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

The Timken Company (NYSE:TKR) – Analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for shares of Timken in a research note issued to investors 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 prior forecast of $7.27. DA Davidson 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 released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.63 earnings per share 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 company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year.

A number of other brokerages have also commented on TKR. Citigroup began coverage on Timken in a report on Monday, October 14th. They set a “neutral” rating and a $90.00 price target on the stock. Evercore ISI dropped their price target 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. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $91.70.

Timken Stock Down 0.2 %

Shares of Timken stock opened at $84.29 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. Timken has a 1-year low of $65.71 and a 1-year high of $94.71. The business’s fifty day moving average price is $83.04 and its two-hundred day moving average price is $84.03. The company has a market capitalization of $5.91 billion, a P/E ratio of 17.27, a PEG ratio of 1.92 and a beta of 1.43.

Institutional Investors Weigh In On Timken

Several large investors have recently modified their holdings of TKR. Vanguard Group Inc. boosted its position in shares of Timken by 5.6% in the 1st 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 during the period. Interval Partners LP acquired a new position in shares of Timken in the first quarter worth about $22,907,000. American Century Companies Inc. increased its position in shares of 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 worth $225,750,000 after acquiring an additional 128,791 shares in the last quarter. Kodai Capital Management LP acquired a new stake in shares of Timken during the first quarter valued at approximately $9,130,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Timken by 4.9% in the 2nd 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 in the last quarter. 89.08% of the stock is owned by institutional investors.

Insider Activity at Timken

In other Timken news, CEO Richard G. Kyle sold 30,000 shares of Timken 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 transaction, the chief executive officer now owns 244,485 shares in the company, valued at approximately $19,671,263.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.70% of the company’s stock.

Timken Dividend Announcement

The firm also recently announced 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 of this dividend was Tuesday, August 20th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.61%. Timken’s payout ratio is currently 27.87%.

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.