Research Analysts Issue Forecasts for Timken FY2025 Earnings

The Timken Company (NYSE:TKR) – DA Davidson decreased their FY2025 EPS 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 earn $5.51 per share for the year, down from their previous forecast of $6.47. DA Davidson currently has a “Buy” rating and a $99.00 target price on the stock. The consensus estimate for Timken’s current full-year earnings is $5.60 per share.

TKR has been the topic of a number of other reports. Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $73.00 to $78.00 in a report on Tuesday, February 4th. Morgan Stanley upped their price objective on shares of Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore ISI upgraded shares of Timken from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $87.00 to $91.00 in a research report on Wednesday, November 13th. Oppenheimer reduced their price objective on shares of Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, Citigroup reduced 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.60.

Timken Stock Performance

Shares of NYSE TKR opened at $83.21 on Wednesday. The company’s fifty day moving average price is $75.88 and its 200 day moving average price is $79.38. Timken has a 1 year low of $69.35 and a 1 year high of $94.71. The company has a market capitalization of $5.83 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 3.07.

Timken (NYSE:TKR) last announced its quarterly 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%.

Institutional Investors Weigh In On Timken

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vestcor Inc acquired a new stake in Timken during the third quarter worth about $560,000. TT International Asset Management LTD increased its position in Timken by 1,075.2% during the third quarter. TT International Asset Management LTD now owns 39,274 shares of the industrial products company’s stock worth $3,310,000 after purchasing an additional 35,932 shares during the last quarter. Barclays PLC increased its position in Timken by 221.6% during the third quarter. Barclays PLC now owns 86,667 shares of the industrial products company’s stock worth $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 Timken during the third quarter worth about $2,863,000. Finally, Harbor Capital Advisors Inc. increased its position in Timken by 29.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 60,625 shares of the industrial products company’s stock worth $4,327,000 after purchasing an additional 13,697 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Philip D. Fracassa sold 5,000 shares of the 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 completion of the sale, the chief financial officer now directly owns 90,541 shares in the company, valued at $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.70% of the company’s stock.

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.