Timken (NYSE:TKR) Price Target Raised to $150.00

Timken (NYSE:TKR) had its price target lifted by Oppenheimer from $147.00 to $150.00 in a research note released on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the industrial products company’s stock.

Several other research analysts have also recently issued reports on the company. KeyCorp upped their price target on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research note on Friday, July 17th. Morgan Stanley set a $140.00 target price on Timken in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their target price on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Citigroup boosted their target price on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Timken currently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Timken Trading Down 0.6%

Shares of Timken stock opened at $140.80 on Tuesday. The business has a fifty day simple moving average of $134.27 and a 200-day simple moving average of $113.66. 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 $9.79 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 1.69 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 released its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. The firm had revenue of $1.23 billion for 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%.Timken’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, equities analysts forecast that Timken will post 6.16 EPS for the current fiscal year.

Timken Increases Dividend

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

Insider Buying and Selling

In other news, Director Richard G. Kyle sold 37,181 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $117.34, for a total value of $4,362,818.54. Following the completion of the sale, the director owned 206,455 shares of the company’s stock, valued at $24,225,429.70. This trade represents a 15.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction on 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 transaction, the director owned 20,225 shares in the company, valued at $2,656,351.50. This represents a 29.47% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 69,079 shares of company stock valued at $8,296,144. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Timken

Several hedge funds have recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd purchased a new position in Timken during the 4th quarter valued at about $25,000. Clearstead Advisors LLC lifted its position in shares of Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Eastern Bank purchased a new stake in shares of Timken in the fourth quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new stake in shares of Timken during the fourth quarter worth approximately $31,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Timken by 420.0% during the second quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 210 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.

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.