Dividend Growth of Timken Company (The)(TKR)

Timken Company (The)(TKR) is having a Dividend Yield of 2.31% with the Annual cash Dividend per share of $1.04. The last quarter cash dividend per share pay out was $0.26. Timken Company (The) has a 5 year average dividend yield of 2.35% and the stock has a Indicated annual dividend of $1.04. Timken Company (The)(TKR) formally announced its most recent dividend on February 10, 2017 with a Dividend per share of $0.26. The new indicated annual dividend based on announced dividend per share is $1.04. The dividend yield based on the forward looking indicated annual dividend is 2.31%. Timken Company (The)(TKR) has the most recent dividend payout ratio of 0.53 with a 5-year average payout ratio of 0.35. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.18. The 5 year historical dividend growth of Timken Company (The)(TKR) is at the rate of 3.54% while the R-Squared dividend growth is 0.86. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Timken Company (The) (NYSE:TKR) witnessed a decline in the market cap on Thursday as its shares dropped 0.89% or 0.4 points. After the session commenced at $44.85, the stock reached the higher end at $45.05 while it hit a low of $44.1. With the volume soaring to 751,904 shares, the last trade was called at $44.55. The company has a 52-week high of $46.45. The company has a market cap of $3,467 million and there are 77,814,737 shares in outstanding. The 52-week low of the share price is $28.64. Shares of The Timken Company rose by 0.56% in the last five trading days and 1.6% for the last 4 weeks. The Timken Company is up 13.12% in the last 3-month period. Year-to-Date the stock performance stands at 12.22%.

Currently the company Insiders own 10.3% of Timken Company (The) shares according to the proxy statements. Institutional Investors own 75.87% of Timken Company (The) shares. Company has reported several Insider transactions to the SEC, on Feb 15, 2017, William R Burkhart (EVP, GC and Secretary) sold 29,542 shares at 45.49 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.

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 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.

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.


Share this post

Leave a Reply