Timken (TKR) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Timken in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TKR shares.
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8 analysts have issued 12 month price targets for Timken's stock. Their TKR share price forecasts range from $79.00 to $105.00. On average, they predict the company's stock price to reach $92.89 in the next twelve months. This suggests a possible upside of 28.1% from the stock's current price.
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Timken's stock was trading at $70.67 at the beginning of 2023. Since then, TKR shares have increased by 2.6% and is now trading at $72.53.
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Timken saw a decline in short interest in August. As of August 31st, there was short interest totaling 840,700 shares, a decline of 35.8% from the August 15th total of 1,310,000 shares. Based on an average trading volume of 602,600 shares, the short-interest ratio is presently 1.4 days. Approximately 1.3% of the shares of the stock are short sold.
View Timken's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our TKR earnings forecast.

The Timken Company (NYSE:TKR) posted its quarterly earnings data on Thursday, August, 3rd. The industrial products company reported $2.01 EPS for the quarter, missing the consensus estimate of $2.07 by $0.06. The industrial products company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.30 billion. Timken had a net margin of 9.08% and a trailing twelve-month return on equity of 20.87%. Timken's revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.67 earnings per share.

Timken announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.33 per share on Monday, August 28th. This represents a $1.32 annualized dividend and a yield of 1.82%. The ex-dividend date is Monday, August 14th.
Read our dividend analysis for TKR.

ETFs with the largest weight of Timken (NYSE:TKR) stock in their portfolio include Tema American Reshoring ETF (RSHO), Thrivent Small-Mid Cap ESG ETF (TSME), First Trust Materials AlphaDEX Fund (FXZ), Gabelli Love Our Planet & People ETF (LOPP), Innovator IBD Breakout Opportunities ETF (BOUT), Ballast Small/Mid Cap ETF (MGMT), Pacer US Export Leaders ETF (PEXL) and iShares U.S. Basic Materials ETF (IYM).

Timken (NYSE:TKR) pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.83%. 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 22.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TKR will have a dividend payout ratio of 17.39% 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 Thursday, August, 3rd. The company provided EPS guidance of $6.90-$7.30 for the period, compared to the consensus estimate of $7.41. The company issued revenue guidance of $4.86 billion-$4.86 billion, compared to the consensus revenue estimate of $4.95 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.76%), JPMorgan Chase & Co. (4.36%), Thrivent Financial for Lutherans (3.19%), Dimensional Fund Advisors LP (3.16%), State Street Corp (2.63%) and Earnest Partners LLC (1.90%). 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 and Ronald J Myers.
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.
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One share of TKR stock can currently be purchased for approximately $72.53.

Timken (NYSE:TKR) has a market capitalization of $5.15 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 $5.90 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.