Timken (NYSE:TKR) Reaches New 52-Week High After Analyst Upgrade

Timken Company (The) (NYSE:TKR)’s stock price hit a new 52-week high during trading on Tuesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. JPMorgan Chase & Co. now has a $150.00 price target on the stock. Timken traded as high as $123.95 and last traded at $122.60, with a volume of 44572 shares trading hands. The stock had previously closed at $119.95.

A number of other equities analysts have also weighed in on the stock. Oppenheimer lifted their price target on shares of Timken from $132.00 to $137.00 and gave the company an “outperform” rating in a report on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a report on Monday, April 20th. Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Morgan Stanley set a $140.00 target price on shares of Timken in a research note on Thursday. Finally, Citigroup boosted their price objective on Timken from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $139.13.

Insider Transactions at Timken

In other news, Director Richard G. Kyle sold 37,181 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the completion of the transaction, the director directly owned 206,455 shares of the company’s stock, valued at approximately $24,225,429.70. This represents a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Timken, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $116.51, for a total value of $1,747,650.00. Following the transaction, the director owned 264,744 shares of the company’s stock, valued at $30,845,323.44. This represents a 5.36% decrease in their position. The SEC filing for this sale provides additional information. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Timken

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gordian Capital Singapore Pte Ltd bought a new stake in Timken during the 4th quarter valued at $25,000. Clearstead Advisors LLC increased its holdings in shares of Timken by 130.3% during the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 172 shares during the period. Eastern Bank bought a new stake in shares of Timken during the fourth quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new stake in Timken in the fourth quarter worth about $31,000. Finally, Kestra Investment Management LLC acquired a new stake in Timken in the second quarter worth about $42,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Stock Up 2.2%

The stock has a market cap of $8.52 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 1.63 and a beta of 1.18. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. The stock’s 50-day moving average is $106.88 and its 200-day moving average is $96.97.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.17. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, research analysts anticipate that Timken Company will post 6.05 earnings per share for the current fiscal year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be issued a $0.36 dividend. This is an increase from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. Timken’s dividend payout ratio is currently 32.73%.

Timken Company Profile

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.