Timken (NYSE:TKR) Price Target Raised to $160.00

Timken (NYSE:TKR) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $150.00 to $160.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 16.65% from the stock’s current price.

Several other analysts also recently commented on TKR. Oppenheimer lifted their target price on shares of Timken from $137.00 to $147.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. DA Davidson started coverage on shares of Timken in a research report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price objective for the company. The Goldman Sachs Group boosted their price objective on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. Finally, Morgan Stanley set a $140.00 target price on Timken in a research note on Thursday, May 21st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.12.

Timken Stock Down 0.1%

TKR opened at $137.16 on Monday. The stock’s fifty day simple moving average is $130.13 and its 200 day simple moving average is $110.30. Timken has a 1-year low of $70.57 and a 1-year high of $146.37. The stock has a market cap of $9.53 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 1.64 and a beta of 1.20. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the business posted $1.40 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, research analysts expect that Timken will post 6.14 earnings per share for the current year.

Insider Activity at Timken

In related news, Director Richard G. Kyle sold 8,448 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $127.35, for a total transaction of $1,075,852.80. Following the sale, the director owned 197,361 shares of the company’s stock, valued at $25,133,923.35. This represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John M. Timken, Jr. sold 15,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was 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 in the company, valued at approximately $30,845,323.44. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 69,079 shares of company stock worth $8,296,144. Company insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tema ETFs LLC lifted its position in Timken by 3.5% during the second quarter. Tema ETFs LLC now owns 169,397 shares of the industrial products company’s stock worth $24,617,000 after purchasing an additional 5,782 shares during the period. Diversified Management Inc. acquired a new position in shares of Timken in the 2nd quarter valued at approximately $227,000. Handelsbanken Fonder AB lifted its holdings in shares of Timken by 59.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 28,785 shares of the industrial products company’s stock worth $4,183,000 after acquiring an additional 10,700 shares during the period. Trust Point Inc. acquired a new stake in shares of Timken during the 2nd quarter worth approximately $237,000. Finally, Elevation Wealth Partners LLC increased its stake in 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 last quarter. Institutional investors and hedge funds 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.