Timken (NYSE:TKR) Given New $100.00 Price Target at JPMorgan Chase & Co.

Timken (NYSE:TKR) had its price target increased by JPMorgan Chase & Co. from $90.00 to $100.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

TKR has been the topic of several other reports. Citigroup increased their price objective on shares of Timken from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Morgan Stanley boosted their target price on shares of Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. DA Davidson upped their price target on shares of Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.89.

Timken Price Performance

Shares of NYSE:TKR opened at $100.58 on Monday. The company has a market cap of $6.99 billion, a P/E ratio of 24.47, a P/E/G ratio of 1.46 and a beta of 1.17. The business has a fifty day simple moving average of $98.62 and a 200-day simple moving average of $85.78. Timken has a 52 week low of $56.20 and a 52 week high of $111.39. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56.

Timken (NYSE:TKR) last released its earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. Equities research analysts forecast that Timken will post 5.62 EPS for the current year.

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, February 24th. Timken’s payout ratio is presently 34.06%.

Insider Buying and Selling at Timken

In other news, Director Richard G. Kyle sold 19,636 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $107.99, for a total value of $2,120,491.64. Following the completion of the transaction, the director directly owned 243,636 shares in the company, valued at approximately $26,310,251.64. This represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.37% of the company’s stock.

Institutional Investors Weigh In On Timken

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in Timken in the 3rd quarter worth $25,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Timken during the fourth quarter valued at about $25,000. Clearstead Advisors LLC increased its position in shares of Timken by 130.3% during the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Eastern Bank purchased a new stake in shares of Timken during the fourth quarter worth about $27,000. Finally, SJS Investment Consulting Inc. lifted its stake 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 worth $28,000 after acquiring an additional 361 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.