Timken Company (The) (NYSE:TKR) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Timken Company has received a consensus rating of "Hold", with seven analysts suggesting a hold and four recommending a buy.
• CitiGroup raised its target price for Timken from $85.00 to $90.00, indicating a positive outlook for the stock.
• The company recently declared a quarterly dividend of $0.35 per share, representing an annualized yield of 1.9%.

Timken Company (The) (NYSE:TKR - Get Free Report) has received a consensus rating of "Hold" from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $80.7273.

A number of research analysts have recently weighed in on TKR shares. Citigroup raised their target price on Timken from $85.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. started coverage on Timken in a report on Monday, September 15th. They issued a "neutral" rating and a $80.00 target price on the stock. Evercore ISI set a $84.00 target price on Timken and gave the company an "outperform" rating in a report on Tuesday, August 19th. Finally, DA Davidson raised their target price on Timken from $71.00 to $80.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd.

Institutional Trading of Timken

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its position in Timken by 282.3% in the first quarter. GAMMA Investing LLC now owns 1,147 shares of the industrial products company's stock worth $82,000 after buying an additional 847 shares during the last quarter. Teacher Retirement System of Texas increased its position in Timken by 77.8% in the first quarter. Teacher Retirement System of Texas now owns 11,912 shares of the industrial products company's stock worth $856,000 after buying an additional 5,212 shares during the last quarter. State of Alaska Department of Revenue increased its position in Timken by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 35,118 shares of the industrial products company's stock worth $2,523,000 after buying an additional 190 shares during the last quarter. Vanguard Group Inc. increased its position in Timken by 2.8% in the first quarter. Vanguard Group Inc. now owns 6,646,465 shares of the industrial products company's stock worth $477,681,000 after buying an additional 180,705 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in Timken in the first quarter worth $259,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Timken Stock Down 1.9%

Shares of Timken stock opened at $74.21 on Friday. Timken has a one year low of $56.20 and a one year high of $87.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.13 and a quick ratio of 1.72. The stock's 50-day moving average is $77.27 and its 200 day moving average is $72.55. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.66 and a beta of 1.25.

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

Timken Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Tuesday, August 19th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.9%. 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.

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.