Timken (NYSE:TKR) Hits New 12-Month High – Time to Buy?

Timken Company (The) (NYSE:TKR)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $94.68 and last traded at $93.5470, with a volume of 538080 shares. The stock had previously closed at $90.65.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. DA Davidson increased their price target on shares of Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Citigroup raised their target price on Timken from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Oppenheimer reissued an “outperform” rating on shares of Timken in a report on Monday, November 24th. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $83.70.

Timken Trading Up 3.7%

The company has a quick ratio of 1.71, a current ratio of 3.11 and a debt-to-equity ratio of 0.63. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.82 and a beta of 1.21. The firm has a 50 day moving average price of $84.64 and a two-hundred day moving average price of $79.65.

Timken (NYSE:TKR) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.25 by $0.12. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Timken had a return on equity of 11.88% and a net margin of 6.54%.The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 earnings per share. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities analysts forecast that Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 25th. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Timken’s dividend payout ratio is 33.10%.

Insiders Place Their Bets

In related news, Director Richard G. Kyle sold 15,837 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total value of $1,283,272.11. Following the transaction, the director owned 266,942 shares in the company, valued at $21,630,310.26. The trade was a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Mather Group LLC. bought a new stake in shares of Timken during the 3rd quarter valued at about $25,000. Eastern Bank bought a new stake in Timken in the fourth quarter worth approximately $27,000. SJS Investment Consulting Inc. lifted its stake in Timken by 4,512.5% in the third quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock valued at $28,000 after buying an additional 361 shares during the period. Steph & Co. bought a new position in shares of Timken during the 2nd quarter worth approximately $37,000. Finally, CWM LLC boosted its holdings in shares of Timken by 31.4% during the 2nd quarter. CWM LLC now owns 527 shares of the industrial products company’s stock worth $38,000 after buying an additional 126 shares in the last quarter. 89.08% of the stock is owned by 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.