Timken (NYSE:TKR) Now Covered by DA Davidson

Equities research analysts at DA Davidson initiated coverage on shares of Timken (NYSE:TKR) in a research report issued to clients and investors on Tuesday. The firm set a “neutral” rating and a $130.00 price target on the industrial products company’s stock. DA Davidson’s price objective indicates a potential downside of 7.85% from the stock’s current price.

A number of other analysts also recently issued reports on TKR. Oppenheimer raised their price target on shares of Timken from $137.00 to $147.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. JPMorgan Chase & Co. upgraded Timken from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $130.00 to $150.00 in a report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. KeyCorp lifted their target price on Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group set a $128.00 price target on Timken in a research note on Friday, May 22nd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.63.

Timken Trading Up 1.4%

Shares of NYSE TKR traded up $1.95 during trading on Tuesday, hitting $141.07. 16,192 shares of the company were exchanged, compared to its average volume of 885,387. The company has a fifty day moving average price of $116.91 and a 200-day moving average price of $102.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. The firm has a market capitalization of $9.80 billion, a PE ratio of 32.09, a P/E/G ratio of 1.64 and a beta of 1.21. Timken has a 12-month low of $69.25 and a 12-month high of $142.92.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $1.40 earnings per share. Timken’s revenue was up 8.0% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities research analysts expect that Timken will post 6.13 EPS for the current year.

Insider Transactions at Timken

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 transaction of $4,362,818.54. Following the completion of the transaction, the director directly owned 206,455 shares in the company, valued at $24,225,429.70. This trade represents a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ajita G. Rajendra sold 8,450 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the sale, the director owned 20,225 shares in the company, valued at $2,656,351.50. This trade represents a 29.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 69,079 shares of company stock worth $8,296,144 over the last ninety days. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Timken

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of Timken by 44.2% during the 1st quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock worth $6,508,000 after acquiring an additional 27,750 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Timken by 147.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock valued at $25,569,000 after purchasing an additional 211,718 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Timken by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock worth $16,305,000 after acquiring an additional 16,000 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Timken by 18.7% during the 2nd quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 1,075 shares during the period. Finally, Invesco Ltd. increased its holdings in Timken by 241.7% in the second quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock valued at $43,884,000 after buying an additional 427,879 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

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.