Timken (NYSE:TKR) Price Target Raised to $116.00

Timken (NYSE:TKR) had its price objective hoisted by Morgan Stanley from $105.00 to $116.00 in a research report released on Tuesday,Benzinga reports. Morgan Stanley currently has an overweight rating on the industrial products company’s stock.

TKR has been the topic of a number of other research reports. DA Davidson upped their price objective on Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research report on Wednesday, January 21st. Citigroup increased their price target on shares of Timken from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. lifted their price objective on shares of Timken from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Timken currently has an average rating of “Hold” and an average price target of $93.78.

Timken Trading Down 1.4%

NYSE TKR opened at $107.24 on Tuesday. Timken has a 52 week low of $56.20 and a 52 week high of $111.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.82. The stock’s 50 day moving average price is $91.53 and its two-hundred day moving average price is $82.05. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.60 and a beta of 1.21.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Timken had a net margin of 6.29% and a return on equity of 11.52%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, analysts anticipate that Timken will post 5.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 15,837 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $81.03, for a total transaction of $1,283,272.11. Following the transaction, the director owned 266,942 shares in the company, valued at $21,630,310.26. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Timken

Institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG raised its stake in Timken by 734.7% in the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after purchasing an additional 2,012,352 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of Timken by 341.0% during the second quarter. Cooke & Bieler LP now owns 1,106,981 shares of the industrial products company’s stock worth $80,311,000 after purchasing an additional 855,961 shares during the period. Invesco Ltd. raised its position in shares of Timken by 124.5% in the third quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after buying an additional 753,275 shares in the last quarter. Norges Bank bought a new stake in shares of Timken in the fourth quarter valued at approximately $47,644,000. Finally, American Century Companies Inc. grew its position in Timken by 13.4% during the second quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock worth $278,968,000 after buying an additional 455,050 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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.