Timken (NYSE:TKR) Upgraded by Wall Street Zen to “Buy” Rating

Timken (NYSE:TKR) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently commented on the stock. Evercore ISI set a $84.00 price objective on shares of Timken and gave the company an “outperform” rating in a research note on Tuesday, August 19th. DA Davidson lifted their price objective on shares of Timken from $71.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Timken from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Citigroup lifted their price objective on shares of Timken from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Timken currently has an average rating of “Hold” and a consensus target price of $82.36.

Timken Stock Down 0.1%

NYSE:TKR opened at $78.63 on Friday. The company has a market cap of $5.48 billion, a PE ratio of 18.59, a P/E/G ratio of 1.74 and a beta of 1.26. Timken has a twelve month low of $56.20 and a twelve month high of $84.86. The company has a current ratio of 3.11, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $76.53 and its two-hundred day moving average is $73.81.

Timken (NYSE:TKR) last released its earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.12. Timken had a net margin of 6.54% and a return on equity of 11.88%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $1.23 EPS. Timken’s revenue was up 2.7% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Analysts anticipate that Timken will post 5.62 EPS for the current year.

Hedge Funds Weigh In On Timken

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Timken by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 6,646,465 shares of the industrial products company’s stock worth $477,681,000 after acquiring an additional 180,705 shares in the last quarter. American Century Companies Inc. increased its holdings in 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 worth $278,968,000 after acquiring an additional 455,050 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 worth $170,124,000 after acquiring an additional 133,674 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Timken by 2.4% in 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 acquiring an additional 46,090 shares in the last quarter. 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 worth $132,372,000 after acquiring an additional 959,672 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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.