Research Analysts Issue Forecasts for Timken FY2025 Earnings

The Timken Company (NYSE:TKR) – Research analysts at DA Davidson cut their FY2025 EPS estimates for Timken in a note issued to investors on Tuesday, October 29th. DA Davidson analyst M. Shlisky now forecasts that the industrial products company will post earnings per share of $7.24 for the year, down from their previous forecast of $7.27. DA Davidson currently has a “Buy” rating and a $103.00 price target on the stock. The consensus estimate for Timken’s current full-year earnings is $6.05 per share.

Several other research firms also recently issued reports on TKR. Evercore ISI decreased their price objective on shares of Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. Citigroup started coverage on Timken in a research note on Monday, October 14th. They issued a “neutral” rating and a $90.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $91.70.

Timken Stock Up 0.2 %

Timken stock opened at $83.15 on Thursday. Timken has a 12 month low of $69.35 and a 12 month high of $94.71. The stock has a market capitalization of $5.83 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.95 and a quick ratio of 1.64. The business has a 50 day simple moving average of $83.01 and a 200-day simple moving average of $84.01.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.03. Timken had a net margin of 7.52% and a return on equity of 16.36%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the business posted $2.01 EPS. The business’s revenue was down 7.1% compared to the same quarter last year.

Institutional Trading of Timken

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Timken by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock worth $569,691,000 after purchasing an additional 347,794 shares in the last quarter. Interval Partners LP purchased a new stake in shares of Timken during the first quarter worth approximately $22,907,000. American Century Companies Inc. raised its holdings in Timken by 4.8% in the second quarter. American Century Companies Inc. now owns 2,817,294 shares of the industrial products company’s stock valued at $225,750,000 after acquiring an additional 128,791 shares in the last quarter. Kodai Capital Management LP purchased a new position in Timken in the first quarter worth approximately $9,130,000. Finally, Dimensional Fund Advisors LP grew its holdings in Timken by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,104,910 shares of the industrial products company’s stock worth $168,667,000 after acquiring an additional 97,550 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Insider Transactions at Timken

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $80.46, for a total value of $2,413,800.00. Following the completion of the transaction, the chief executive officer now owns 244,485 shares of the company’s stock, valued at $19,671,263.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 8.70% of the company’s stock.

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.64%. The ex-dividend date was Tuesday, August 20th. Timken’s payout ratio is 27.87%.

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.