Timken Company (The) (NYSE:TKR) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Timken Company (The) (NYSE:TKR) has received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $145.00.

Several research firms recently commented on TKR. KeyCorp increased 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. Jefferies Financial Group set a $135.00 price target on shares of Timken in a research note on Tuesday, September 1st. Oppenheimer reissued an “outperform” rating and issued a $150.00 price target on shares of Timken in a research note on Thursday, October 1st. Citigroup cut their price target on shares of Timken from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Monday. Finally, Wall Street Zen cut Timken from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd.

Timken Stock Down 0.9%

Shares of NYSE TKR opened at $115.12 on Tuesday. Timken has a one year low of $71.39 and a one 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. The firm’s 50 day simple moving average is $121.89 and its two-hundred day simple moving average is $123.40. The stock has a market capitalization of $7.98 billion, a P/E ratio of 31.20, a PEG ratio of 1.29 and a beta of 1.18.

Timken (NYSE:TKR) last posted its quarterly 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. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, analysts expect that Timken will post 6.25 EPS for the current fiscal year.

Timken Announces Dividend

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

Insiders Place Their Bets

In related news, Director Richard Kyle sold 13,637 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 183,724 shares in the company, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.10% of the stock is owned by corporate insiders.

Institutional Trading of Timken

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new stake in Timken during the 2nd quarter valued at $37,000. Elevation Wealth Partners LLC increased its position in shares of Timken by 420.0% in the second quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 210 shares during the period. Trust Co. of Vermont purchased a new position in shares of Timken in the second quarter valued at about $41,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Timken in the fourth quarter valued at about $25,000. Finally, Global Retirement Partners LLC bought a new position in shares of Timken during the second quarter valued at about $82,000. Institutional investors own 89.08% of the company’s stock.

About Timken

Timken (NYSE: TKR) is an engineered bearings and industrial motion products company. Its offerings include tapered, spherical, cylindrical, needle and precision bearings, as well as seals and lubrication systems designed to reduce friction, manage loads and support the performance of mechanical equipment.

Through its Industrial Motion business, Timken also provides products such as mechanical power transmission components, chains, belts, couplings, linear motion systems and gear drives.