Timken (NYSE:TKR) Reaches New 12-Month High – Should You Buy?

Timken Company (The) (NYSE:TKR) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $92.20 and last traded at $92.27, with a volume of 39904 shares trading hands. The stock had previously closed at $90.83.

Analyst Ratings Changes

Several research analysts have weighed in on TKR shares. JPMorgan Chase & Co. lifted their target price on Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. DA Davidson lifted their price objective on Timken from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Wednesday, October 8th. The Goldman Sachs Group restated a “neutral” rating and set a $88.00 target price on shares of Timken in a report on Thursday, October 30th. Finally, Citigroup reiterated a “buy” rating on shares of Timken in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $83.20.

Timken Trading Up 0.8%

The company has a debt-to-equity ratio of 0.63, a current ratio of 3.11 and a quick ratio of 1.71. The business’s 50-day moving average is $82.92 and its two-hundred day moving average is $78.92. The firm has a market cap of $6.38 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.74 and a beta of 1.21.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.12. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.12 billion. Timken had a net margin of 6.54% and a return on equity of 11.88%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, analysts predict that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. Timken’s dividend payout ratio is currently 33.10%.

Insider Buying and Selling at Timken

In related news, Director Richard G. Kyle sold 15,837 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total transaction of $1,283,272.11. Following the transaction, the director directly owned 266,942 shares in the company, valued at approximately $21,630,310.26. The trade was a 5.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.37% of the company’s stock.

Institutional Investors Weigh In On Timken

Several hedge funds have recently added to or reduced their stakes in TKR. Royal Bank of Canada increased its holdings in shares of Timken by 44.2% in the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock valued at $6,508,000 after purchasing an additional 27,750 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Timken by 147.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock worth $25,569,000 after buying an additional 211,718 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Timken by 7.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock valued at $16,305,000 after buying an additional 16,000 shares during the last quarter. Livelsberger Financial Advisory bought a new position in Timken in the 2nd quarter valued at about $28,000. Finally, Baker Ellis Asset Management LLC lifted its position in Timken by 0.5% during the second quarter. Baker Ellis Asset Management LLC now owns 64,926 shares of the industrial products company’s stock worth $4,710,000 after acquiring an additional 336 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Timken Company Profile

The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products. Its core offerings include tapered and cylindrical roller bearings, spherical and plain bearings, mounted bearing units, and precision gear drives. Timken’s products serve a broad range of industries, from industrial machinery and aerospace to automotive, rail, wind energy and heavy equipment.

Beyond bearings, Timken’s portfolio extends to industrial chains, belts, couplings and related components designed to optimize power transmission systems.