Timken (NYSE:TKR) Stock Bumped Down to Hold by Wall Street Zen

Wall Street Zen downgraded shares of Timken (NYSE:TKR) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other research firms have also recently commented on TKR. JPMorgan Chase & Co. lifted their price target on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and boosted their target price for the company from $129.00 to $135.00 in a report on Tuesday, September 1st. The Goldman Sachs Group increased their target price on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 target price on shares of Timken in a report on Thursday. Finally, Citigroup increased their price target on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Timken currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

Timken Trading Up 2.9%

Shares of Timken stock opened at $122.42 on Friday. The firm has a market cap of $8.48 billion, a PE ratio of 33.18, a P/E/G ratio of 1.36 and a beta of 1.18. Timken has a 1 year low of $70.57 and a 1 year high of $146.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. The stock has a fifty day moving average price of $124.46 and a 200-day moving average price of $122.46.

Timken (NYSE:TKR) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.21. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts anticipate that Timken will post 6.25 EPS for the current year.

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, August 18th. This represents a $1.44 annualized dividend and a yield of 1.2%. Timken’s payout ratio is presently 39.02%.

Insider Buying and Selling

In other news, Director Richard Kyle sold 13,637 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the transaction, the director owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TKR. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Timken by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock valued at $255,000 after buying an additional 104 shares during the period. Parallel Advisors LLC boosted its holdings in Timken by 4.1% during the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after buying an additional 116 shares in the last quarter. Sheets Smith Wealth Management lifted its position in shares of Timken by 2.2% during the 2nd quarter. Sheets Smith Wealth Management now owns 6,079 shares of the industrial products company’s stock valued at $883,000 after acquiring an additional 128 shares during the period. Parvin Asset Management LLC boosted its stake in shares of Timken by 16.5% during the 1st quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 130 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Timken by 12.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,425 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 161 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

About Timken

Timken (NYSE: TKR) is an engineered bearings and industrial motion products company. Its offerings include tapered, spherical, cylindrical, needle and precision bearings, as well as seals and lubrication systems designed to reduce friction, manage loads and support the performance of mechanical equipment.

Through its Industrial Motion business, Timken also provides products such as mechanical power transmission components, chains, belts, couplings, linear motion systems and gear drives.