Timken (TKR) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Timken in the last twelve months. 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.
View TKR analyst ratings or view top-rated stocks.

8 brokerages have issued twelve-month price targets for Timken's shares. Their TKR share price forecasts range from $79.00 to $105.00. On average, they anticipate the company's stock price to reach $92.89 in the next twelve months. This suggests a possible upside of 26.0% 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 beginning of 2023. Since then, TKR stock has increased by 4.3% and is now trading at $73.72.
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Timken saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 840,700 shares, a drop of 35.8% from the August 15th total of 1,310,000 shares. Based on an average daily trading volume, of 602,600 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.3% of the company's stock are sold short.
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) announced its quarterly earnings results on Thursday, August, 3rd. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. The company's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business 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 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend 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 1.80%. 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 updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $6.90-$7.30 for the period, compared to the consensus EPS 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."

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 $73.72.

Timken (NYSE:TKR) has a market capitalization of $5.24 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.