Timken Company (The) (NYSE:TKR) Receives $82.20 Consensus Target Price from Analysts

Timken Company (The) (NYSE:TKR) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $83.20.

Several analysts have weighed in on TKR shares. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $88.00 price objective on shares of Timken in a research note on Thursday, October 30th. Oppenheimer reiterated an “outperform” rating on shares of Timken in a research report on Monday, November 24th. DA Davidson increased their price target on shares of Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Finally, Evercore ISI set a $84.00 price objective on shares of Timken and gave the company an “outperform” rating in a research note on Tuesday, August 19th.

Timken Stock Down 1.5%

Timken stock opened at $85.73 on Wednesday. Timken has a twelve month low of $56.20 and a twelve month high of $89.21. The business has a fifty day moving average of $78.73 and a two-hundred day moving average of $76.86. The firm has a market cap of $5.97 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.91 and a beta of 1.22. The company has a quick ratio of 1.71, a current ratio of 3.11 and a debt-to-equity ratio of 0.63.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. Timken had a net margin of 6.54% and a return on equity of 11.88%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. Timken’s revenue for the quarter was up 2.7% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. On average, analysts forecast that Timken will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were paid a $0.35 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. Timken’s dividend payout ratio is presently 33.10%.

Insider Activity

In other Timken news, Director Richard G. Kyle sold 15,837 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $81.03, for a total transaction of $1,283,272.11. Following the transaction, the director owned 266,942 shares in the company, valued at approximately $21,630,310.26. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Timken

Several institutional investors have recently modified their holdings of TKR. UBS Group AG grew its holdings in shares of Timken by 734.7% during the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after buying an additional 2,012,352 shares in the last quarter. Channing Capital Management LLC boosted its position in Timken by 631.7% during the first quarter. Channing Capital Management LLC now owns 1,083,666 shares of the industrial products company’s stock worth $77,883,000 after acquiring an additional 935,554 shares during the last quarter. Cooke & Bieler LP grew its stake in Timken by 341.0% during the 2nd quarter. Cooke & Bieler LP now owns 1,106,981 shares of the industrial products company’s stock valued at $80,311,000 after acquiring an additional 855,961 shares in the last quarter. Invesco Ltd. raised its holdings in Timken by 124.5% in the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after acquiring an additional 753,275 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Timken by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock worth $278,968,000 after purchasing an additional 455,050 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.