Timken Company (The) (NYSE:TKR) Receives Average Rating of “Hold” from Analysts

Timken Company (The) (NYSE:TKR) has received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $80.7273.

TKR has been the topic of a number of analyst reports. Evercore ISI set a $84.00 price target on Timken and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Citigroup increased their price target on Timken from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. DA Davidson increased their price target on Timken from $71.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Timken in a research report on Monday, September 15th. They issued a “neutral” rating and a $80.00 price objective for the company.

Timken Stock Up 2.6%

NYSE:TKR opened at $75.10 on Tuesday. The stock’s fifty day moving average price is $76.42 and its two-hundred day moving average price is $72.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.72 and a current ratio of 3.13. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.61 and a beta of 1.26. Timken has a 52-week low of $56.20 and a 52-week high of $86.88.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.08. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Timken had a return on equity of 11.78% and a net margin of 6.86%.The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 EPS. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. On average, analysts anticipate that Timken will post 5.62 EPS for the current year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were given a $0.35 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.9%. Timken’s dividend payout ratio is currently 31.82%.

Institutional Trading of Timken

A number of large investors have recently made changes to their positions in TKR. Livelsberger Financial Advisory bought a new position in Timken during the 2nd quarter worth about $28,000. Steph & Co. bought a new position in shares of Timken in the 2nd quarter valued at about $37,000. CWM LLC grew its holdings in shares of Timken by 31.4% in the 2nd quarter. CWM LLC now owns 527 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 126 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Timken in the 2nd quarter valued at about $42,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Timken by 1,954.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 719 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 684 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.