DA Davidson Issues Negative Estimate for Timken Earnings

The Timken Company (NYSE:TKR - Free Report) - Investment analysts at DA Davidson cut their Q2 2025 earnings per share estimates for Timken in a research report issued on Tuesday, May 6th. DA Davidson analyst M. Shlisky now expects that the industrial products company will post earnings of $1.44 per share for the quarter, down from their previous estimate of $1.56. DA Davidson has a "Neutral" rating and a $71.00 price objective on the stock. The consensus estimate for Timken's current full-year earnings is $5.62 per share. DA Davidson also issued estimates for Timken's FY2025 earnings at $5.41 EPS.

Several other equities analysts also recently commented on TKR. Oppenheimer dropped their target price on Timken from $90.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Evercore ISI raised their price objective on shares of Timken from $91.00 to $102.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. The Goldman Sachs Group reduced their target price on shares of Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Citigroup dropped their price target on shares of Timken from $95.00 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America upgraded shares of Timken from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $79.70.

Timken Stock Down 0.1 %

Shares of TKR opened at $66.29 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 3.07. Timken has a 52 week low of $56.20 and a 52 week high of $93.66. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.51 and a beta of 1.30. The stock has a fifty day moving average of $68.37 and a 200-day moving average of $74.35.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.43 by ($0.03). Timken had a return on equity of 13.93% and a net margin of 7.71%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the company earned $1.77 earnings per share. Timken's revenue for the quarter was down 4.2% compared to the same quarter last year.

Hedge Funds Weigh In On Timken

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

Insider Transactions at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the firm'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 owns 90,541 shares of the company's stock, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 8.70% of the company's stock.

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.35 per share. This is an increase from Timken's previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, May 13th. Timken's dividend payout ratio (DPR) is presently 30.17%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.