Weiss Ratings Reiterates "Hold (C+)" Rating for Timken (NYSE:TKR)

Key Points

• Weiss Ratings has reaffirmed a "hold (C+)" rating for Timken (NYSE:TKR), indicating a neutral stance on the stock's performance.
• Timken's consensus target price is currently set at $80.73, with a mix of ratings from analysts, including four "Buy" and eight "Hold" ratings.
• As of the latest data, Timken's stock is trading at $75.82, with a 52-week high of $87.52 and a market capitalization of approximately $5.28 billion.

Timken (NYSE:TKR - Get Free Report)'s stock had its "hold (c+)" rating restated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. initiated coverage on Timken in a research note on Monday, September 15th. They set a "neutral" rating and a $80.00 price objective for the company. Evercore ISI set a $84.00 price objective on Timken and gave the company an "outperform" rating in a research note on Tuesday, August 19th. DA Davidson upped their price objective on Timken from $71.00 to $80.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Citigroup upped their price objective on Timken from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Timken presently has a consensus rating of "Hold" and a consensus target price of $80.73.

Timken Stock Performance

Shares of Timken stock traded down $0.01 on Wednesday, hitting $75.82. The stock had a trading volume of 501,751 shares, compared to its average volume of 670,600. Timken has a 52-week low of $56.20 and a 52-week high of $87.52. The company has a current ratio of 3.13, a quick ratio of 1.72 and a debt-to-equity ratio of 0.65. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.69 and a beta of 1.26. The company's 50 day moving average price is $76.51 and its 200 day moving average price is $72.62.

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

Institutional Inflows and Outflows

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

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.

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