Timken Co (NYSE:TKR)’s stock price rose 5.3% during mid-day trading on Tuesday . The company traded as high as $44.30 and last traded at $44.27, approximately 660,294 shares changed hands during mid-day trading. A decline of 5% from the average daily volume of 693,453 shares. The stock had previously closed at $42.06.

Several analysts have recently issued reports on TKR shares. Zacks Investment Research raised Timken from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Bank of America lowered shares of Timken from a “buy” rating to a “neutral” rating and set a $55.00 target price for the company. in a report on Monday, July 15th. ValuEngine cut shares of Timken from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Goldman Sachs Group upgraded shares of Timken from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $56.00 in a research report on Tuesday, July 16th. Finally, Morgan Stanley began coverage on shares of Timken in a research note on Monday, June 10th. They set an “equal weight” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $55.75.

The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.47 and a current ratio of 2.68. The stock’s fifty day moving average is $42.14 and its 200 day moving average is $45.61. The stock has a market cap of $3.12 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.99 and a beta of 1.79.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.18). Timken had a return on equity of 21.40% and a net margin of 8.38%. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $1.11 earnings per share. The company’s revenue was up 10.3% compared to the same quarter last year. Equities research analysts predict that Timken Co will post 4.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Tuesday, August 20th. Timken’s payout ratio is 26.79%.

In related news, Director John M. Timken, Jr. bought 5,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average price of $38.04 per share, for a total transaction of $190,200.00. Following the acquisition, the director now owns 397,734 shares in the company, valued at $15,129,801.36. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 11.58% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Preferred LLC purchased a new position in shares of Timken during the 2nd quarter worth about $37,000. NumerixS Investment Technologies Inc bought a new position in Timken during the 2nd quarter valued at about $56,000. Bank of Montreal Can grew its holdings in Timken by 17.7% during the 1st quarter. Bank of Montreal Can now owns 2,427 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 365 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Timken in the 2nd quarter worth about $112,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Timken in the 2nd quarter worth about $115,000. 78.50% of the stock is currently owned by institutional investors and hedge funds.

About Timken (NYSE:TKR)

The Timken Company engineers, manufactures, and markets engineered bearings and power transmission products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives.

Read More: Stop Order Uses For Individual Investors

Receive News & Ratings for Timken Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken and related companies with MarketBeat.com's FREE daily email newsletter.