Timken's (TKR) Outperform Rating Reaffirmed at Oppenheimer

Timken (NYSE:TKR - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Oppenheimer in a report released on Thursday, Benzinga reports. They presently have a $150.00 target price on the industrial products company's stock. Oppenheimer's price objective points to a potential upside of 30.09% from the stock's previous close.

Several other research firms have also commented on TKR. Weiss Ratings raised shares of Timken from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 20th. DA Davidson set a $130.00 target price on shares of Timken in a report on Friday, August 14th. Bank of America upgraded shares of Timken from a "neutral" rating to a "buy" rating and boosted their price target for the company from $129.00 to $135.00 in a report on Tuesday, September 1st. The Goldman Sachs Group upped their price target on shares of Timken from $128.00 to $142.00 and gave the company a "neutral" rating in a research report on Friday, July 10th. Finally, KeyCorp lifted their price objective on shares of Timken from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $147.00.

Timken Stock Down 1.2%

Shares of NYSE:TKR traded down $1.44 during mid-day trading on Thursday, hitting $115.31. 126,316 shares of the company traded hands, compared to its average volume of 906,590. The firm has a market cap of $7.99 billion, a P/E ratio of 31.23, a PEG ratio of 1.30 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 debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10. The firm's 50 day simple moving average is $125.27 and its 200 day simple moving average is $122.30.

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 for the quarter, beating analysts' consensus estimates of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%.The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $1.12 EPS. The business's quarterly revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities analysts anticipate that Timken will post 6.25 EPS for the current year.

Insider Transactions at Timken

In other news, Director Richard Kyle sold 13,637 shares of Timken 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 transaction, the director directly owned 183,724 shares of the company's stock, valued at $23,264,970.12. This trade represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.10% of the company's stock.

Institutional Investors Weigh In On Timken

Several hedge funds have recently bought and sold shares of TKR. BlackRock Inc. acquired a new position in shares of Timken in the second quarter valued at $869,997,000. Dimensional Fund Advisors LP boosted its stake in Timken by 8.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company's stock valued at $290,320,000 after purchasing an additional 214,845 shares during the period. Bank of New York Mellon Corp bought a new position in Timken during the 2nd quarter worth $140,755,000. William Blair Investment Management LLC acquired a new stake in shares of Timken during the second quarter worth $138,757,000. Finally, Nykredit A S bought a new stake in shares of Timken in the second quarter valued at about $108,692,000. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Timken Company Profile

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.