Timken (NYSE:TKR) Price Target Raised to $110.00

Timken (NYSE:TKR) had its price objective hoisted by JPMorgan Chase & Co. from $100.00 to $110.00 in a research note published on Thursday,Benzinga reports. The firm currently has an underweight rating on the industrial products company’s stock.

TKR has been the subject of a number of other research reports. Citigroup upped their price objective on Timken from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp lifted their target price on Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday. Oppenheimer lifted their target price on Timken from $117.00 to $132.00 and gave the stock an “outperform” rating in a report on Thursday. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $115.88.

Timken Trading Up 1.4%

NYSE TKR opened at $117.97 on Thursday. The stock has a 50-day simple moving average of $104.05 and a 200 day simple moving average of $93.67. The company has a market capitalization of $8.20 billion, a PE ratio of 26.81, a P/E/G ratio of 1.70 and a beta of 1.18. The company has a current ratio of 2.88, a quick ratio of 1.47 and a debt-to-equity ratio of 0.60. Timken has a 12 month low of $67.14 and a 12 month high of $123.67.

Timken (NYSE:TKR) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Research analysts forecast that Timken will post 6.04 EPS for the current year.

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. This is an increase from Timken’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, May 19th. Timken’s dividend payout ratio is currently 31.82%.

Insider Activity

In other Timken news, Director Richard G. Kyle sold 19,636 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $107.99, for a total value of $2,120,491.64. Following the completion of the sale, the director directly owned 243,636 shares in the company, valued at $26,310,251.64. This represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. acquired a new position in shares of Timken during the third quarter worth about $25,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Timken during the fourth quarter worth about $25,000. Clearstead Advisors LLC boosted its position in shares of Timken by 130.3% during the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after buying an additional 172 shares during the period. Eastern Bank acquired a new position in shares of Timken during the fourth quarter worth about $27,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Timken during the fourth quarter worth about $31,000. 89.08% of the stock is 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.