Natixis Advisors LLC increased its stake in Timken by 6.5%, purchasing additional shares, while other hedge funds also boosted their holdings. The company received positive analyst ratings with a "Moderate Buy" average and an increased target price.
Natixis Advisors increased their holdings in Timken by 6.5% during the fourth quarter, indicating confidence in the company's stock performance.
Commerce Bank boosted its stake in Timken by 5.5% in the third quarter, showing increased investment in the company.
First Horizon Advisors increased their holdings by 16.5%, reflecting a positive outlook on Timken's stock.
BNP PARIBAS increased its stake in Timken, indicating confidence in the company's future performance.
Charles Schwab raised its holdings in Timken by 0.3%, showing support for the stock.
Penserra acquired a new position in Timken, indicating a fresh investment based on potential growth.
Jefferies upgraded Timken's rating from 'hold' to 'buy', increasing the target price, which is a positive signal for investors.
Evercore ISI raised their price target and maintained an 'outperform' rating on Timken, showing confidence in its stock.
Citigroup downgraded their price target for Timken from $90 to $85 but still maintained a 'buy' rating, indicating some concern about the stock's valuation.
Morgan Stanley upgraded Timken's rating and increased their price target, signaling a positive outlook for the company.
Bank of America changed their rating from 'underperform' to 'neutral', suggesting a more cautious stance on Timken's stock.
Timken reported strong earnings, beating estimates with EPS of $1.16 and a positive outlook for the fiscal year.