Timken (TKR) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Timken in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TKR shares.
View TKR analyst ratings or view top-rated stocks.

8 brokers have issued twelve-month price objectives for Timken's shares. Their TKR share price forecasts range from $79.00 to $105.00. On average, they anticipate the company's share price to reach $90.78 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
View analysts price targets for TKR or view top-rated stocks among Wall Street analysts.

Timken's stock was trading at $70.67 at the start of the year. Since then, TKR shares have increased by 10.6% and is now trading at $78.18.
View the best growth stocks for 2023 here.

Timken saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,270,000 shares, an increase of 24.5% from the April 15th total of 1,020,000 shares. Based on an average daily trading volume, of 643,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.0% of the shares of the stock are sold short.
View Timken's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our TKR earnings forecast.

The Timken Company (NYSE:TKR) issued its earnings results on Wednesday, May, 3rd. The industrial products company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.24. The industrial products company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Timken had a trailing twelve-month return on equity of 20.72% and a net margin of 8.88%. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 EPS.

Timken announced a quarterly dividend on Friday, May 5th. Shareholders of record on Tuesday, May 16th will be given a dividend of $0.33 per share on Tuesday, May 30th. This represents a $1.32 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, May 15th. This is a positive change from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for TKR.

ETFs with the largest weight of Timken (NYSE:TKR) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), Thrivent Small-Mid Cap ESG ETF (TSME), SRH U.S. Quality ETF (SRHQ), Gabelli Love Our Planet & People ETF (LOPP), Ballast Small/Mid Cap ETF (MGMT), Pacer US Export Leaders ETF (PEXL), Invesco S&P MidCap Momentum ETF (XMMO) and AB US High Dividend ETF (HIDV).

Timken (NYSE:TKR) pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.69%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TKR will have a dividend payout ratio of 17.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TKR.

Timken issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $7.00-$7.50 for the period, compared to the consensus estimate of $7.02. The company issued revenue guidance of $4.92 billion-$4.92 billion, compared to the consensus revenue estimate of $4.85 billion.

134 employees have rated Timken Chief Executive Officer Richard G. Kyle on Glassdoor.com. Richard G. Kyle has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Timken investors own include TimkenSteel (TMST), Paychex (PAYX), Boeing (BA), General Electric (GE), Starbucks (SBUX), Caterpillar (CAT), Intel (INTC), Procter & Gamble (PG), Cisco Systems (CSCO) and Eaton (ETN).

Timken trades on the New York Stock Exchange (NYSE) under the ticker symbol "TKR."

Timken's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.28%), JPMorgan Chase & Co. (4.09%), FMR LLC (3.32%), Dimensional Fund Advisors LP (3.23%), State Street Corp (2.66%) and Thrivent Financial for Lutherans (2.65%). Insiders that own company stock include Bo Hans Olof Landin, Christopher A Coughlin, Hansal N Patel, Hansal N Patel, Jacqueline F Woods, Philip D Fracassa, Richard G Kyle, Ronald J Myers and Ward J Timken Jr.
View institutional ownership trends.

Shares of TKR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of TKR stock can currently be purchased for approximately $78.18.

Timken (NYSE:TKR) has a market capitalization of $5.66 billion and generates $4.50 billion in revenue each year. The industrial products company earns $407.40 million in net income (profit) each year or $5.59 on an earnings per share basis.

The company employs 19,000 workers across the globe.

Timken's mailing address is 4500 MT. PLEASANT ST. NW, NORTH CANTON OH, 44720. The official website for the company is www.timken.com. The industrial products company can be reached via phone at (234) 262-3000, via email at jason.hershiser@timken.com, or via fax at 330-458-6006.