Timken’s (TKR) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Timken (NYSE:TKR) in a research report report published on Thursday, MarketBeat.com reports. The firm currently has a $100.00 target price on the industrial products company’s stock.

A number of other analysts also recently weighed in on TKR. DA Davidson increased their price target on shares of Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Citigroup upped their price objective on shares of Timken from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Morgan Stanley increased their target price on shares of Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Oppenheimer set a $108.00 price target on Timken in a research note on Thursday, February 5th. Finally, Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $94.89.

Timken Stock Performance

Shares of NYSE TKR opened at $97.54 on Thursday. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $101.38 and its two-hundred day moving average is $87.83. The company has a market cap of $6.81 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.43 and a beta of 1.18. Timken has a 12 month low of $56.20 and a 12 month high of $111.39.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Timken had a return on equity of 11.52% and a net margin of 6.29%.Timken’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 earnings per share. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, equities analysts expect that Timken will post 5.62 EPS for the current year.

Timken Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, February 24th. Timken’s dividend payout ratio (DPR) is presently 34.06%.

Insider Buying and Selling at Timken

In related news, Director Richard G. Kyle sold 19,636 shares of the company’s stock in a transaction dated 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 of the company’s stock, 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 through this hyperlink. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Timken by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,672,110 shares of the industrial products company’s stock valued at $224,813,000 after purchasing an additional 297,047 shares during the period. UBS Group AG lifted its position in shares of Timken by 734.7% during the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after buying an additional 2,012,352 shares during the period. Victory Capital Management Inc. boosted its stake in Timken by 15.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock valued at $155,055,000 after buying an additional 247,000 shares in the last quarter. Bank of New York Mellon Corp grew its position in Timken by 34.8% in the third quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock valued at $112,256,000 after acquiring an additional 385,389 shares during the period. Finally, Cooke & Bieler LP grew its position in Timken by 28.6% in the third quarter. Cooke & Bieler LP now owns 1,423,361 shares of the industrial products company’s stock valued at $107,008,000 after acquiring an additional 316,380 shares during the period. Institutional investors own 89.08% of the company’s stock.

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.