Timken - TKR Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Timken in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TKR shares.
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7 analysts have issued twelve-month target prices for Timken's stock. Their TKR share price forecasts range from $70.00 to $88.00. On average, they anticipate the company's share price to reach $81.33 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price.
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Timken's stock was trading at $70.67 at the beginning of the year. Since then, TKR stock has increased by 13.1% and is now trading at $79.95.
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Timken saw a decline in short interest in December. As of December 30th, there was short interest totaling 1,290,000 shares, a decline of 23.7% from the December 15th total of 1,690,000 shares. Based on an average daily volume of 527,400 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our TKR earnings forecast.

Timken will be holding an earnings conference call on Monday, February 6th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "935474".

The Timken Company (NYSE:TKR) announced its quarterly earnings data on Sunday, October, 31st. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. The industrial products company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. Timken had a net margin of 8.44% and a trailing twelve-month return on equity of 18.16%. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS.

Timken announced a quarterly dividend on Friday, November 11th. Shareholders of record on Monday, November 21st will be paid a dividend of $0.31 per share on Friday, December 2nd. This represents a $1.24 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, November 18th.
Read our dividend analysis for TKR.

Timken (NYSE:TKR) pays an annual dividend of $1.24 per share and currently has a dividend yield of 1.60%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TKR will have a dividend payout ratio of 18.59% 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 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share (EPS) guidance of $5.80-$5.95 for the period, compared to the consensus EPS estimate of $5.69. The company issued revenue guidance of $4.50 billion-$4.50 billion, compared to the consensus revenue estimate of $4.43 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 shareholders include Allspring Global Investments Holdings LLC (0.74%), Strs Ohio (0.33%), Scout Investments Inc. (0.31%), Wedge Capital Management L L P NC (0.30%), Gateway Investment Advisers LLC (0.10%) and Comerica Bank (0.07%). 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, Shelly Marie Chadwick and Ward J Timken Jr.
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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 $79.95.

Timken (NYSE:TKR) has a market capitalization of $5.82 billion and generates $4.13 billion in revenue each year. The industrial products company earns $369.10 million in net income (profit) each year or $4.98 on an earnings per share basis.

The company employs 18,000 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.