Timken (NYSE:TKR) Stock Rating Reaffirmed as “Outperform” by Oppenheimer

Timken (NYSE:TKR)‘s stock had its “outperform” rating reissued by research analysts at Oppenheimer in a research note issued to investors on Thursday, Benzinga reports. They presently have a $150.00 price objective on the industrial products company’s stock. Oppenheimer’s price objective points to a potential upside of 28.41% from the company’s current price.

Several other equities analysts have also issued reports on the company. Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 20th. DA Davidson set a $130.00 price objective on Timken in a report on Friday, August 14th. Bank of America raised Timken from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $129.00 to $135.00 in a report on Tuesday, September 1st. Citigroup raised their price objective on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group set a $135.00 price target on Timken in a report on Tuesday, September 1st. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Timken Stock Performance

Shares of TKR stock opened at $116.81 on Thursday. The stock’s 50-day moving average is $125.27 and its two-hundred day moving average is $122.30. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 1.30 and a beta of 1.21. Timken has a 1 year low of $70.57 and a 1 year high of $146.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10.

Timken (NYSE:TKR) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.21. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. Timken had a return on equity of 12.63% and a net margin of 5.43%.The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Analysts predict that Timken will post 6.25 earnings per share for the current year.

Insider Activity

In related news, Director Richard Kyle sold 13,637 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the completion of the sale, the director owned 183,724 shares in the company, valued at $23,264,970.12. This trade represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Timken

Hedge funds have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC lifted its position in Timken by 29.9% in the first quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock valued at $45,409,000 after purchasing an additional 103,904 shares during the period. Regents Gate Capital LLP purchased a new stake in shares of Timken during the 4th quarter worth approximately $9,126,000. State of Wyoming purchased a new stake in shares of Timken during the 2nd quarter worth approximately $1,466,000. Van Den Berg Management I Inc. boosted its stake in shares of Timken by 43.2% during the 4th quarter. Van Den Berg Management I Inc. now owns 59,686 shares of the industrial products company’s stock worth $5,021,000 after acquiring an additional 18,011 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Timken by 247.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 51,195 shares of the industrial products company’s stock worth $5,149,000 after acquiring an additional 36,455 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Company Profile

Timken (NYSE: TKR) is an engineered bearings and industrial motion products company. Its offerings include tapered, spherical, cylindrical, needle and precision bearings, as well as seals and lubrication systems designed to reduce friction, manage loads and support the performance of mechanical equipment.

Through its Industrial Motion business, Timken also provides products such as mechanical power transmission components, chains, belts, couplings, linear motion systems and gear drives.