Timken Company (The) (NYSE:TKR) Given Consensus Rating of “Hold” by Analysts

Timken Company (The) (NYSE:TKR) has received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings 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 target price among brokers that have issued ratings on the stock in the last year is $83.20.

TKR has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Citigroup lifted their target price on Timken from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Oppenheimer reissued an “outperform” rating on shares of Timken in a report on Monday, November 24th. The Goldman Sachs Group restated a “neutral” rating and set a $88.00 price objective on shares of Timken in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st.

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 15,837 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $81.03, for a total value of $1,283,272.11. Following the completion of the sale, the director directly owned 266,942 shares of the company’s stock, valued at $21,630,310.26. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. increased its holdings 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 acquiring an additional 455,050 shares during the last quarter. UBS Group AG increased its stake in shares of Timken by 734.7% in the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after purchasing an additional 2,012,352 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Timken by 34.8% in the third quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock valued at $112,256,000 after purchasing an additional 385,389 shares during the period. Cooke & Bieler LP raised its position in shares of Timken by 28.6% in the third quarter. Cooke & Bieler LP now owns 1,423,361 shares of the industrial products company’s stock valued at $107,008,000 after purchasing an additional 316,380 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Timken by 124.5% during the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after buying an additional 753,275 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Timken Stock Up 2.8%

Timken stock opened at $90.55 on Friday. Timken has a fifty-two week low of $56.20 and a fifty-two week high of $91.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.71 and a current ratio of 3.11. The firm’s 50-day simple moving average is $82.41 and its 200 day simple moving average is $78.59. The stock has a market cap of $6.31 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.68 and a beta of 1.21.

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

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors 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 annualized dividend and a yield of 1.5%. Timken’s dividend payout ratio is presently 33.10%.

Timken Company Profile

The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products. Its core offerings include tapered and cylindrical roller bearings, spherical and plain bearings, mounted bearing units, and precision gear drives. Timken’s products serve a broad range of industries, from industrial machinery and aerospace to automotive, rail, wind energy and heavy equipment.

Beyond bearings, Timken’s portfolio extends to industrial chains, belts, couplings and related components designed to optimize power transmission systems.