Timken (NYSE:TKR) Receives Underweight Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Timken (NYSE:TKR) in a report published on Thursday, Marketbeat.com reports. The firm currently has a $100.00 price target on the industrial products company’s stock.

A number of other analysts have also issued reports on TKR. Morgan Stanley raised their target price on Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a report on Wednesday, January 21st. Oppenheimer set a $108.00 price objective on Timken in a research report on Thursday, February 5th. DA Davidson boosted their target price 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. Finally, Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $94.89.

Timken Stock Down 2.8%

Timken stock opened at $99.00 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.47. Timken has a fifty-two week low of $56.20 and a fifty-two week high of $111.39. The firm has a fifty day moving average price of $101.30 and a two-hundred day moving average price of $87.61. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 1.50 and a beta of 1.18.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $1.16 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, analysts forecast that Timken will post 5.62 earnings per share for the current year.

Timken Announces Dividend

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

Insider Activity at Timken

In other news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the sale, the director owned 243,636 shares of the company’s stock, valued at approximately $26,310,251.64. This trade represents a 7.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TKR. Corient Private Wealth LLC lifted its position in Timken by 112.6% in the fourth quarter. Corient Private Wealth LLC now owns 18,002 shares of the industrial products company’s stock worth $1,522,000 after purchasing an additional 9,534 shares during the period. Redwood Family Wealth LLC bought a new stake in Timken in the 4th quarter valued at $210,000. DGS Capital Management LLC bought a new stake in Timken in the 4th quarter valued at $207,000. Invesco Ltd. raised its stake in shares of Timken by 1.0% in the 4th quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after buying an additional 13,459 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Timken by 6.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 47,807 shares of the industrial products company’s stock valued at $4,022,000 after buying an additional 2,939 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

About Timken

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.