Timken’s (TKR) Neutral Rating Reaffirmed at DA Davidson

DA Davidson restated their neutral rating on shares of Timken (NYSE:TKR) in a research report sent to investors on Monday, MarketBeat.com reports. They currently have a $66.00 target price on the industrial products company’s stock, down from their prior target price of $97.00. DA Davidson also issued estimates for Timken’s Q1 2025 earnings at $1.38 EPS, FY2025 earnings at $5.38 EPS and FY2026 earnings at $6.52 EPS.

A number of other analysts have also recently weighed in on the company. Evercore ISI raised their price target on Timken from $91.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group decreased their target price on Timken from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Citigroup dropped their price target on shares of Timken from $95.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group restated a “hold” rating and set a $70.00 price objective (down previously from $90.00) on shares of Timken in a research report on Wednesday, April 2nd. Finally, Loop Capital dropped their target price on shares of Timken from $85.00 to $65.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Timken has a consensus rating of “Hold” and an average price target of $81.91.

Timken Stock Performance

Shares of TKR opened at $62.55 on Monday. Timken has a 1 year low of $56.20 and a 1 year high of $94.71. The stock has a market capitalization of $4.38 billion, a PE ratio of 12.54, a PEG ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07. The stock has a 50-day simple moving average of $71.27 and a 200-day simple moving average of $75.59.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. On average, analysts predict that Timken will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 25th were issued a $0.34 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.17%. Timken’s payout ratio is 27.25%.

Insider Transactions at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $81.50, for a total transaction of $407,500.00. Following the completion of the sale, the chief financial officer now directly owns 90,541 shares of the company’s stock, valued at $7,379,091.50. This represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Fairway Wealth LLC acquired a new stake in shares of Timken during the fourth quarter worth $29,000. Amundi lifted its stake in shares of Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 174 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of Timken in the 4th quarter worth $66,000. UMB Bank n.a. boosted its holdings in shares of Timken by 400.0% in the first quarter. UMB Bank n.a. now owns 1,000 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Timken by 282.3% during the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 847 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

About Timken

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.