Investment Analysts’ Weekly Ratings Updates for Timken (TKR)

Timken (NYSE: TKR) recently received a number of ratings updates from brokerages and research firms:

• 11/22/2024 – Timken had its “sector weight” rating reaffirmed by analysts at KeyCorp.
• 11/13/2024 – Timken was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $91.00 price target on the stock, up previously from $87.00.
• 11/6/2024 – Timken had its price target lowered by analysts at KeyCorp from $104.00 to $90.00. They now have an “overweight” rating on the stock.
• 11/6/2024 – Timken had its price target lowered by analysts at Oppenheimer Holdings Inc. from $102.00 to $97.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – Timken had its price target lowered by analysts at DA Davidson from $103.00 to $99.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Timken is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $90.00 price target on the stock.

Timken Price Performance

Shares of NYSE TKR traded up $2.10 during mid-day trading on Monday, reaching $78.06. The company had a trading volume of 91,287 shares, compared to its average volume of 486,367. The company has a 50-day moving average price of $81.45 and a two-hundred day moving average price of $82.80. The stock has a market cap of $5.47 billion, a PE ratio of 16.23, a P/E/G ratio of 1.13 and a beta of 1.43. The company has a current ratio of 3.00, a quick ratio of 1.62 and a debt-to-equity ratio of 0.71. The Timken Company has a 1-year low of $71.57 and a 1-year high of $94.71.

Timken (NYSE:TKR) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.15). Timken had a return on equity of 14.82% and a net margin of 7.41%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities analysts anticipate that The Timken Company will post 5.61 earnings per share for the current year.

Timken Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th will be given a $0.34 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.36 annualized dividend and a dividend yield of 1.74%. Timken’s dividend payout ratio (DPR) is presently 28.27%.

Insider Activity

In other Timken news, Director Richard G. Kyle sold 30,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $76.59, for a total value of $2,297,700.00. Following the completion of the sale, the director now owns 194,485 shares in the company, valued at $14,895,606.15. This represents a 13.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Timken

A number of hedge funds have recently modified their holdings of TKR. Coastline Trust Co purchased a new position in Timken in the third quarter valued at about $29,000. Versant Capital Management Inc acquired a new position in Timken in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its position in Timken by 1,905.6% during the first quarter. EverSource Wealth Advisors LLC now owns 361 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 343 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in Timken in the third quarter valued at approximately $32,000. Finally, UMB Bank n.a. grew its position in Timken by 64.1% in the third quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 168 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

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.