DA Davidson Forecasts Timken’s FY2025 Earnings (NYSE:TKR)

The Timken Company (NYSE:TKR) – DA Davidson decreased their FY2025 earnings estimates for shares of Timken in a report issued on Wednesday, November 6th. DA Davidson analyst M. Shlisky now expects that the industrial products company will post earnings per share of $6.47 for the year, down from their previous estimate of $7.24. DA Davidson has a “Buy” rating and a $99.00 price objective on the stock. The consensus estimate for Timken’s current full-year earnings is $5.62 per share.

Several other equities research analysts have also recently commented on TKR. Citigroup started coverage on shares of Timken in a research report on Monday, October 14th. They issued a “neutral” rating and a $90.00 price target on the stock. Evercore ISI dropped their target price on shares of Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. KeyCorp reduced their target price on shares of Timken from $104.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Oppenheimer dropped their price target on Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Timken has a consensus rating of “Hold” and an average price target of $89.60.

Timken Stock Down 2.8 %

TKR opened at $76.99 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.64 and a current ratio of 3.00. The company has a market capitalization of $5.40 billion, a PE ratio of 16.01, a P/E/G ratio of 1.94 and a beta of 1.43. The stock’s fifty day moving average is $82.56 and its 200-day moving average is $83.82. Timken has a one year low of $70.15 and a one year high of $94.71.

Timken (NYSE:TKR) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.15). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Timken had a net margin of 7.41% and a return on equity of 14.82%. Timken’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 EPS.

Hedge Funds Weigh In On Timken

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TKR. Creative Planning lifted its holdings in shares of Timken by 1.7% in the second quarter. Creative Planning now owns 9,123 shares of the industrial products company’s stock valued at $731,000 after purchasing an additional 150 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Timken by 3.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,661 shares of the industrial products company’s stock valued at $407,000 after buying an additional 155 shares during the period. Beese Fulmer Investment Management Inc. lifted its stake in Timken by 1.0% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 15,208 shares of the industrial products company’s stock worth $1,282,000 after acquiring an additional 155 shares in the last quarter. Blue Trust Inc. boosted its position in Timken by 20.0% during the 3rd quarter. Blue Trust Inc. now owns 997 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 166 shares during the period. Finally, UMB Bank n.a. grew its stake in Timken by 64.1% during the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Company Profile

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.