What is DA Davidson’s Forecast for Timken FY2025 Earnings?

The Timken Company (NYSE:TKR) – Stock analysts at DA Davidson lowered their FY2025 earnings estimates for shares of Timken in a report issued on Tuesday, October 29th. DA Davidson analyst M. Shlisky now anticipates that the industrial products company will post earnings per share of $7.24 for the year, down from their prior 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.

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

A number of other analysts have also weighed in on TKR. Evercore ISI lowered their target price on Timken from $94.00 to $87.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Citigroup assumed coverage on shares of Timken in a research report on Monday, October 14th. They issued a “neutral” rating and a $90.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $91.70.

Timken Trading Down 1.5 %

TKR stock opened at $83.00 on Thursday. 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 stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 1.92 and a beta of 1.43. The business has a fifty day moving average price of $83.04 and a 200 day moving average price of $84.02. Timken has a fifty-two week low of $65.71 and a fifty-two week high of $94.71.

Timken Dividend Announcement

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

Insider Buying and Selling at Timken

In related news, CEO Richard G. Kyle sold 30,000 shares of Timken stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $80.46, for a total transaction of $2,413,800.00. Following the completion of the sale, the chief executive officer now directly owns 244,485 shares of the company’s stock, valued at $19,671,263.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

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

Timken Company Profile

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.