Timken (NYSE:TKR) Price Target Raised to $150.00 at Oppenheimer

Timken (NYSE:TKR) had its price objective upped by Oppenheimer from $147.00 to $150.00 in a research note published on Tuesday,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

A number of other research analysts have also recently issued reports on TKR. KeyCorp lifted their price objective on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. DA Davidson assumed coverage on Timken in a research note on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 target price on the stock. The Goldman Sachs Group raised their price target on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Citigroup lifted their price target on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research report on Friday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Timken Price Performance

Shares of TKR opened at $139.27 on Tuesday. Timken has a fifty-two week low of $70.57 and a fifty-two week high of $146.37. The firm’s 50-day simple moving average is $133.27 and its two-hundred day simple moving average is $112.87. The stock has a market cap of $9.68 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88.

Timken (NYSE:TKR) last released its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business earned $1.40 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Analysts anticipate that Timken will post 6.16 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 19th. This is a positive change from Timken’s previous quarterly dividend of $0.35. Timken’s payout ratio is currently 32.73%.

Insider Transactions at Timken

In related news, Director John M. Timken, Jr. sold 15,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the completion of the sale, the director owned 264,744 shares in the company, valued at approximately $30,845,323.44. This represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard G. Kyle sold 37,181 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $117.34, for a total value of $4,362,818.54. Following the completion of the transaction, the director directly owned 206,455 shares in the company, valued at approximately $24,225,429.70. This represents a 15.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,079 shares of company stock worth $8,296,144 in the last ninety days. Insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Timken

A number of large investors have recently made changes to their positions in TKR. Gordian Capital Singapore Pte Ltd bought a new position in shares of Timken in the 4th quarter worth approximately $25,000. Clearstead Advisors LLC grew its position in Timken by 130.3% during the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after buying an additional 172 shares during the period. Eastern Bank bought a new stake in Timken during the fourth quarter valued at approximately $27,000. V Square Quantitative Management LLC purchased a new stake in Timken during the fourth quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC increased its holdings in Timken by 420.0% during the second quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock valued at $38,000 after buying an additional 210 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.