Timken (NYSE:TKR) Given New $150.00 Price Target at Oppenheimer

Timken (NYSE:TKR) had its price target lifted by research analysts at Oppenheimer from $147.00 to $150.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price objective would indicate a potential upside of 8.04% from the stock’s current price.

Several other brokerages have also recently issued reports on TKR. Citigroup raised their target price on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Morgan Stanley set a $140.00 price target on shares of Timken in a research report on Thursday, May 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research note on Friday. DA Davidson started coverage on shares of Timken in a report on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price objective on the stock. Finally, KeyCorp boosted their target price on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Timken presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

Timken Stock Performance

Shares of NYSE TKR traded up $4.46 during midday trading on Tuesday, hitting $138.84. 249,949 shares of the stock traded hands, compared to its average volume of 892,593. The firm has a market capitalization of $9.65 billion, a P/E ratio of 31.55, a PEG ratio of 1.64 and a beta of 1.20. Timken has a one year low of $70.57 and a one year high of $146.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. The firm has a 50-day moving average of $132.83 and a two-hundred day moving average of $112.49.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.50 by $0.17. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.Timken’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, equities analysts forecast that Timken will post 6.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Timken news, Director Ajita G. Rajendra sold 8,450 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $131.34, for a total value of $1,109,823.00. Following the completion of the transaction, the director directly owned 20,225 shares in the company, valued at $2,656,351.50. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 69,079 shares of company stock valued at $8,296,144. 8.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TKR. Dimensional Fund Advisors LP increased its stake in Timken by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after buying an additional 214,845 shares in the last quarter. UBS Group AG lifted its position in shares of Timken by 734.7% in the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock valued at $171,880,000 after acquiring an additional 2,012,352 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Timken by 15.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock valued at $155,055,000 after acquiring an additional 247,000 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Timken by 1.0% in the fourth quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock worth $115,394,000 after acquiring an additional 13,459 shares during the period. Finally, Brown Advisory Inc. grew its position in shares of Timken by 5.6% during the fourth quarter. Brown Advisory Inc. now owns 1,273,668 shares of the industrial products company’s stock worth $107,154,000 after purchasing an additional 67,573 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 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.