Timken (NYSE:TKR) announced its earnings results on Tuesday, July 31st. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03, Bloomberg Earnings reports. The firm had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $904.77 million. Timken had a return on equity of 18.39% and a net margin of 7.60%. The company’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Timken updated its FY18 guidance to $4.10-4.20 EPS.

Shares of TKR traded up $0.67 during mid-day trading on Tuesday, hitting $48.57. The company’s stock had a trading volume of 37,961 shares, compared to its average volume of 745,958. Timken has a one year low of $41.85 and a one year high of $55.65. The company has a current ratio of 2.39, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 0.76 and a beta of 1.60. 

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Friday, August 17th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.31%. Timken’s dividend payout ratio is 42.59%. 

In other news, Director Ward J. Timken, Jr. sold 4,002 shares of the stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $49.10, for a total value of $196,498.20. Following the completion of the sale, the director now directly owns 269,902 shares of the company’s stock, valued at $13,252,188.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.15% of the stock is currently owned by corporate insiders. 

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Timken by 1,368.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,202 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 2,052 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Timken in the second quarter valued at $123,000. Integrated Investment Consultants LLC acquired a new position in shares of Timken in the second quarter valued at $220,000. Palouse Capital Management Inc. acquired a new position in shares of Timken in the second quarter valued at $222,000. Finally, Pitcairn Co. acquired a new position in shares of Timken in the second quarter valued at $233,000. 76.73% of the stock is owned by institutional investors. 

A number of equities research analysts have issued reports on TKR shares. Stifel Nicolaus raised Timken from a “hold” rating to a “buy” rating and upped their target price for the stock from $52.00 to $60.00 in a research report on Monday, May 28th. Vertical Research raised Timken from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. ValuEngine raised Timken from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. CL King started coverage on Timken in a research report on Thursday, June 28th. They set a “neutral” rating for the company. Finally, KeyCorp upped their target price on Timken from $54.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.83.