Timken (NYSE:TKR) Stock Rating Reaffirmed as “Outperform” by Oppenheimer

Timken (NYSE:TKR)‘s stock had its “outperform” rating restated by investment analysts at Oppenheimer in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $150.00 target price on the industrial products company’s stock. Oppenheimer’s price objective would indicate a potential upside of 22.97% from the company’s previous close.

TKR has been the topic of a number of other research reports. DA Davidson set a $130.00 target price on Timken in a report on Friday, August 14th. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and upped their target price for the stock from $129.00 to $135.00 in a research report on Tuesday, September 1st. Jefferies Financial Group set a $135.00 target price on shares of Timken in a research report on Tuesday, September 1st. JPMorgan Chase & Co. upped their target price on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, Citigroup upped their target price on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $147.00.

Timken Trading Up 1.7%

Timken stock traded up $1.99 during mid-day trading on Thursday, reaching $121.98. 104,186 shares of the company traded hands, compared to its average volume of 909,377. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. The firm’s 50 day moving average price is $124.04 and its 200 day moving average price is $122.77. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 1.36 and a beta of 1.18. Timken has a 52-week low of $70.57 and a 52-week high of $146.37.

Timken (NYSE:TKR) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $1.12 EPS. The company’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. On average, analysts anticipate that Timken will post 6.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Timken news, Director Richard Kyle sold 13,637 shares of the stock in a transaction 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 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 SEC, which is accessible through this hyperlink. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of Timken

Several institutional investors have recently added to or reduced their stakes in TKR. Segall Bryant & Hamill LLC lifted its position in Timken by 29.9% during the first quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock valued at $45,409,000 after purchasing an additional 103,904 shares in the last quarter. State of Wyoming purchased a new position in Timken during the second quarter valued at approximately $1,466,000. Regents Gate Capital LLP purchased a new position in Timken during the fourth quarter valued at approximately $9,126,000. Corient Private Wealth LP lifted its holdings in Timken by 168.9% during the second quarter. Corient Private Wealth LP now owns 51,894 shares of the industrial products company’s stock valued at $7,541,000 after purchasing an additional 32,598 shares in the last quarter. Finally, Van Den Berg Management I Inc. lifted its holdings in Timken by 43.2% during the fourth quarter. Van Den Berg Management I Inc. now owns 59,686 shares of the industrial products company’s stock valued at $5,021,000 after purchasing an additional 18,011 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

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.