DA Davidson Estimates Timken's FY2025 Earnings (NYSE:TKR)

The Timken Company (NYSE:TKR - Free Report) - Stock analysts at DA Davidson lowered their FY2025 earnings estimates for shares of Timken in a report issued on Monday, February 10th. DA Davidson analyst M. Shlisky now anticipates that the industrial products company will post earnings per share of $5.51 for the year, down from their prior forecast of $6.47. DA Davidson currently has a "Buy" rating and a $99.00 price target on the stock. The consensus estimate for Timken's current full-year earnings is $5.60 per share.

Timken (NYSE:TKR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%.

Several other equities research analysts have also recently weighed in on TKR. Citigroup lowered their price objective on shares of Timken from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Evercore ISI upgraded shares of Timken from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $87.00 to $91.00 in a research report on Wednesday, November 13th. Morgan Stanley raised their price objective on shares of Timken from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Tuesday. Bank of America raised shares of Timken from an "underperform" rating to a "neutral" rating and raised their target price for the company from $73.00 to $78.00 in a research note on Tuesday, February 4th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Timken in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.60.

Timken Price Performance

TKR traded down $0.04 during midday trading on Wednesday, hitting $83.09. The company had a trading volume of 670,970 shares, compared to its average volume of 655,201. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 3.07. The company has a market capitalization of $5.83 billion, a PE ratio of 16.65, a P/E/G ratio of 1.21 and a beta of 1.39. Timken has a twelve month low of $69.35 and a twelve month high of $94.71. The firm's 50-day simple moving average is $76.01 and its 200-day simple moving average is $79.36.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TKR. Vestcor Inc acquired a new stake in shares of Timken in the third quarter valued at approximately $560,000. TT International Asset Management LTD raised its holdings in shares of Timken by 1,075.2% in the third quarter. TT International Asset Management LTD now owns 39,274 shares of the industrial products company's stock valued at $3,310,000 after purchasing an additional 35,932 shares during the last quarter. Barclays PLC raised its holdings in shares of Timken by 221.6% in the third quarter. Barclays PLC now owns 86,667 shares of the industrial products company's stock valued at $7,307,000 after purchasing an additional 59,716 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Timken in the third quarter valued at approximately $2,863,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Timken by 29.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 60,625 shares of the industrial products company's stock valued at $4,327,000 after purchasing an additional 13,697 shares during the last quarter. Institutional investors own 89.08% of the company's stock.

Insider Buying and Selling at Timken

In other Timken news, CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction that occurred on 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. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.70% of the company's stock.

Timken Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 25th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.64%. Timken's payout ratio is currently 27.25%.

About Timken

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.