Timken (NYSE:TKR) Stock Gets Price Target Reduction from Citigroup

by · The Markets Daily

Timken (NYSE:TKR – Get Free Report) had its price objective reduced by equities researchers at Citigroup from $160.00 to $140.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Citigroup’s price objective would indicate a potential upside of 21.61% from the company’s previous close.

TKR has been the subject of a number of other research reports. Jefferies Financial Group set a $135.00 target price on Timken in a report on Tuesday, September 1st. JPMorgan Chase & Co. increased their price target on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Wall Street Zen lowered shares of Timken from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and raised their price target for the stock from $129.00 to $135.00 in a research report on Tuesday, September 1st. Finally, Oppenheimer restated an “outperform” rating and set a $150.00 price objective on shares of Timken in a research note on Thursday, October 1st. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.00.

View Our Latest Stock Analysis on Timken

Timken Stock Performance

Timken stock traded down $1.00 during trading hours on Monday, hitting $115.12. 674,623 shares of the stock traded hands, compared to its average volume of 909,574. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.10 and a quick ratio of 1.74. The firm’s 50 day moving average price is $122.42 and its 200-day moving average price is $123.30. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 1.29 and a beta of 1.18. Timken has a 1 year low of $71.39 and a 1 year high of $146.37.

Timken (NYSE:TKR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. Timken had a return on equity of 12.63% and a net margin of 5.43%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $1.12 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, equities analysts expect that Timken will post 6.25 EPS for the current fiscal year.

Insider Buying and Selling at Timken

In other Timken news, Director Richard Kyle sold 13,637 shares of Timken stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the completion of the transaction, the director owned 183,724 shares in the company, valued at approximately $23,264,970.12. This trade represents a 6.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.10% of the company’s stock.

Institutional Trading of Timken

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Timken during the second quarter worth about $869,997,000. Bank of New York Mellon Corp purchased a new position in Timken during the second quarter valued at approximately $140,755,000. William Blair Investment Management LLC acquired a new position in Timken in the second quarter valued at approximately $138,757,000. Nykredit A S acquired a new position in Timken in the second quarter valued at approximately $108,692,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Timken in the second quarter valued at approximately $75,977,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Timken Company Profile

(Get Free Report)

Timken (NYSE: TKR) is an engineered bearings and industrial motion products company. Its offerings include tapered, spherical, cylindrical, needle and precision bearings, as well as seals and lubrication systems designed to reduce friction, manage loads and support the performance of mechanical equipment.

Through its Industrial Motion business, Timken also provides products such as mechanical power transmission components, chains, belts, couplings, linear motion systems and gear drives.

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