Timken (NYSE:TKR) Rating Increased to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Timken (NYSE:TKR) from an underweight rating to a neutral rating in a research note published on Friday, Marketbeat reports. JPMorgan Chase & Co. currently has $130.00 price target on the industrial products company’s stock, up from their prior price target of $110.00.

Other equities analysts have also issued reports about the stock. Citigroup lifted their price target on shares of Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Monday, April 20th. KeyCorp lifted their price target on shares of Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Evercore reaffirmed an “outperform” rating and issued a $158.00 price target on shares of Timken in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.38.

Timken Stock Performance

Shares of TKR stock opened at $114.55 on Friday. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.59 and a beta of 1.18. The company’s 50 day moving average is $105.08 and its 200 day moving average is $95.22. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. Timken has a 52-week low of $67.14 and a 52-week high of $123.67.

Timken (NYSE:TKR) last issued its quarterly earnings data 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. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. Timken’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, sell-side analysts anticipate that Timken will post 6.03 EPS for the current fiscal year.

Timken Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, May 19th. This is an increase from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 1.3%. Timken’s payout ratio is presently 31.82%.

Insider Buying and Selling at Timken

In other news, Director Richard G. Kyle sold 37,181 shares of Timken stock in a transaction on Friday, May 8th. The shares were sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the completion of the sale, the director directly owned 206,455 shares in the company, valued at approximately $24,225,429.70. The trade was a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John M. Timken, Jr. sold 15,000 shares of Timken 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 sale, the director owned 264,744 shares of the company’s stock, valued at $30,845,323.44. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 81,817 shares of company stock valued at $9,298,160 over the last quarter. Insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Timken

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SummitTX Capital L.P. acquired a new stake in shares of Timken during the first quarter worth $4,300,000. Lazard Asset Management LLC lifted its stake in shares of Timken by 330.4% during the first quarter. Lazard Asset Management LLC now owns 22,947 shares of the industrial products company’s stock worth $2,308,000 after buying an additional 17,615 shares during the period. Castleark Management LLC acquired a new stake in shares of Timken during the first quarter worth $4,062,000. Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Timken during the first quarter worth $1,010,000. Finally, Walleye Capital LLC acquired a new stake in shares of Timken during the first quarter worth $28,569,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Company Profile

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.