Timken (NYSE:TKR) Raised to Buy at Wall Street Zen

Timken (NYSE:TKR) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently commented on TKR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Wednesday, October 8th. Citigroup increased their price target on Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Evercore ISI set a $84.00 price objective on shares of Timken and gave the company an “outperform” rating in a report on Tuesday, August 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $88.00 price objective on shares of Timken in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Timken from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Timken presently has a consensus rating of “Hold” and a consensus price target of $82.36.

Timken Price Performance

Shares of NYSE TKR opened at $78.63 on Friday. The stock’s 50 day moving average price is $76.53 and its 200-day moving average price is $73.99. The company has a market capitalization of $5.48 billion, a PE ratio of 18.59, a PEG ratio of 1.74 and a beta of 1.26. Timken has a twelve month low of $56.20 and a twelve month high of $84.86. The company has a quick ratio of 1.72, a current ratio of 3.11 and a debt-to-equity ratio of 0.63.

Timken (NYSE:TKR) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.12. Timken had a return on equity of 11.88% and a net margin of 6.54%.The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the firm posted $1.23 EPS. The business’s 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. On average, equities analysts anticipate that Timken will post 5.62 EPS for the current year.

Institutional Investors Weigh In On Timken

Institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. purchased a new stake in shares of Timken in the third quarter worth $25,000. Livelsberger Financial Advisory bought a new position in Timken in the 2nd quarter worth about $28,000. SJS Investment Consulting Inc. grew its holdings 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 in the last quarter. Steph & Co. purchased a new position in shares of Timken during the second quarter worth about $37,000. Finally, CWM LLC grew its holdings in shares of Timken by 31.4% during 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 in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Company Profile

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.