Timken (NYSE:TKR) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Timken (NYSE:TKR) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other equities research analysts also recently weighed in on TKR. DA Davidson boosted their price target on shares of Timken from $71.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research note on Wednesday, October 8th. The Goldman Sachs Group reissued a “neutral” rating and set a $88.00 price target on shares of Timken in a research note on Thursday. Citigroup boosted their price target on shares of Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.36.

Timken Trading Down 0.1%

Shares of NYSE TKR opened at $78.63 on Friday. Timken has a 1-year low of $56.20 and a 1-year high of $84.86. The company has a market cap of $5.48 billion, a PE ratio of 18.59, a P/E/G ratio of 1.74 and a beta of 1.26. The company has a current ratio of 3.11, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $76.53 and a two-hundred day moving average of $73.90.

Timken (NYSE:TKR) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.12. Timken had a net margin of 6.54% and a return on equity of 11.88%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities analysts expect that Timken will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis and a yield of 1.8%. Timken’s payout ratio is currently 33.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TKR. GAMMA Investing LLC grew its holdings in Timken by 282.3% during the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 847 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Timken by 2.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,476 shares of the industrial products company’s stock valued at $537,000 after purchasing an additional 188 shares during the period. Teacher Retirement System of Texas grew its holdings in Timken by 77.8% during the first quarter. Teacher Retirement System of Texas now owns 11,912 shares of the industrial products company’s stock valued at $856,000 after purchasing an additional 5,212 shares during the period. Principal Financial Group Inc. grew its holdings in Timken by 0.5% during the first quarter. Principal Financial Group Inc. now owns 787,391 shares of the industrial products company’s stock valued at $56,590,000 after purchasing an additional 3,831 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its holdings in Timken by 5.4% during the first quarter. Linden Thomas Advisory Services LLC now owns 22,305 shares of the industrial products company’s stock valued at $1,603,000 after purchasing an additional 1,138 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

About Timken

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.