Timken Company (The) (NYSE:TKR) Stock Has Average Price Target of $145.00 According to Analysts

Timken Company (The) (NYSE:TKR) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $145.00.

TKR has been the topic of a number of research reports. KeyCorp boosted their target price on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. JPMorgan Chase & Co. increased their price target on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Jefferies Financial Group set a $135.00 target price on shares of Timken in a report on Tuesday, September 1st. DA Davidson set a $130.00 price target on Timken in a research report on Friday, August 14th. Finally, Bank of America upgraded Timken from a “neutral” rating to a “buy” rating and upped their price target for the stock from $129.00 to $135.00 in a research note on Tuesday, September 1st.

Insider Transactions at Timken

In other Timken news, Director Richard Kyle sold 13,637 shares of the stock in a transaction 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 sale, the director directly owned 183,724 shares in the company, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Timken

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of Timken during the second quarter worth $37,000. Elevation Wealth Partners LLC grew its position 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 valued at $38,000 after purchasing an additional 210 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Timken in the second quarter worth about $41,000. IFP Advisors Inc increased its holdings in shares of Timken by 1,038.5% in the third quarter. IFP Advisors Inc now owns 296 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 270 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of Timken in the third quarter worth about $43,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Trading Down 3.5%

Shares of TKR stock opened at $110.83 on Friday. The stock has a market capitalization of $7.68 billion, a PE ratio of 30.04, a P/E/G ratio of 1.27 and a beta of 1.18. The business has a 50-day moving average of $117.17 and a 200 day moving average of $117.06. Timken has a 1-year low of $73.62 and a 1-year high of $146.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74.

Timken (NYSE:TKR) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company posted $1.12 EPS. The company’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. As a group, sell-side analysts anticipate that Timken will post 6.25 earnings per share for the current year.

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were issued a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.44 annualized dividend and a yield of 1.3%. Timken’s payout ratio is 39.02%.

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.