Timken Company (The) (NYSE:TKR) Receives $82.20 Consensus PT from Analysts

Shares of Timken Company (The) (NYSE:TKR) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $82.20.

A number of brokerages have weighed in on TKR. The Goldman Sachs Group reiterated a “neutral” rating and issued a $88.00 price objective on shares of Timken in a research report on Thursday, October 30th. Evercore ISI set a $84.00 price target on Timken and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Wednesday, October 8th. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, DA Davidson upped their target price on Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd.

Timken Trading Down 2.5%

Shares of NYSE:TKR opened at $74.50 on Friday. The company has a current ratio of 3.11, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. Timken has a 12-month low of $56.20 and a 12-month high of $84.43. The business has a 50 day moving average of $76.54 and a two-hundred day moving average of $75.10. The company has a market capitalization of $5.19 billion, a PE ratio of 17.61, a PEG ratio of 1.74 and a beta of 1.31.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share for the quarter, beating 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 firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm earned $1.23 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, analysts forecast that Timken will post 5.62 EPS for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, November 25th. This represents a $1.40 dividend on an annualized basis and a yield of 1.9%. Timken’s dividend payout ratio is currently 33.10%.

Institutional Trading of Timken

Institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. acquired a new stake in Timken in the 3rd quarter worth about $25,000. SJS Investment Consulting Inc. lifted its position in shares of Timken by 4,512.5% in the third quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 361 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in shares of Timken in the second quarter worth approximately $28,000. Steph & Co. purchased a new stake in shares of Timken during the second quarter worth approximately $37,000. Finally, CWM LLC raised its stake in Timken by 31.4% in the 2nd quarter. CWM LLC now owns 527 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Company Profile

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.