DA Davidson Issues Positive Forecast for Timken (NYSE:TKR) Stock Price

Timken (NYSE:TKR - Get Free Report) had its target price increased by analysts at DA Davidson from $66.00 to $71.00 in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has a "neutral" rating on the industrial products company's stock. DA Davidson's price target would indicate a potential upside of 3.47% from the stock's current price. DA Davidson also issued estimates for Timken's Q2 2025 earnings at $1.56 EPS, Q2 2025 earnings at $1.44 EPS, FY2025 earnings at $5.41 EPS and FY2026 earnings at $6.23 EPS.

Several other research firms have also recently issued reports on TKR. The Goldman Sachs Group reduced their target price on Timken from $85.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group reiterated a "hold" rating and issued a $70.00 price target (down previously from $90.00) on shares of Timken in a report on Wednesday, April 2nd. Loop Capital decreased their price objective on shares of Timken from $85.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Citigroup reduced their price target on shares of Timken from $95.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley decreased their price target on shares of Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Timken has a consensus rating of "Hold" and a consensus price target of $80.20.

Timken Trading Up 0.3 %

Shares of NYSE:TKR traded up $0.19 during trading on Monday, reaching $68.62. 504,627 shares of the company traded hands, compared to its average volume of 559,465. The company has a current ratio of 3.07, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. Timken has a 52-week low of $56.20 and a 52-week high of $93.66. The business's fifty day moving average is $67.77 and its 200-day moving average is $74.06. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.51 and a beta of 1.30.

Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Timken had a return on equity of 13.93% and a net margin of 7.71%. Timken's revenue was down 4.2% on a year-over-year basis. During the same period last year, the business earned $1.77 EPS. As a group, analysts forecast that Timken will post 5.62 EPS for the current year.

Institutional Inflows and Outflows

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

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.