Timken (NYSE:TKR) Given New $117.00 Price Target at Oppenheimer

Timken (NYSE:TKR) had its price target increased by Oppenheimer from $108.00 to $117.00 in a research report released on Monday,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Other research analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. JPMorgan Chase & Co. restated an “underweight” rating and issued a $100.00 price target on shares of Timken in a research note on Thursday, March 26th. Morgan Stanley upped their price target on Timken from $116.00 to $119.00 and gave the stock an “overweight” rating in a research note on Monday, March 30th. DA Davidson upped their price target on Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Finally, Citigroup upped their price target on Timken from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $105.86.

Timken Trading Up 0.7%

Shares of NYSE:TKR opened at $108.40 on Monday. The stock has a 50 day moving average of $103.55 and a 200 day moving average of $90.91. The company has a market cap of $7.56 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18. The company has a current ratio of 2.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.56. Timken has a 12-month low of $59.22 and a 12-month high of $111.39.

Timken (NYSE:TKR) last posted its quarterly 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 business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company posted $1.16 EPS. 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. As a group, equities research analysts expect that Timken will post 5.89 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 1.3%. The ex-dividend date was Tuesday, February 24th. Timken’s dividend payout ratio is currently 34.06%.

Insider Activity at Timken

In other news, Director Richard G. Kyle sold 19,636 shares of the 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TKR. Mather Group LLC. bought a new position in shares of Timken during the 3rd quarter valued at approximately $25,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Timken during the 4th quarter valued at approximately $25,000. Clearstead Advisors LLC boosted its position in shares of Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. Eastern Bank bought a new position in shares of Timken during the 4th quarter valued at approximately $27,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Timken by 4,512.5% during the 3rd 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 during the last quarter. 89.08% of the stock is currently owned by institutional investors.

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.