Today’s Market Runner: What’s Timken Co Upside After Today’s Significant Increase?

Today's Market Runner: What's Timken Co Upside After Today's Significant Increase?

The stock of Timken Co (NYSE:TKR) is a huge mover today! About 844,317 shares traded hands or 42.62% up from the average. Timken Co (NYSE:TKR) has risen 10.89% since April 8, 2016 and is uptrending. It has outperformed by 5.24% the S&P500.
The move comes after 8 months positive chart setup for the $3.25 billion company. It was reported on Nov, 10 by Barchart.com. We have $48.96 PT which if reached, will make NYSE:TKR worth $877.50 million more.

Timken Co (NYSE:TKR) Ratings Coverage

Out of 6 analysts covering The Timken Company (NYSE:TKR), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. The Timken Company has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, July 11 by Avondale. Evercore upgraded the stock to “Buy” rating in Monday, November 7 report. The firm has “Market Perform” rating by Avondale given on Monday, March 21. The company was initiated on Thursday, May 26 by Topeka Capital Markets. The firm earned “Buy” rating on Thursday, October 29 by Stifel Nicolaus. The firm earned “Hold” rating on Wednesday, January 20 by Jefferies. The stock of Timken Co (NYSE:TKR) has “Neutral” rating given on Monday, March 28 by Goldman Sachs. The stock of Timken Co (NYSE:TKR) earned “Buy” rating by Stifel Nicolaus on Thursday, April 28.

According to Zacks Investment Research, “The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, belts, chain and related products, and offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today applies its deep knowledge of metallurgy, tribology and mechanical power transmission across a variety of bearings and related systems to improve reliability and efficiency of machinery and equipment all around the world. The company’s growing product and services portfolio features many strong industrial brands including Timken, Fafnir, Philadelphia Gear, Carlisle, Drives and Interlube.”

Insitutional Activity: The institutional sentiment increased to 1.14 in Q2 2016. Its up 0.40, from 0.74 in 2016Q1. The ratio improved, as 26 funds sold all Timken Co shares owned while 84 reduced positions. 45 funds bought stakes while 80 increased positions. They now own 58.58 million shares or 2.78% less from 60.25 million shares in 2016Q1.
Kimelman Baird Lc, a New York-based fund reported 12,800 shares. The Massachusetts-based Babson Cap Mgmt Limited Liability Company has invested 0.02% in Timken Co (NYSE:TKR). Arizona State Retirement System has invested 0.01% of its portfolio in Timken Co (NYSE:TKR). State Of Wisconsin Board, a Wisconsin-based fund reported 113,708 shares. Engineers Gate Manager Ltd Partnership has 0.02% invested in the company for 11,239 shares. First Interstate Savings Bank has 0% invested in the company for 100 shares. Bragg holds 0.37% or 66,850 shares in its portfolio. Oregon Public Employees Retirement Fund has 0.02% invested in the company for 35,086 shares. Beddow Capital Mngmt Incorporated has invested 1.74% of its portfolio in Timken Co (NYSE:TKR). Dreman Value Management L L C has invested 0% of its portfolio in Timken Co (NYSE:TKR). The Ohio-based Meeder Asset Management has invested 0.03% in Timken Co (NYSE:TKR). Kempen Cap Nv has 7,585 shares for 0.03% of their US portfolio. State Board Of Administration Of Florida Retirement System holds 0.01% of its portfolio in Timken Co (NYSE:TKR) for 115,082 shares. Sg Americas Securities Lc, a New York-based fund reported 57,717 shares. Fund Mgmt Sa accumulated 24,544 shares or 0.01% of the stock.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 4 sales for $347,883 net activity. The insider WOODS JACQUELINE F sold $84,350. $76,388 worth of Timken Co (NYSE:TKR) was sold by Fracassa Philip D.. Shares for $145,557 were sold by BURKHART WILLIAM R on Monday, August 29.

More news for Timken Co (NYSE:TKR) were recently published by: Reuters.com, which released: “BRIEF-Timken Co acquires EDT Corp” on November 01, 2016. Crainscleveland.com‘s article titled: “Timken Co. buys Lovejoy Inc. for $66M, names new president for the maker of …” and published on July 08, 2016 is yet another important article.

TKR Company Profile

The Timken Company, incorporated on December 16, 1904, engineers, makes and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Firm operates through two divisions: Mobile Industries and Process Industries. The Company’s industrial brands include Timken, Fafnir, Philadelphia Gear, Drives and Interlube. The Company’s global footprint consists of approximately 60 manufacturing facilities/service centers, over 10 technology and engineering centers and over 30 distribution centers and warehouses. The Firm operates in approximately 30 countries and territories around the globe. The Firm sells services and products to the market sectors, such as industrial equipment, construction, agriculture, rail, aerospace and defense, automotive, heavy truck and energy.

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