Timken (NYSE:TKR) Stock Rating Lowered by Wall Street Zen

Timken (NYSE:TKR) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also issued reports on TKR. JPMorgan Chase & Co. raised their price target on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. The Goldman Sachs Group increased their target price on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Citigroup lifted 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. Jefferies Financial Group set a $135.00 target price on shares of Timken in a research note on Tuesday, September 1st. Finally, DA Davidson set a $130.00 price target on shares of Timken in a report on Friday, August 14th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Timken has an average rating of “Moderate Buy” and an average price target of $147.00.

Timken Stock Performance

Shares of NYSE:TKR opened at $122.42 on Friday. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. Timken has a 12 month low of $70.57 and a 12 month high of $146.37. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 1.36 and a beta of 1.18. The firm’s 50-day moving average is $124.46 and its 200 day moving average is $122.62.

Timken (NYSE:TKR) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Research analysts predict that Timken will post 6.25 EPS for the current year.

Insiders Place Their Bets

In related news, Director Richard Kyle sold 13,637 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the completion of the sale, the director directly owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Timken

A number of hedge funds and other institutional investors have recently modified their holdings of TKR. Allworth Financial LP bought a new position in Timken in the second quarter worth approximately $37,000. Elevation Wealth Partners LLC boosted its position 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 acquiring an additional 210 shares in the last quarter. Trust Co. of Vermont bought a new stake in Timken during the 2nd quarter valued at $41,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Timken in the 4th quarter valued at $25,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Timken in the 2nd quarter valued at $82,000. 89.08% of the stock is currently owned by institutional investors.

Timken Company Profile

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.