Timken (NYSE:TKR) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Timken to “buy” from “hold.” The company has a consensus “Moderate Buy” rating from analysts, with an average price target of $145.
• Timken reported quarterly EPS of $1.83, exceeding estimates of $1.62, while revenue reached $1.26 billion and increased 7.5% year over year.
• Timken shares opened at $110.83, compared with a 52-week range of $73.62 to $146.37. Institutional investors own approximately 89.08% of the company, while a director recently sold 13,637 shares.

Timken (NYSE:TKR - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on the company. The Goldman Sachs Group boosted their price target on Timken from $128.00 to $142.00 and gave the company a "neutral" rating in a report on Friday, July 10th. Oppenheimer restated an "outperform" rating and set a $150.00 price objective on shares of Timken in a research note on Thursday, October 1st. Citigroup lowered their target price on shares of Timken from $160.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, October 12th. Jefferies Financial Group set a $135.00 price objective on shares of Timken in a research report on Tuesday, September 1st. Finally, KeyCorp increased their price objective on shares of Timken from $140.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Timken presently has a consensus rating of "Moderate Buy" and an average price target of $145.00.

Timken Stock Performance

Timken stock opened at $110.83 on Friday. The stock's 50 day moving average price is $117.17 and its 200 day moving average price is $117.06. The firm has a market capitalization of $7.68 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 1.27 and a beta of 1.18. Timken has a one year low of $73.62 and a one year high of $146.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10.

Timken (NYSE:TKR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.21. The business 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 business's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, sell-side analysts expect that Timken will post 6.25 EPS for the current fiscal year.

Insider Transactions 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 stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the completion of the transaction, the director owned 183,724 shares in the company, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Compass Financial Management LLC acquired a new stake in Timken during the 3rd quarter valued at $276,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Timken by 1.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 13,222 shares of the industrial products company's stock valued at $1,544,000 after purchasing an additional 164 shares in the last quarter. Vise Technologies Inc. lifted its holdings in shares of Timken by 76.3% in the third quarter. Vise Technologies Inc. now owns 2,560 shares of the industrial products company's stock valued at $299,000 after purchasing an additional 1,108 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Timken by 1.1% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 26,650 shares of the industrial products company's stock worth $3,111,000 after buying an additional 300 shares during the period. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Timken in the third quarter worth $46,000. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Company Profile

Timken is an industrial manufacturer that designs and produces engineered bearings and power transmission products. Its offerings include tapered and spherical roller bearings, precision bearings, seals, lubrication systems, gears, belts, chains, couplings, and other components used to manage friction, motion, and power transmission.

The company serves customers across a range of industries, including industrial machinery, renewable energy, transportation, aerospace, defense, agriculture, construction, and energy.

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