past five days has been 638,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.59 fall in that time frame. In the last twenty days, the average volume was 796,740, while in the previous 50 days, it was 637,628.
Since last month, TKR stock retreated -19.65%. Shares of the company fell to $74.69 on 08/18/23, the lowest level in the past month. A 52-week high of $95.08 was reached on 07/12/23 after having rallying from a 52-week low of $58.35. Since the beginning of this year, TKR’s stock price has risen by 5.82% or $4.11, and marked a new high 28 times. However, the stock has declined by -21.35% since its 52-week high.
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TKR stock investors should be aware that The Timken Company (TKR) stock had its last reported insider trading activity 3 days ago on Aug 16. Kyle Richard G, the President and CEO of the company, disposed of 24,000 shares for $76.84 on Aug 16. It resulted in a $1,844,070 divestment by the insider. Kyle Richard G sold 32,379 shares at an average price of $76.50 on Aug 14. The insider now owns 383,082 shares following the transaction. On Aug 07, President and CEO Kyle Richard G sold 31,933 shares at $80.06 apiece. The transaction was valued at $2,556,637.
Valuation Metrics
Right now, The Timken Company (TKR) has a P/E ratio of about 12.66. The stock’s beta is 1.62. Besides these, the trailing price-to-sales (P/S) ratio of 1.12, the price-to-book (PB) ratio of 2.12, and the price-to-cash flow ratio of 12.80 may also be considered.
The latest dividend of $0.33 per share was paid out, remained unchanged from last year’s $0.33. On Friday May 5 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, The Timken Company’s quick ratio stood at 1.40, while its current ratio was 2.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.81, and the total debt-to-equity ratio was 0.83. On the profitability front, the trailing twelve-month gross margin is 30.30% percent. In the year ended June 29, EBITDA margin amounted to 18.20%, whereas operating margins totaled 13.60%. Based on annual data, TKR earned $1.29 billion in gross profit and brought in $4.5 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.10%. Return on equity (ROE) for the past 12 months was 18.70%.
In The Timken Company’s quarter-end financial report for June 29, it reported total debt of $2.05 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TKR’s revenue rose 9.32% to $1.26 billion during the quarter, while net income inched up to $1.27 billion. While analysts expected The Timken Company to report $2.08 quarterly earnings, the actual figure was $2.01 per share, beating the consensus estimate by -3.40%. During the quarter, the company generated $251.9 million in EBITDA. The liabilities of The Timken Company were 3.6 billion at the end of its most recent quarter ended June 29, and its total debt was $2.19 billion. The value of shareholders’ equity is $71.04 million.
Technical Picture
This quick technical analysis looks at The Timken Company’s (TKR) price momentum. With a historical volatility rate of 11.69%, the RSI 9-day stood at 16.05% on 18 August.
With respect to its five-day moving average, the current The Timken Company price is down by -3.35% percent or -$2.59. At present, TKR shares trade -18.27% below its 20-day simple moving average and -4.41% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.51% below its SMA50 and +4.90% above its SMA200.
Stochastic coefficient K was 0.32% and Stochastic coefficient D was 2.38%, while ATR was 2.07. Given the Stochastic reading of 0.46% for the 14-day period, the RSI (14) reading has been calculated as 23.38%. As of today, the MACD Oscillator reading stands at -1.66, while the 14-day reading stands at -4.80.
Analyst Ratings
The Timken Company downgraded its rating on The Timken Company (NYSE: TKR) to a Neutral in a note to investors on July 21, 2023. The analysts firm previously had a Buy rating on the stock.The Timken Company (TKR) has been rated Overweight by analysts. According to 0 brokerage firms, TKR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate The Timken Company stock as buy, with 6 recommending it as overweight.
With a median target price of $100.00, the current consensus forecast for the stock is $82.00 – $120.00. Based on these forecasts, analysts predict The Timken Company (TKR) will achieve an average price target of $98.20.
