Timken (NYSE:TKR) Given New $110.00 Price Target at JPMorgan Chase & Co.

Timken (NYSE:TKR) had its price objective hoisted by JPMorgan Chase & Co. from $100.00 to $110.00 in a research report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the industrial products company’s stock.

Other equities research analysts have also issued reports about the company. Citigroup lifted their price target on Timken from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. Morgan Stanley lifted their price target on Timken from $116.00 to $119.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Finally, Oppenheimer lifted their price objective on Timken from $117.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $115.88.

Timken Stock Up 1.2%

Shares of NYSE TKR traded up $1.44 during mid-day trading on Thursday, hitting $117.78. 450,516 shares of the stock traded hands, compared to its average volume of 815,049. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.47 and a current ratio of 2.88. Timken has a 52 week low of $67.14 and a 52 week high of $123.67. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.74 and a beta of 1.18. The stock has a fifty day moving average price of $104.05 and a 200-day moving average price of $93.67.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Research analysts anticipate that Timken will post 5.9 EPS for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, February 24th. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. Timken’s payout ratio is presently 34.06%.

Insider Transactions at Timken

In other Timken news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction on Friday, February 20th. The stock was sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the completion of the transaction, the director owned 243,636 shares in the company, valued at approximately $26,310,251.64. The trade was a 7.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Timken by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after purchasing an additional 214,845 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Timken by 4.1% in the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 116 shares during the last quarter. KBC Group NV grew its holdings in shares of Timken by 21.3% in the first quarter. KBC Group NV now owns 2,287 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 401 shares during the period. California Public Employees Retirement System grew its holdings in shares of Timken by 13.3% in the first quarter. California Public Employees Retirement System now owns 142,285 shares of the industrial products company’s stock worth $14,310,000 after acquiring an additional 16,735 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Timken by 4.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 256,726 shares of the industrial products company’s stock worth $26,201,000 after acquiring an additional 12,101 shares during the period. Hedge funds and other 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.