Timken (NYSE:TKR) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Timken (NYSE:TKR) from a hold rating to a buy rating in a research note released on Sunday.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Timken from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Oppenheimer set a $108.00 price target on shares of Timken in a research report on Thursday, February 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. DA Davidson upped their target price on Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Finally, Citigroup raised their target price on Timken from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Timken presently has an average rating of “Hold” and an average target price of $93.78.

Timken Trading Down 1.5%

Shares of NYSE:TKR opened at $108.19 on Friday. The business’s 50 day simple moving average is $96.45 and its 200 day simple moving average is $84.59. Timken has a 1 year low of $56.20 and a 1 year high of $111.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.47. The company has a market capitalization of $7.52 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.59 and a beta of 1.17.

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

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Timken’s dividend payout ratio (DPR) is presently 34.06%.

Insider Buying and Selling at Timken

In other news, Director Richard G. Kyle sold 19,636 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $107.99, for a total value of $2,120,491.64. Following the sale, the director directly owned 243,636 shares of the company’s stock, valued at approximately $26,310,251.64. This represents a 7.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Timken

A number of institutional investors have recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd acquired a new stake in Timken during the 4th quarter worth about $25,000. Clearstead Advisors LLC boosted its position in shares of Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. Eastern Bank acquired a new stake in Timken during the fourth quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in Timken during the third quarter worth approximately $25,000. Finally, V Square Quantitative Management LLC bought a new stake in Timken in the fourth quarter worth approximately $31,000. Institutional investors own 89.08% of the company’s stock.

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.