DA Davidson Reiterates Neutral Rating for Timken (NYSE:TKR)

DA Davidson reissued their neutral rating on shares of Timken (NYSE:TKR - Free Report) in a research note issued to investors on Monday morning, MarketBeat.com reports. DA Davidson currently has a $66.00 target price on the industrial products company's stock, down from their prior target price of $97.00. DA Davidson also issued estimates for Timken's Q1 2025 earnings at $1.38 EPS, FY2025 earnings at $5.38 EPS and FY2026 earnings at $6.52 EPS.

A number of other brokerages have also recently commented on TKR. Morgan Stanley dropped their price target on Timken from $94.00 to $88.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Evercore ISI lifted their target price on shares of Timken from $91.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Bank of America upgraded shares of Timken from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. Loop Capital decreased their price objective on Timken from $85.00 to $65.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $70.00 target price (down from $90.00) on shares of Timken in a report on Wednesday, April 2nd. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $81.91.

Timken Price Performance

NYSE:TKR traded up $2.42 during mid-day trading on Monday, reaching $65.00. The stock had a trading volume of 558,223 shares, compared to its average volume of 556,338. The stock has a 50-day simple moving average of $70.91 and a two-hundred day simple moving average of $75.47. The stock has a market capitalization of $4.55 billion, a PE ratio of 13.03, a P/E/G ratio of 1.51 and a beta of 1.28. Timken has a 12 month low of $56.20 and a 12 month high of $94.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.61.

Timken (NYSE:TKR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. On average, equities analysts anticipate that Timken will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 25th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Tuesday, February 25th. Timken's dividend payout ratio (DPR) is currently 27.25%.

Insider Buying and Selling at Timken

In related news, CFO Philip D. Fracassa sold 5,000 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following the transaction, the chief financial officer now owns 90,541 shares of the company's stock, valued at approximately $7,379,091.50. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Timken

Several institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its holdings in shares of Timken by 418.4% in the fourth quarter. Victory Capital Management Inc. now owns 882,156 shares of the industrial products company's stock valued at $62,959,000 after purchasing an additional 711,979 shares during the last quarter. Norges Bank purchased a new position in Timken during the fourth quarter valued at approximately $42,748,000. Millennium Management LLC increased its holdings in shares of Timken by 1,421.1% in the fourth quarter. Millennium Management LLC now owns 458,700 shares of the industrial products company's stock worth $32,737,000 after purchasing an additional 428,545 shares during the period. American Century Companies Inc. grew its holdings in shares of Timken by 11.3% during the fourth quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company's stock worth $225,436,000 after purchasing an additional 320,354 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its stake in Timken by 193.8% in the 4th quarter. Voloridge Investment Management LLC now owns 364,498 shares of the industrial products company's stock worth $26,014,000 after buying an additional 240,417 shares in the last quarter. Institutional investors own 89.08% of the company's stock.

Timken Company Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.