Timken (NYSE:TKR) Price Target Raised to $119.00 at Morgan Stanley

Timken (NYSE:TKR) had its price objective boosted by Morgan Stanley from $116.00 to $119.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

TKR has been the subject of several other reports. 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, February 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $100.00 price objective on shares of Timken in a report on Thursday, March 26th. DA Davidson upped 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 raised Timken from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Timken currently has an average rating of “Hold” and a consensus target price of $95.22.

Timken Stock Performance

Shares of TKR opened at $95.88 on Monday. The company has a market cap of $6.69 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17. The company has a current ratio of 2.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $101.42 and a 200-day moving average price of $88.03. Timken has a 12-month low of $56.20 and a 12-month high of $111.39.

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

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders 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 yield of 1.5%. The ex-dividend date was Tuesday, February 24th. Timken’s dividend payout ratio (DPR) is presently 34.06%.

Insider Activity at Timken

In other Timken news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the transaction, the director directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Timken

Institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. bought a new stake in Timken in the third quarter worth $25,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Timken in the fourth quarter worth about $25,000. Clearstead Advisors LLC increased its holdings in shares of Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after buying an additional 172 shares during the period. Eastern Bank bought a new stake in shares of Timken in the 4th quarter valued at about $27,000. Finally, SJS Investment Consulting Inc. boosted its holdings in 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 period. 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.