Today’s Stock On Watch: What’s Timken Co Downside After Today’s Big Decline?

Today's Stock On Watch: What's Timken Co Downside After Today's Big Decline?

The stock of Timken Co (NYSE:TKR) is a huge mover today! About 607,338 shares traded hands. Timken Co (NYSE:TKR) has risen 14.50% since April 14, 2016 and is uptrending. It has outperformed by 9.81% the S&P500.
The move comes after 9 months negative chart setup for the $3.05B company. It was reported on Nov, 16 by Barchart.com. We have $35.15 PT which if reached, will make NYSE:TKR worth $274.50 million less.

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. Topeka Capital Markets initiated the stock with “Hold” rating in Thursday, May 26 report. The stock of Timken Co (NYSE:TKR) has “Buy” rating given on Thursday, April 28 by Stifel Nicolaus. As per Monday, November 7, the company rating was upgraded by Evercore. Jefferies downgraded the shares of TKR in a report on Wednesday, January 20 to “Hold” rating. The firm has “Outperform” rating by Avondale given on Monday, July 11. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 29. The firm has “Market Perform” rating given on Monday, March 21 by Avondale. The firm has “Neutral” rating by Goldman Sachs given on Monday, March 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 2016 Q2. 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.
Great West Life Assurance Can holds 0% of its portfolio in Timken Co (NYSE:TKR) for 9,406 shares. First Interstate Bankshares accumulated 0% or 100 shares. Moreover, Blackrock Advsr Ltd Liability has 0% invested in Timken Co (NYSE:TKR) for 38,893 shares. Gotham Asset Mngmt Limited accumulated 18,851 shares or 0.01% of the stock. The California-based Americafirst Capital Mgmt Limited has invested 0% in Timken Co (NYSE:TKR). Washington Tru National Bank & Trust, a Washington-based fund reported 1,400 shares. Moreover, Clinton Group has 0.23% invested in Timken Co (NYSE:TKR) for 168,459 shares. Citadel Advsrs Limited Liability last reported 170,120 shares in the company. Profund Lc last reported 0.02% of its portfolio in the stock. South Dakota Investment Council last reported 0.05% of its portfolio in the stock. Moreover, Stevens Cap Mgmt Limited Partnership has 0.04% invested in Timken Co (NYSE:TKR) for 29,667 shares. Retirement Systems Of Alabama reported 147,109 shares or 0.03% of all its holdings. Credit Agricole S A holds 10,648 shares or 0% of its portfolio. Panagora Asset Mgmt Inc owns 91,385 shares or 0.01% of their US portfolio. Plante Moran Finance Lc owns 87 shares or 0% of their US portfolio.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 4 sales for $347,883 net activity. 1,250 shares with value of $41,588 were sold by WOODS JACQUELINE F on Tuesday, May 24. 2,229 shares were sold by Fracassa Philip D., worth $76,388. Another trade for 4,235 shares valued at $145,557 was made by BURKHART WILLIAM R on Monday, August 29.

More recent Timken Co (NYSE:TKR) news were published by: Reuters.com which released: “BRIEF-Timken Co acquires EDT Corp” on November 01, 2016. Also Crainscleveland.com published the news titled: “Timken Co. buys Lovejoy Inc. for $66M, names new president for the maker of …” on July 08, 2016. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Cogent Communications Holdings, NICE and Timken” with publication date: November 16, 2016 was also an interesting one.

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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