Shares of Timken Company (The) (NYSE:TKR – Get Free Report) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $147.00.
TKR has been the topic of a number of recent research reports. Citigroup upped their price objective on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Jefferies Financial Group set a $135.00 target price on shares of Timken in a report on Tuesday, September 1st. JPMorgan Chase & Co. boosted their price target on Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen downgraded Timken from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd.
Get Our Latest Report on Timken
Timken Stock Up 1.7%
Timken (NYSE:TKR – Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company posted $1.12 EPS. Timken’s revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities analysts predict that Timken will post 6.25 EPS for the current fiscal year.
Timken Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. Timken’s payout ratio is presently 39.02%.
Insider Buying and Selling
In other Timken news, Director Richard Kyle sold 13,637 shares of the business’s stock in a transaction on Monday, August 10th. The stock was 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 of the company’s stock, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.10% of the company’s stock.
Hedge Funds Weigh In On Timken
Institutional investors and hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC boosted its stake in Timken by 29.9% in the 1st quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock worth $45,409,000 after purchasing an additional 103,904 shares in the last quarter. State of Wyoming purchased a new stake in Timken during the 2nd quarter valued at about $1,466,000. Regents Gate Capital LLP bought a new stake in Timken during the 4th quarter valued at about $9,126,000. Nykredit A S bought a new stake in Timken during the 2nd quarter valued at about $75,623,000. Finally, Corient Private Wealth LP increased its stake in Timken by 168.9% during the 2nd 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. 89.08% of the stock is currently owned by 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.
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