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Jefferies Maintains Their Buy Rating on Timken Company (TKR)

Jefferies analyst Stephen Volkmann maintained a Buy rating on Timken Company (TKRResearch Report) on July 28 and set a price target of $75.00. The company’s shares closed last Friday at $65.38.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 17.9% and a 63.0% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Lennox International, Illinois Tool Works, and Trane Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Timken Company with a $70.83 average price target, which is an 11.2% upside from current levels. In a report issued on July 29, Stifel Nicolaus also maintained a Buy rating on the stock with a $75.00 price target.

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The company has a one-year high of $79.94 and a one-year low of $50.85. Currently, Timken Company has an average volume of 475.1K.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TKR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Timken Co. engages in the engineering, manufacturing and marketing of bearings and power transmission products. It offers gearboxes, belts, chain, lubrication systems, couplings, industrial clutches and brakes. It operates through the Mobile Industries and Process Industries segments. The Mobile Industries segment serves OEM customers that manufacture off-highway equipment for the agricultural, mining and construction markets; on-highway vehicles including passenger cars, light trucks, and medium- and heavy-duty trucks; rail cars and locomotives; outdoor power equipment; and rotorcraft and fixed-wing aircraft. The Process Industries segment handles OEM and end-user customers in industries that place heavy demands on the fixed operating equipment they make or use in heavy and other general industrial sectors. The company was founded by Henry Timken in 1899 and is headquartered in North Canton, OH.

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