Analysts Set Timken Company (The) (NYSE:TKR) Price Target at $82.20

by · The Markets Daily

Timken Company (The) (NYSE:TKR – Get Free Report) has received an average recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $83.20.

A number of brokerages recently commented on TKR. Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. raised their price objective on Timken from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $88.00 target price on shares of Timken in a research report on Thursday, October 30th. DA Davidson raised their price target on Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Oppenheimer reiterated an “outperform” rating on shares of Timken in a research report on Monday, November 24th.

View Our Latest Stock Report on TKR

Timken Trading Down 1.6%

TKR stock opened at $87.33 on Wednesday. The firm has a fifty day moving average price of $78.33 and a 200 day moving average price of $76.61. Timken has a fifty-two week low of $56.20 and a fifty-two week high of $89.21. The firm has a market cap of $6.08 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.71 and a current ratio of 3.11.

Timken (NYSE:TKR – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.25 by $0.12. Timken had a net margin of 6.54% and a return on equity of 11.88%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $1.23 earnings per share. Timken’s quarterly revenue was up 2.7% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Sell-side analysts anticipate that Timken will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Tuesday, November 25th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, November 25th. Timken’s dividend payout ratio is presently 33.10%.

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 15,837 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total value of $1,283,272.11. Following the completion of the sale, the director owned 266,942 shares of the company’s stock, valued at $21,630,310.26. This trade represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Timken

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mather Group LLC. purchased a new position in Timken during the 3rd quarter valued at $25,000. Livelsberger Financial Advisory bought a new stake in shares of Timken during the second quarter worth $28,000. SJS Investment Consulting Inc. lifted its position in shares of Timken by 4,512.5% during the third quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 361 shares during the last quarter. Steph & Co. purchased a new stake in shares of Timken during the second quarter valued at $37,000. Finally, CWM LLC grew its holdings in shares of Timken by 31.4% in the second quarter. CWM LLC now owns 527 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 126 shares during the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Timken Company Profile

(Get Free Report)

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.

Read More