Timken (NYSE:TKR) Stock Moved Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Timken (NYSE:TKR) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Several other analysts have also issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and increased their target price for the stock from $129.00 to $135.00 in a research note on Tuesday, September 1st. KeyCorp lifted their price target on shares of Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. DA Davidson set a $130.00 price target on shares of Timken in a research note on Friday, August 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Timken currently has an average rating of “Moderate Buy” and an average price target of $145.00.

Timken Stock Down 3.5%

Shares of TKR opened at $110.83 on Friday. 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 one year low of $73.62 and a one year high of $146.37. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 1.23 and a beta of 1.18. The stock has a 50 day moving average price of $117.17 and a 200 day moving average price of $117.06.

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

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.3%. Timken’s dividend payout ratio is currently 39.02%.

Insider Activity 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 value of $1,726,853.31. Following the sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Timken

A number of institutional investors and hedge funds have recently modified their holdings of the company. North Dakota State Investment Board raised its stake in Timken by 6.0% in the third quarter. North Dakota State Investment Board now owns 1,972 shares of the industrial products company’s stock valued at $230,000 after buying an additional 112 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Timken by 4.1% during the 1st quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 116 shares in the last quarter. Sheets Smith Wealth Management raised its position in shares of Timken by 2.2% during the 2nd quarter. Sheets Smith Wealth Management now owns 6,079 shares of the industrial products company’s stock worth $883,000 after acquiring an additional 128 shares in the last quarter. Parvin Asset Management LLC lifted its stake in Timken by 16.5% during the first quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 130 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Timken by 5.9% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,669 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

About Timken

Timken is an industrial manufacturer that designs and produces engineered bearings and power transmission products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, gears, belts, chains, couplings, and other components used to manage friction, motion, and power transmission.

The company serves customers across a range of industries, including industrial machinery, renewable energy, transportation, aerospace, defense, agriculture, construction, and energy.