Timken Company (The) (NYSE:TKR) Receives Average Rating of "Hold" from Analysts

Key Points

• Timken Company (NYSE: TKR) has received an average rating of "Hold" from brokerages, with six analysts recommending hold and four recommending buy.
• The company's recent earnings report showed an EPS of $1.42, exceeding expectations, although revenue decreased by 0.8% year-over-year.
• Timken announced a quarterly dividend of $0.35 per share, yielding 1.8%, with a payout ratio of 31.82%.

Timken Company (The) (NYSE:TKR - Get Free Report) has been given an average recommendation of "Hold" by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $79.80.

A number of brokerages have commented on TKR. Evercore ISI set a $84.00 price objective on shares of Timken and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Citigroup lifted their price target on shares of Timken from $75.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Finally, DA Davidson lifted their price target on shares of Timken from $71.00 to $80.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TKR. Livelsberger Financial Advisory purchased a new position in Timken during the 2nd quarter worth $28,000. Steph & Co. purchased a new position in Timken during the 2nd quarter worth $37,000. CWM LLC grew its position in Timken by 31.4% during the 2nd quarter. CWM LLC now owns 527 shares of the industrial products company's stock worth $38,000 after purchasing an additional 126 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Timken during the 2nd quarter worth $42,000. Finally, EverSource Wealth Advisors LLC grew its position in Timken by 1,954.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 719 shares of the industrial products company's stock worth $52,000 after purchasing an additional 684 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Stock Up 1.8%

TKR traded up $1.34 during trading hours on Monday, hitting $76.46. 447,321 shares of the company's stock were exchanged, compared to its average volume of 671,816. Timken has a 12-month low of $56.20 and a 12-month high of $87.52. The firm has a 50 day moving average of $77.04 and a 200 day moving average of $72.81. The firm has a market cap of $5.32 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.69 and a beta of 1.25. The company has a current ratio of 3.13, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65.

Timken (NYSE:TKR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.08. Timken had a net margin of 6.86% and a return on equity of 11.78%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $1.63 EPS. The firm's revenue for the quarter was down .8% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.100-5.400 EPS. Analysts predict that Timken will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 19th. Timken's dividend payout ratio (DPR) is presently 31.82%.

Timken Company Profile

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.