Timken (NYSE:TKR) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Timken from “buy” to “hold,” although broader analyst sentiment remains a “Moderate Buy,” with seven Buy ratings, three Hold ratings, and a consensus price target of $147.
• Timken reported quarterly adjusted EPS of $1.83, exceeding estimates of $1.62, while revenue reached $1.26 billion, up 7.5% year over year and above expectations.
• Timken shares opened at $122.42, with the stock trading between a 12-month low of $70.57 and high of $146.37; director Richard Kyle also sold 13,637 shares for approximately $1.73 million.

Timken (NYSE:TKR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group set a $135.00 price objective on shares of Timken in a research report on Tuesday, September 1st. Citigroup raised their target price on Timken from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Timken from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 20th. KeyCorp boosted their price target on Timken from $140.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Finally, JPMorgan Chase & Co. upped their price objective on Timken from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently 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 company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61. Timken has a 12-month low of $70.57 and a 12-month high of $146.37. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 1.32 and a beta of 1.18. The firm's 50-day moving average price is $124.46 and its two-hundred day moving average price is $122.46.

Timken (NYSE:TKR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 EPS 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 analysts' expectations of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, analysts forecast that Timken will post 6.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Timken

In other Timken news, Director Richard Kyle sold 13,637 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the sale, the director owned 183,724 shares of the company's stock, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allworth Financial LP bought a new position in Timken during the 2nd quarter worth $37,000. Elevation Wealth Partners LLC lifted its holdings in Timken by 420.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company's stock worth $38,000 after buying an additional 210 shares during the period. Trust Co. of Vermont bought a new stake in shares of Timken in the 2nd quarter valued at about $41,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Timken in the 4th quarter valued at about $25,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Timken in the second quarter valued at about $82,000. 89.08% of the stock is currently owned by 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.

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