Timken (NYSE:TKR) Price Target Raised to $119.00

Timken (NYSE:TKR) had its price objective boosted by equities researchers at Morgan Stanley from $116.00 to $119.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Morgan Stanley’s target price indicates a potential upside of 24.08% from the company’s previous close.

Several other analysts have also recently issued reports on TKR. DA Davidson upped their price objective on Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Oppenheimer set a $108.00 price objective on Timken in a research note on Thursday, February 5th. Citigroup boosted their target price on shares of Timken from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $95.22.

Timken Stock Performance

Timken stock traded down $1.65 during trading hours on Monday, reaching $95.91. 386,160 shares of the stock were exchanged, compared to its average volume of 821,307. The stock has a market cap of $6.69 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.43 and a beta of 1.18. The firm’s 50 day moving average is $101.38 and its 200 day moving average is $87.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.82. Timken has a 52-week low of $56.20 and a 52-week high of $111.39.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. Analysts predict that Timken will post 5.62 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Richard G. Kyle sold 19,636 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $107.99, for a total value of $2,120,491.64. Following the completion of the transaction, the director directly owned 243,636 shares of the company’s stock, valued at approximately $26,310,251.64. This trade represents a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC boosted its stake in Timken by 112.6% in the fourth quarter. Corient Private Wealth LLC now owns 18,002 shares of the industrial products company’s stock valued at $1,522,000 after buying an additional 9,534 shares in the last quarter. Redwood Family Wealth LLC bought a new position in Timken in the fourth quarter valued at about $210,000. DGS Capital Management LLC bought a new stake in shares of Timken during the fourth quarter worth about $207,000. Invesco Ltd. increased its stake in shares of Timken by 1.0% in the fourth quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after buying an additional 13,459 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Timken by 6.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 47,807 shares of the industrial products company’s stock worth $4,022,000 after acquiring an additional 2,939 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

About Timken

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.