The Timken Company (NYSE:TKR - Free Report) - Equities research analysts at Zacks Research boosted their Q1 2024 earnings per share estimates for shares of Timken in a report issued on Monday, April 8th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $1.48 per share for the quarter, up from their prior estimate of $1.44. The consensus estimate for Timken's current full-year earnings is $6.01 per share. Zacks Research also issued estimates for Timken's Q2 2024 earnings at $1.55 EPS, Q3 2024 earnings at $1.53 EPS, Q4 2024 earnings at $1.37 EPS, FY2024 earnings at $5.94 EPS, Q1 2025 earnings at $1.70 EPS and Q3 2025 earnings at $1.68 EPS.
Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.15. Timken had a return on equity of 19.57% and a net margin of 8.26%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $1.22 EPS. The business's revenue was up .9% compared to the same quarter last year.
Several other analysts also recently weighed in on TKR. Jefferies Financial Group downgraded Timken from a "buy" rating to a "hold" rating and dropped their price target for the company from $105.00 to $85.00 in a research note on Wednesday, December 20th. Stifel Nicolaus decreased their price objective on Timken from $93.00 to $92.00 and set a "buy" rating for the company in a report on Tuesday, December 19th. DA Davidson initiated coverage on Timken in a report on Tuesday, January 23rd. They issued a "buy" rating and a $92.00 price objective for the company. StockNews.com cut Timken from a "buy" rating to a "hold" rating in a report on Wednesday, February 21st. Finally, Morgan Stanley initiated coverage on Timken in a report on Monday, January 8th. They issued an "equal weight" rating and a $74.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $85.90.
View Our Latest Analysis on TKR
Timken Stock Performance
Timken stock traded down $0.09 during trading hours on Thursday, hitting $86.57. 474,204 shares of the stock traded hands, compared to its average volume of 498,781. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.79 and a quick ratio of 0.96. The firm's 50 day moving average price is $84.64 and its 200-day moving average price is $78.46. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 1.22 and a beta of 1.54. Timken has a 1 year low of $65.71 and a 1 year high of $95.08.
Timken Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were given a $0.33 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.52%. Timken's dividend payout ratio (DPR) is presently 24.18%.
Institutional Investors Weigh In On Timken
A number of large investors have recently made changes to their positions in the stock. CWM LLC grew its position in Timken by 45.7% in the first quarter. CWM LLC now owns 1,297 shares of the industrial products company's stock worth $113,000 after acquiring an additional 407 shares during the period. Nomura Holdings Inc. purchased a new position in Timken in the fourth quarter worth approximately $1,667,000. Livelsberger Financial Advisory purchased a new position in Timken in the fourth quarter worth approximately $30,000. Aurora Investment Counsel grew its position in Timken by 1.8% in the fourth quarter. Aurora Investment Counsel now owns 21,268 shares of the industrial products company's stock worth $1,774,000 after acquiring an additional 382 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Timken by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 87,650 shares of the industrial products company's stock worth $7,026,000 after purchasing an additional 2,200 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.
About Timken
(
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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.
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