Timken (NYSE:TKR) Sets New 1-Year High – What’s Next?

Timken Company (The) (NYSE:TKR)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $94.68 and last traded at $93.5470, with a volume of 538080 shares trading hands. The stock had previously closed at $90.65.

Wall Street Analyst Weigh In

TKR has been the subject of a number of recent research reports. Oppenheimer reissued an “outperform” rating on shares of Timken in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 target price on shares of Timken in a research report on Thursday, October 30th. Citigroup raised their price target on Timken from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $83.70.

Timken Trading Up 3.7%

The company has a quick ratio of 1.71, a current ratio of 3.11 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $6.55 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 1.82 and a beta of 1.21. The company has a fifty day simple moving average of $84.64 and a two-hundred day simple moving average of $79.65.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. Timken had a net margin of 6.54% and a return on equity of 11.88%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. On average, sell-side analysts expect that Timken Company will post 5.62 earnings per share for the current year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, November 25th. Timken’s dividend payout ratio is presently 33.10%.

Insider Buying and Selling

In other news, Director Richard G. Kyle sold 15,837 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $81.03, for a total value of $1,283,272.11. Following the completion of the sale, the director directly owned 266,942 shares of the company’s stock, valued at $21,630,310.26. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Timken

Several institutional investors have recently added to or reduced their stakes in TKR. Mather Group LLC. bought a new stake in shares of Timken in the third quarter valued at approximately $25,000. Eastern Bank acquired a new position in Timken in the 4th quarter valued at $27,000. SJS Investment Consulting Inc. grew its holdings in shares of Timken by 4,512.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 361 shares in the last quarter. Steph & Co. bought a new position in shares of Timken in the second quarter worth $37,000. Finally, CWM LLC raised its stake in Timken by 31.4% in the second quarter. CWM LLC now owns 527 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 126 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

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.