Timken (NYSE:TKR) Now Covered by Analysts at DA Davidson

Stock analysts at DA Davidson assumed coverage on shares of Timken (NYSE:TKR – Get Free Report) in a research note issued to investors on Tuesday. The firm set a “neutral” rating and a $130.00 price target on the industrial products company’s stock. DA Davidson’s price target would indicate a potential downside of 7.85% from the company’s current price.

Several other equities analysts also recently issued reports on the company. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research note on Monday, April 20th. Morgan Stanley set a $140.00 price objective on Timken in a report on Thursday, May 21st. Citigroup raised their price objective on Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group set a $128.00 target price on Timken in a report on Friday, May 22nd. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.63.

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Timken Stock Up 1.4%

NYSE:TKR traded up $1.95 during mid-day trading on Tuesday, hitting $141.07. 16,192 shares of the company’s stock traded hands, compared to its average volume of 885,387. Timken has a twelve month low of $69.25 and a twelve month high of $142.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. The company has a market capitalization of $9.80 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.64 and a beta of 1.21. The company has a fifty day moving average of $116.91 and a 200 day moving average of $102.74.

Timken (NYSE:TKR – Get Free Report) last released its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. Timken’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, analysts forecast that Timken will post 6.13 EPS for the current year.

Insider Activity

In other Timken news, Director Richard G. Kyle sold 37,181 shares of the company’s 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 transaction, the director directly owned 206,455 shares in the company, valued at approximately $24,225,429.70. This represents a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the transaction, the director directly owned 264,744 shares in the company, valued at approximately $30,845,323.44. The trade was a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 69,079 shares of company stock worth $8,296,144 in the last quarter. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of Timken

Several large investors have recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Timken during the fourth quarter worth $25,000. Clearstead Advisors LLC boosted its position in Timken by 130.3% during 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 last quarter. Eastern Bank purchased a new stake in Timken during the 4th quarter valued at about $27,000. V Square Quantitative Management LLC purchased a new stake in Timken during the 4th quarter valued at about $31,000. Finally, Kestra Investment Management LLC acquired a new stake in Timken in the 2nd quarter valued at about $42,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

About Timken

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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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