DA Davidson Has Bearish Forecast for Timken FY2025 Earnings

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

TKR has been the topic of several other research reports. Evercore ISI cut their price objective on shares of Timken from $94.00 to $87.00 and set an “in-line” rating on the stock in a research report on Monday, August 19th. Citigroup initiated coverage on shares of Timken in a research note on Monday, October 14th. They set a “neutral” rating and a $90.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Timken presently has an average rating of “Hold” and an average target price of $91.70.

Timken Stock Down 0.2 %

TKR opened at $84.29 on Thursday. The company has a market capitalization of $5.91 billion, a PE ratio of 17.27, 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. Timken has a fifty-two week low of $65.71 and a fifty-two week high of $94.71. The business has a 50-day moving average of $83.04 and a 200-day moving average of $84.03.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TKR. Cubist Systematic Strategies LLC acquired a new position in shares of Timken in the 2nd quarter worth approximately $4,363,000. Comerica Bank raised its stake in Timken by 13.8% during the first quarter. Comerica Bank now owns 58,945 shares of the industrial products company’s stock worth $5,154,000 after acquiring an additional 7,160 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Timken by 5.6% during the first quarter. Vanguard Group Inc. now owns 6,515,972 shares of the industrial products company’s stock valued at $569,691,000 after acquiring an additional 347,794 shares during the period. BNP Paribas acquired a new stake in shares of Timken in the 1st quarter valued at $1,144,000. Finally, Sei Investments Co. grew its holdings in shares of Timken by 26.4% in the 1st quarter. Sei Investments Co. now owns 394,170 shares of the industrial products company’s stock worth $34,462,000 after purchasing an additional 82,382 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Insider Activity

In other news, CEO Richard G. Kyle sold 30,000 shares of Timken stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the sale, the chief executive officer now directly owns 244,485 shares in the company, valued at approximately $19,671,263.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.70% of the company’s stock.

Timken Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.34 per share. The ex-dividend date was Tuesday, August 20th. This represents a $1.36 dividend on an annualized basis and a yield of 1.61%. Timken’s dividend payout ratio is currently 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.