JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Timken (NYSE:TKR) Stock

Timken (NYSE:TKR) had its target price upped by stock analysts at JPMorgan Chase & Co. from $85.00 to $90.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 15.21% from the company’s current price.

TKR has been the subject of several other reports. Oppenheimer set a $108.00 target price on Timken in a research note on Thursday. DA Davidson lifted their price objective on Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. The Goldman Sachs Group reissued a “neutral” rating and set a $88.00 price objective on shares of Timken in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. Finally, Citigroup boosted their price target on shares of Timken from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $88.22.

Timken Stock Up 3.9%

Shares of NYSE TKR opened at $106.14 on Thursday. Timken has a 12-month low of $56.20 and a 12-month high of $106.99. The firm’s 50-day simple moving average is $89.34 and its 200 day simple moving average is $81.28. The company has a quick ratio of 1.71, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.04 and a beta of 1.21.

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

Insider Buying and Selling

In other Timken news, Director Richard G. Kyle sold 15,837 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total value of $1,283,272.11. Following the completion of the sale, the director owned 266,942 shares of the company’s stock, valued at approximately $21,630,310.26. This represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.70% of the company’s stock.

Institutional Trading of Timken

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in Timken by 44.2% in the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock valued at $6,508,000 after acquiring an additional 27,750 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Timken by 147.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock valued at $25,569,000 after purchasing an additional 211,718 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Timken by 7.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock valued at $16,305,000 after purchasing an additional 16,000 shares during the period. KLP Kapitalforvaltning AS increased its stake in Timken by 6.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,000 shares of the industrial products company’s stock worth $1,016,000 after purchasing an additional 900 shares in the last quarter. Finally, Blair William & Co. IL acquired a new stake in Timken during the 2nd quarter worth approximately $304,000. Institutional investors and hedge funds 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.