Timken (NYSE:TKR) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Timken (NYSE:TKR) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Several other equities analysts have also recently weighed in on TKR. The Goldman Sachs Group raised their price objective on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. upped their target price on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. DA Davidson set a $130.00 price target on shares of Timken in a research report on Friday, August 14th. Jefferies Financial Group set a $135.00 price target on shares of Timken in a report on Tuesday, September 1st. Finally, Citigroup upped their price objective on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Timken Price Performance

Shares of NYSE TKR opened at $120.06 on Friday. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 1.36 and a beta of 1.18. 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 has a fifty-two week low of $70.57 and a fifty-two week high of $146.37. The firm’s 50-day simple moving average is $124.04 and its 200 day simple moving average is $122.77.

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

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, August 18th. Timken’s payout ratio is presently 39.02%.

Insider Activity at Timken

In related news, Director Richard Kyle sold 13,637 shares of the business’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 transaction, the director directly owned 183,724 shares of the company’s stock, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.10% of the stock is owned by insiders.

Institutional Trading of Timken

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Timken in the second quarter valued at about $869,997,000. Dimensional Fund Advisors LP raised its holdings in shares of Timken by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after purchasing an additional 214,845 shares during the period. Bank of New York Mellon Corp purchased a new position in Timken in the second quarter valued at approximately $140,755,000. William Blair Investment Management LLC purchased a new stake in Timken in the second quarter worth $138,757,000. Finally, Nykredit A S bought a new stake in shares of Timken in the second quarter valued at $108,692,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

About Timken

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.