Oppenheimer Issues Positive Forecast for Timken (NYSE:TKR) Stock Price
by Amy Steele · The Cerbat GemTimken (NYSE:TKR – Get Free Report) had its price objective hoisted by investment analysts at Oppenheimer from $108.00 to $117.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price target suggests a potential upside of 8.01% from the company’s current price.
TKR has been the subject of several other research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, January 21st. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. DA Davidson boosted their price objective on Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $100.00 price objective on shares of Timken in a research report on Thursday, March 26th. Finally, Morgan Stanley boosted their price objective on Timken from $116.00 to $119.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Timken currently has an average rating of “Hold” and a consensus target price of $105.86.
Check Out Our Latest Stock Analysis on TKR
Timken Price Performance
Shares of NYSE TKR traded up $0.67 during midday trading on Monday, hitting $108.33. 294,156 shares of the company’s stock were exchanged, compared to its average volume of 788,768. Timken has a 12-month low of $59.22 and a 12-month high of $111.39. The company has a current ratio of 2.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.56. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.57 and a beta of 1.18. The business’s fifty day moving average price is $103.56 and its two-hundred day moving average price is $90.68.
Timken (NYSE:TKR – Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. Timken’s revenue was up 3.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, research analysts forecast that Timken will post 5.62 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction on Friday, February 20th. The shares were sold at an average price of $107.99, for a total value of $2,120,491.64. Following the sale, the director owned 243,636 shares in the company, valued at $26,310,251.64. The trade was a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.10% of the stock is currently owned by company insiders.
Institutional Trading of Timken
Several large investors have recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC boosted its holdings in Timken by 4.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock valued at $255,000 after acquiring an additional 104 shares in the last quarter. Uncommon Cents Investing LLC boosted its holdings in shares of Timken by 0.5% during the 4th quarter. Uncommon Cents Investing LLC now owns 27,465 shares of the industrial products company’s stock valued at $2,311,000 after buying an additional 125 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Timken by 3.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock valued at $325,000 after buying an additional 132 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Timken by 1.3% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 10,889 shares of the industrial products company’s stock valued at $819,000 after buying an additional 139 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its holdings in shares of Timken by 3.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after buying an additional 142 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.
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.