Timken Company (The) (NYSE:TKR) Receives $139.13 Average Target Price from Brokerages

Timken Company (The) (NYSE:TKR) has been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $140.3750.

A number of equities research analysts have recently commented on the company. Morgan Stanley set a $140.00 target price on Timken in a research note on Thursday, May 21st. JPMorgan Chase & Co. raised Timken from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $130.00 to $150.00 in a research report on Tuesday, May 26th. Citigroup increased their price objective on Timken from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Finally, Evercore reaffirmed an “outperform” rating and set a $158.00 price objective on shares of Timken in a research report on Monday, May 11th.

Timken Trading Up 0.2%

NYSE TKR opened at $132.04 on Wednesday. Timken has a 12 month low of $69.25 and a 12 month high of $134.12. The stock has a market cap of $9.18 billion, a P/E ratio of 30.01, a P/E/G ratio of 1.58 and a beta of 1.21. The stock’s fifty day moving average price is $112.43 and its 200-day moving average price is $100.24. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60.

Timken (NYSE:TKR) last released its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities analysts forecast that Timken will post 6.13 EPS for the current fiscal year.

Timken Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. This is a boost from Timken’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, May 19th. Timken’s payout ratio is 32.73%.

Insider Buying and Selling at Timken

In related news, Director Richard G. Kyle sold 8,448 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $127.35, for a total transaction of $1,075,852.80. Following the sale, the director directly owned 197,361 shares of the company’s stock, valued at $25,133,923.35. This trade represents a 4.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $116.51, for a total value of $1,747,650.00. Following the sale, the director directly owned 264,744 shares in the company, valued at $30,845,323.44. This trade represents a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 60,629 shares of company stock worth $7,186,321 over the last ninety days. 8.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new position in Timken in the fourth quarter worth about $25,000. Clearstead Advisors LLC boosted its position in Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. Eastern Bank purchased a new position in Timken in the fourth quarter worth about $27,000. V Square Quantitative Management LLC purchased a new position in Timken in the fourth quarter worth about $31,000. Finally, Kestra Investment Management LLC purchased a new position in Timken in the second quarter worth about $42,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

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.