Timken’s (TKR) Outperform Rating Reiterated at Oppenheimer

by · The Cerbat Gem

Oppenheimer reaffirmed their outperform rating on shares of Timken (NYSE:TKR – Free Report) in a research report report published on Thursday,Benzinga reports. Oppenheimer currently has a $150.00 price objective on the industrial products company’s stock.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings raised Timken from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. Bank of America raised shares of Timken from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $129.00 to $135.00 in a research report on Tuesday, September 1st. Jefferies Financial Group set a $135.00 price target on shares of Timken in a report on Tuesday, September 1st. DA Davidson set a $130.00 price objective on shares of Timken in a report on Friday, August 14th. Finally, The Goldman Sachs Group increased their target price on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Timken currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Get Our Latest Analysis on TKR

Timken Stock Up 2.9%

Shares of Timken stock opened at $122.42 on Thursday. Timken has a 1 year low of $70.57 and a 1 year high of $146.37. The company has a market cap of $8.48 billion, a P/E ratio of 33.18, a P/E/G ratio of 1.36 and a beta of 1.18. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $124.46 and a 200 day moving average price of $122.46.

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

Timken Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, August 18th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, August 18th. Timken’s dividend payout ratio is presently 39.02%.

Insider Transactions at Timken

In other news, Director Richard Kyle sold 13,637 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the transaction, the director owned 183,724 shares in the company, valued at approximately $23,264,970.12. The trade was a 6.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Timken

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Timken during the second quarter worth $869,997,000. Bank of New York Mellon Corp bought a new position in shares of Timken during the 2nd quarter worth about $140,755,000. William Blair Investment Management LLC bought a new position in shares of Timken during the 2nd quarter worth about $138,757,000. Nykredit A S acquired a new stake in shares of Timken during the 2nd quarter valued at about $108,692,000. Finally, Norges Bank acquired a new stake in shares of Timken during the 4th quarter valued at about $47,644,000. 89.08% of the stock is owned by institutional investors and hedge funds.

About Timken

(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.

Recommended Stories