Timken (NYSE:TKR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Timken (NYSE:TKR) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $80.00 to $85.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 8.11% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Evercore ISI set a $84.00 price objective on shares of Timken and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. Citigroup increased their target price on Timken from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Finally, DA Davidson raised their price target on Timken from $71.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company 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 Thursday. The stock has a market cap of $5.48 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.74 and a beta of 1.26. The business’s fifty day moving average price is $76.53 and its two-hundred day moving average price is $73.81. Timken has a one year low of $56.20 and a one year high of $84.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.11.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.12. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Timken had a return on equity of 11.88% and a net margin of 6.54%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. On average, analysts forecast that Timken will post 5.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Timken

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Timken by 2.8% during the first quarter. Vanguard Group Inc. now owns 6,646,465 shares of the industrial products company’s stock worth $477,681,000 after buying an additional 180,705 shares during the period. American Century Companies Inc. raised its stake in shares of Timken by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock valued at $278,968,000 after acquiring an additional 455,050 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Timken by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,367,167 shares of the industrial products company’s stock valued at $170,124,000 after acquiring an additional 133,674 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in Timken by 2.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,990,929 shares of the industrial products company’s stock worth $143,088,000 after purchasing an additional 46,090 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Timken by 108.8% in the 1st quarter. Victory Capital Management Inc. now owns 1,841,828 shares of the industrial products company’s stock valued at $132,372,000 after purchasing an additional 959,672 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

About Timken

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.