Timken Company (The) (NYSE:TKR) Receives $141.62 Average Price Target from Brokerages

Timken Company (The) (NYSE:TKR) has received a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $141.6250.

Several research firms have weighed in on TKR. Morgan Stanley set a $140.00 target price on shares of Timken in a research note on Thursday, May 21st. JPMorgan Chase & Co. raised shares of Timken from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $150.00 in a report on Tuesday, May 26th. Evercore reaffirmed an “outperform” rating and set a $158.00 price objective on shares of Timken in a research report on Monday, May 11th. The Goldman Sachs Group set a $128.00 price objective on shares of Timken in a research report on Friday, May 22nd. Finally, KeyCorp raised their target price on shares of Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th.

Timken Stock Up 0.2%

Shares of Timken stock opened at $139.37 on Friday. The business has a 50-day moving average price of $127.04 and a 200 day moving average price of $108.27. Timken has a fifty-two week low of $70.57 and a fifty-two week high of $146.37. The firm has a market cap of $9.69 billion, a P/E ratio of 31.68, a P/E/G ratio of 1.66 and a beta of 1.20. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 0.60.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.50 by $0.17. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, sell-side analysts forecast that Timken will post 6.14 earnings per share for the current fiscal year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, May 19th. This is a positive change from Timken’s previous quarterly dividend of $0.35. Timken’s payout ratio is currently 32.73%.

Insider Buying and Selling at Timken

In related news, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $131.34, for a total value of $1,109,823.00. Following the sale, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. This trade represents a 29.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard G. Kyle sold 8,448 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $127.35, for a total transaction of $1,075,852.80. Following the transaction, the director directly owned 197,361 shares of the company’s stock, valued at $25,133,923.35. The trade was a 4.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 69,079 shares of company stock worth $8,296,144. 8.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Timken

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in Timken by 26.9% in the 2nd quarter. Versant Capital Management Inc now owns 1,264 shares of the industrial products company’s stock worth $184,000 after buying an additional 268 shares in the last quarter. Parallel Advisors LLC raised its stake in Timken by 4.1% during the 1st quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 116 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Timken by 29.9% during the 1st quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock valued at $45,409,000 after acquiring an additional 103,904 shares in the last quarter. Amundi boosted its position in Timken by 151.1% during the 1st quarter. Amundi now owns 8,885 shares of the industrial products company’s stock worth $894,000 after acquiring an additional 5,347 shares during the period. Finally, Parvin Asset Management LLC boosted its position in Timken by 16.5% during the 1st quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 130 shares during the period. Institutional investors own 89.08% of the company’s stock.

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.