Oppenheimer Reaffirms Outperform Rating for Timken (NYSE:TKR)

Timken (NYSE:TKR)‘s stock had its “outperform” rating restated by research analysts at Oppenheimer in a research note issued on Thursday, Benzinga reports. They presently have a $150.00 price target on the industrial products company’s stock. Oppenheimer’s price objective would suggest a potential upside of 27.61% from the stock’s previous close.

Several other research analysts also recently commented on the company. Citigroup raised their price objective on Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. KeyCorp raised their price objective on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Jefferies Financial Group set a $135.00 price objective on Timken in a research note on Tuesday, September 1st. Finally, DA Davidson set a $130.00 target price on Timken in a research note on Friday, August 14th. Seven equities 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.com, Timken currently has an average rating of “Moderate Buy” and an average price target of $147.00.

Timken Stock Performance

Shares of NYSE TKR traded up $0.80 during trading on Thursday, hitting $117.55. The company had a trading volume of 393,618 shares, compared to its average volume of 907,964. The stock has a 50 day simple moving average of $125.27 and a 200 day simple moving average of $122.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. Timken has a 12 month low of $70.57 and a 12 month high of $146.37. The firm has a market capitalization of $8.15 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21.

Timken (NYSE:TKR) last posted its quarterly earnings data 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. Timken had a return on equity of 12.63% and a net margin of 5.43%.The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $1.12 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, analysts anticipate that Timken will post 6.25 earnings per share for the current year.

Insiders Place Their Bets

In other Timken news, Director Richard Kyle sold 13,637 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the completion of the transaction, the director owned 183,724 shares in the company, valued at $23,264,970.12. This trade represents a 6.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Timken

Institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in Timken during the 2nd quarter valued at approximately $37,000. Elevation Wealth Partners LLC grew its holdings in 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 buying an additional 210 shares in the last quarter. Trust Co. of Vermont purchased a new position in Timken during the 2nd quarter valued at approximately $41,000. Gordian Capital Singapore Pte Ltd purchased a new position in Timken during the 4th quarter valued at approximately $25,000. Finally, Clearstead Advisors LLC grew its holdings in 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 buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

About Timken

Timken (NYSE: TKR) is an engineered bearings and industrial motion products company. Its offerings include tapered, spherical, cylindrical, needle and precision bearings, as well as seals and lubrication systems designed to reduce friction, manage loads and support the performance of mechanical equipment.

Through its Industrial Motion business, Timken also provides products such as mechanical power transmission components, chains, belts, couplings, linear motion systems and gear drives.