Timken - TKR Stock Forecast, Price & News

8 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 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TKR shares.
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8 Wall Street research analysts have issued 12 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 $91.75 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price.
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Timken's stock was trading at $70.67 at the start of the year. Since then, TKR shares have increased by 12.7% and is now trading at $79.63.
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Timken saw a decline in short interest in March. As of March 15th, there was short interest totaling 846,300 shares, a decline of 16.2% from the February 28th total of 1,010,000 shares. Based on an average trading volume of 594,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.3% 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, May 1st 2023.
View our TKR earnings forecast.

The Timken Company (NYSE:TKR) posted its earnings results on Monday, February, 6th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.13. The industrial products company earned $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Timken had a trailing twelve-month return on equity of 19.52% and a net margin of 9.06%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 EPS.

Timken declared a quarterly dividend on Friday, February 10th. Investors of record on Tuesday, February 21st will be given a dividend of $0.31 per share on Monday, March 6th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, February 17th.
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), Invesco S&P MidCap Momentum ETF (XMMO), iShares U.S. Basic Materials ETF (IYM) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).

Timken (NYSE:TKR) pays an annual dividend of $1.24 per share and currently has a dividend yield of 1.63%. 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 22.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TKR will have a dividend payout ratio of 16.82% 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 Monday, February, 6th. The company provided earnings per share guidance of $6.50-$7.10 for the period, compared to the consensus estimate of $6.67. The company issued revenue guidance of $4.77 billion-$4.77 billion, compared to the consensus revenue estimate of $4.76 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 shareholders include JPMorgan Chase & Co. (4.11%), Dimensional Fund Advisors LP (3.29%), Earnest Partners LLC (2.75%), Thrivent Financial for Lutherans (2.55%), American Century Companies Inc. (2.29%) and Alliancebernstein L.P. (1.66%). 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.
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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 $79.63.

Timken (NYSE:TKR) has a market capitalization of $5.78 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 $5.48 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.