Timken (NYSE:TKR) Raised to “Buy” at Wall Street Zen

Timken (NYSE:TKR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts have also issued reports about the company. Citigroup decreased their target price on Timken from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Weiss Ratings upgraded shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. DA Davidson set a $130.00 target price on Timken in a research note on Friday, August 14th. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $129.00 to $135.00 in a research note on Tuesday, September 1st. Finally, The Goldman Sachs Group boosted their target price on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Timken Price Performance

Shares of TKR stock opened at $110.83 on Friday. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 1.23 and a beta of 1.19. Timken has a 1 year low of $73.62 and a 1 year high of $146.37. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $117.17 and its 200-day moving average is $117.06.

Timken (NYSE:TKR) last announced 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 business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts forecast that Timken will post 6.25 EPS for the current fiscal year.

Insider Activity at Timken

In other news, Director Richard Kyle sold 13,637 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction 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 represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Timken

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC lifted its stake in shares of Timken by 29.9% in the 1st 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 last quarter. Nykredit A S bought a new position in Timken during the second quarter worth about $108,692,000. Tocqueville Asset Management L.P. bought a new position in Timken in the 2nd quarter valued at $4,506,000. TD Waterhouse Canada Inc. raised its position in Timken by 55.3% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 178,506 shares of the industrial products company’s stock worth $25,320,000 after purchasing an additional 63,553 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Timken in the 2nd quarter valued at $1,466,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Company Profile

Timken is an industrial manufacturer that designs and produces engineered bearings and power transmission products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, gears, belts, chains, couplings, and other components used to manage friction, motion, and power transmission.

The company serves customers across a range of industries, including industrial machinery, renewable energy, transportation, aerospace, defense, agriculture, construction, and energy.