Timken (NYSE:TKR – Get Free Report) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Friday,Benzinga reports. The firm currently has a $130.00 price objective on the industrial products company’s stock, up from their previous price objective of $110.00. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 11.07% from the stock’s previous close.
A number of other analysts have also weighed in on TKR. Citigroup upped their price objective on shares of Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Evercore restated an “outperform” rating and issued a $158.00 price target on shares of Timken in a report on Monday. DA Davidson increased their price objective on shares of Timken from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Monday. The Goldman Sachs Group reissued a “neutral” rating and set a $117.00 price objective on shares of Timken in a report on Wednesday. Finally, Oppenheimer boosted their price objective on shares of Timken from $117.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.38.
Get Our Latest Stock Analysis on Timken
Timken Stock Up 1.1%
Timken (NYSE:TKR – Get Free Report) last issued its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $1.40 EPS. Timken’s revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Sell-side analysts predict that Timken will post 6 EPS for the current year.
Insiders Place Their Bets
In related news, Director Richard G. Kyle sold 37,181 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $117.34, for a total value of $4,362,818.54. Following the transaction, the director directly owned 206,455 shares of the company’s stock, valued at $24,225,429.70. This represents a 15.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Timken, Jr. sold 15,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $116.51, for a total value of $1,747,650.00. Following the completion of the transaction, the director owned 264,744 shares of the company’s stock, valued at $30,845,323.44. This trade represents a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 81,817 shares of company stock worth $9,298,160 over the last three months. Corporate insiders own 8.10% of the company’s stock.
Institutional Investors Weigh In On Timken
A number of institutional investors and hedge funds have recently modified their holdings of TKR. Gordian Capital Singapore Pte Ltd purchased a new position in Timken during the 4th quarter worth approximately $25,000. Clearstead Advisors LLC increased its stake in shares of Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 172 shares during the period. Eastern Bank purchased a new position in shares of Timken during the fourth quarter worth $27,000. V Square Quantitative Management LLC purchased a new position in shares of Timken during the fourth quarter worth $31,000. Finally, Kestra Investment Management LLC acquired a new position in Timken during the second quarter valued at $42,000. Institutional investors and hedge funds own 89.08% of the company’s stock.
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.
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