In Wednesday’s Wall Street session, Timken Co (NYSE:TKR) shares traded at $70.60, up 0.23% from the previous session.
TKR stock price is now 4.21% away from the 50-day moving average and -6.38% away from the 200-day moving average. The market capitalization of the company currently stands at $4.94B.
With the price target reduced from $97 to $66, DA Davidson Downgraded its rating from Buy to Neutral for Timken Co (NYSE: TKR). On April 02, 2025, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $70, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Kyle Richard G, Director sold 15,000 shares of the company’s stock on Feb 25 ’25. The stock was sold for $1,188,000 at an average price of $79.20. Upon completion of the transaction, the Director now directly owns 160,649 shares in the company, valued at $11.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 25 ’25, Director Kyle Richard G bought 15,000 shares of the business’s stock. A total of $1,188,000 was incurred on buying the stock at an average price of $79.20. A total of 10.51% of the company’s stock is owned by insiders.
During the past 12 months, Timken Co has had a low of $56.20 and a high of $90.49. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 3.15, and a quick ratio of 1.71.
The net profit margin was 7.24% and return on equity was 11.85% for TKR. The company reported revenue of $1.14 billion for the quarter, compared to $1.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.2 percent.
