Timken Company (The) (NYSE:TKR) Receives $145.50 Consensus Target Price from Brokerages

Shares of Timken Company (The) (NYSE:TKR) have received an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $145.50.

A number of brokerages have weighed in on TKR. Oppenheimer set a $135.00 price target on shares of Timken in a report on Tuesday, September 1st. DA Davidson set a $130.00 target price on shares of Timken in a research note on Friday, August 14th. Citigroup boosted their target price on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. KeyCorp lifted their price objective on shares of Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 20th.

Timken Stock Performance

Shares of NYSE TKR opened at $116.71 on Friday. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $129.16 and its two-hundred day moving average price is $121.46. Timken has a 52-week low of $70.57 and a 52-week high of $146.37. The stock has a market capitalization of $8.09 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.29 and a beta of 1.21.

Timken (NYSE:TKR) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.62 by $0.21. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. Timken’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, sell-side analysts forecast that Timken will post 6.26 earnings per share for the current year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, August 18th. Timken’s payout ratio is currently 39.02%.

Insider Transactions at Timken

In other news, Director Richard Kyle sold 13,637 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the transaction, the director owned 183,724 shares in the company, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Timken

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP acquired a new stake in shares of Timken in the second quarter worth about $37,000. Elevation Wealth Partners LLC increased its holdings in shares of Timken by 420.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 210 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Timken in the 2nd quarter valued at approximately $41,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Timken in the 4th quarter valued at approximately $25,000. Finally, Clearstead Advisors LLC lifted its holdings in Timken by 130.3% in the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Company Profile

Timken is an industrial technology company that designs and manufactures engineered bearings and motion-related products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, and other components used to reduce friction, support rotating equipment, and improve the performance and reliability of machinery.

The company also provides industrial motion products and services, including power transmission components, chain, belts, couplings, gear drives, linear motion systems, and related maintenance and engineering solutions.