Timken Company (The) (NYSE:TKR) Receives $115.88 Consensus Target Price from Analysts

Timken Company (The) (NYSE:TKR) has received an average recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $129.8750.

TKR has been the subject of several research reports. DA Davidson increased their price objective on shares of Timken from $108.00 to $117.00 and gave the stock a “neutral” rating in a research report on Monday. KeyCorp increased their price objective on shares of Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. Oppenheimer increased their price objective on shares of Timken from $117.00 to $132.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st.

Insiders Place Their Bets

In related news, Director John M. Timken, Jr. sold 15,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. This trade represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard G. Kyle sold 37,181 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were 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 trade represents a 15.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 81,817 shares of company stock valued at $9,298,160. 8.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its position in shares of Timken by 6.3% in the 3rd quarter. New York State Common Retirement Fund now owns 461,129 shares of the industrial products company’s stock valued at $34,668,000 after acquiring an additional 27,515 shares during the period. Keybank National Association OH grew its position in shares of Timken by 107.8% in the 3rd quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock valued at $54,714,000 after acquiring an additional 377,607 shares during the period. Bank of New York Mellon Corp grew its position in shares of Timken by 34.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock valued at $112,256,000 after acquiring an additional 385,389 shares during the period. Phocas Financial Corp. grew its position in shares of Timken by 81.2% in the 4th quarter. Phocas Financial Corp. now owns 88,967 shares of the industrial products company’s stock valued at $7,485,000 after acquiring an additional 39,871 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Timken in the 3rd quarter valued at about $1,678,000. Institutional investors own 89.08% of the company’s stock.

Timken Stock Down 1.2%

Shares of TKR stock opened at $115.66 on Friday. The firm has a fifty day moving average of $104.70 and a 200-day moving average of $94.81. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. Timken has a 12-month low of $67.14 and a 12-month high of $123.67. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 1.60 and a beta of 1.18.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The firm’s revenue 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, equities research analysts predict that Timken will post 6 earnings per share for the current fiscal year.

Timken Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. This is an increase from Timken’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, May 19th. Timken’s payout ratio is 31.82%.

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.