Timken Company (The) (NYSE:TKR) Receives $80.73 Consensus Target Price from Analysts

Shares of Timken Company (The) (NYSE:TKR) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $80.7273.

Several brokerages recently weighed in on TKR. DA Davidson increased their price target on Timken from $71.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Evercore ISI set a $84.00 price target on Timken and gave the stock an “outperform” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. began coverage on Timken in a report on Monday, September 15th. They issued a “neutral” rating and a $80.00 target price for the company. Finally, Citigroup raised their target price on Timken from $85.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd.

Institutional Investors Weigh In On Timken

A number of hedge funds and other institutional investors have recently bought and sold shares of TKR. ProShare Advisors LLC lifted its holdings in Timken by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 2,986 shares of the industrial products company’s stock valued at $213,000 after acquiring an additional 204 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Timken by 9.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 210,872 shares of the industrial products company’s stock valued at $15,050,000 after buying an additional 17,966 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Timken by 5.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 53,606 shares of the industrial products company’s stock valued at $3,826,000 after buying an additional 2,763 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Timken in the fourth quarter valued at $510,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Timken in the fourth quarter valued at $4,310,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Price Performance

TKR stock opened at $75.12 on Friday. The company has a market capitalization of $5.23 billion, a P/E ratio of 17.07, a PEG ratio of 1.65 and a beta of 1.25. Timken has a twelve month low of $56.20 and a twelve month high of $87.52. The business has a 50 day simple moving average of $77.03 and a 200-day simple moving average of $72.58. The company has a current ratio of 3.13, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.08. Timken had a return on equity of 11.78% and a net margin of 6.86%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $1.63 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. As a group, equities analysts anticipate that Timken will post 5.62 EPS for the current year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.40 dividend on an annualized basis and a yield of 1.9%. Timken’s dividend payout ratio (DPR) is 31.82%.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.