Timken Company (The)s in-depth stock price analysis indicates that the stock price has rallied 18.04% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 32.21% . Looking at the past 52 week period, the stock price is up at 51.05% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Timken Company (The) has a positive value of 18.54 compared to overall market. Timken Company (The) (NYSE:TKR) has climbed 1.23% in the past week and advanced 2.15% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.42% and the outperformance has advanced to 0.32% for the last 4 weeks period.
Timken Company (The) (NYSE:TKR) : On Friday heightened volatility was witnessed in Timken Company (The) (NYSE:TKR) which led to swings in the share price. The stock opened for trading at $45 and hit $45.85 on the upside , eventually ending the session at $45.15, with a gain of 1.92% or 0.85 points. The heightened volatility saw the trading volume jump to 1,300,384 shares. The 52-week high of the share price is $45.85 and the company has a market cap of $3,513 million. The 52-week low of the share price is at $27.63 .
Timken Co Last issued its quarterly earnings results on Feb 9, 2017. The company reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.45. The company had revenue of $654.80 million for the quarter, compared to analysts expectations of $642.20 million. The companys revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Downgraded by Stifel on Dec 8, 2016 to Hold, Raises Price Target to $ 42 from a previous price target of $37 .Timken Co was Downgraded by BofA/Merrill to Neutral on Nov 17, 2016.
Company has reported several Insider transactions to the SEC, on Aug 29, 2016, William R Burkhart (EVP, GC and Secretary) sold 4,235 shares at 34.37 per share price.On Aug 24, 2016, Philip D. Fracassa (EVP & CFO) sold 2,229 shares at 34.27 per share price.On Jun 1, 2016, Jacqueline F Woods (director) sold 2,500 shares at 33.74 per share price.
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 companys growing product and services portfolio features many strong industrial brands including Timken, Fafnir, Philadelphia Gear, Carlisle, Drives and Interlube.