Timken (NYSE:TKR) Upgraded by Bank of America to Buy Rating

Timken (NYSE:TKR) was upgraded by Bank of America from a “neutral” rating to a “buy” rating in a report issued on Tuesday, Briefing.com reports. The brokerage currently has a $135.00 price objective on the industrial products company’s stock. Bank of America‘s price objective points to a potential upside of 12.10% from the company’s previous close.

Several other analysts have also recently commented on TKR. DA Davidson set a $130.00 price objective on shares of Timken in a research note on Friday, August 14th. The Goldman Sachs Group raised their price objective on Timken from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Citigroup upped their price target on shares of Timken from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Evercore restated an “outperform” rating and issued a $158.00 price objective on shares of Timken in a report on Monday, May 11th. Finally, Oppenheimer boosted their target price on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Timken presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.50.

Timken Stock Down 0.3%

TKR stock opened at $120.43 on Tuesday. The firm has a 50 day moving average of $134.60 and a 200 day moving average of $120.39. The stock has a market capitalization of $8.35 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. Timken has a 52 week low of $70.57 and a 52 week high of $146.37. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61.

Timken (NYSE:TKR) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. The firm had revenue of $1.26 billion for 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 business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts forecast that Timken will post 6.25 earnings per share for the current year.

Insider Activity at Timken

In other Timken news, Director Richard G. Kyle sold 13,637 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $126.63, for a total value of $1,726,853.31. Following the sale, the director owned 183,724 shares of the company’s stock, valued at $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ajita G. Rajendra sold 8,450 shares of Timken stock in a transaction on Friday, June 5th. The shares were sold at an average price of $131.34, for a total value of $1,109,823.00. Following the completion of the sale, the director directly owned 20,225 shares of the company’s stock, valued at $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Timken

Several institutional investors have recently modified their holdings of TKR. Fifth Third Wealth Advisors LLC boosted its holdings in Timken by 4.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 104 shares during the period. Parallel Advisors LLC raised its position in Timken by 4.1% in the 1st quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 116 shares in the last quarter. Sheets Smith Wealth Management boosted its stake in shares of Timken by 2.2% in the 2nd quarter. Sheets Smith Wealth Management now owns 6,079 shares of the industrial products company’s stock valued at $883,000 after buying an additional 128 shares during the period. Parvin Asset Management LLC boosted its stake in shares of Timken by 16.5% in the 1st quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock valued at $93,000 after buying an additional 130 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Timken by 3.2% during the third quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock worth $325,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

About Timken

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.