Timken Company (The) (NYSE:TKR) Given Average Rating of “Hold” by Brokerages

Timken Company (The) (NYSE:TKR) has received a consensus rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $80.7273.

TKR has been the subject of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Timken in a research note on Monday, September 15th. They issued a “neutral” rating and a $80.00 target price for the company. DA Davidson raised their target price on shares of Timken from $71.00 to $80.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Citigroup raised their target price on shares of Timken from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research note on Wednesday, October 8th. Finally, Evercore ISI set a $84.00 target price on shares of Timken and gave the company an “outperform” rating in a research note on Tuesday, August 19th.

Timken Price Performance

Shares of NYSE TKR opened at $75.10 on Tuesday. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.61 and a beta of 1.26. The business has a 50-day moving average of $76.42 and a 200-day moving average of $72.82. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.13 and a quick ratio of 1.72. Timken has a fifty-two week low of $56.20 and a fifty-two week high of $86.88.

Timken (NYSE:TKR) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share for the quarter, beating 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 company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company earned $1.63 EPS. Timken’s revenue for the quarter was down .8% compared to the same quarter last year. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. As a group, sell-side analysts predict that Timken will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

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

Institutional Investors Weigh In On Timken

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Timken by 282.3% during the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 847 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Timken by 77.8% during the first quarter. Teacher Retirement System of Texas now owns 11,912 shares of the industrial products company’s stock worth $856,000 after acquiring an additional 5,212 shares during the last quarter. Highland Capital Management LLC lifted its position in Timken by 39.7% during the second quarter. Highland Capital Management LLC now owns 59,260 shares of the industrial products company’s stock worth $4,299,000 after acquiring an additional 16,840 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Timken by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company’s stock worth $2,523,000 after acquiring an additional 190 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Timken during the first quarter worth approximately $306,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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.