Timken’s fair value estimate was revised slightly lower as both the future P/E and consensus revenue growth forecasts remained effectively unchanged, resulting in a marginal decrease in the consensus price target from $83.95 to $82.79.
What's in the News
- Lucian Boldea appointed CEO and Board member, bringing extensive industry experience from Honeywell and Eastman Chemical, succeeding interim CEO Richard G. Kyle.
- Michael A. Discenza named CFO, leveraging 25 years of progressive financial leadership at Timken, replacing Philip D. Fracassa.
- Completed repurchase of 8.5 million shares (11.64% of outstanding) for $617.37 million; recent tranche involved 343,418 shares for $22.43 million.
- Company continues to pursue bolt-on M&A opportunities, with potential deals considered during CEO transition.
- 2025 earnings guidance lowered to $3.90–$4.20 per share with anticipated revenue decline of 0.5%–2% versus 2024; company added to Russell 1000 Defensive and Russell 1000 Value-Defensive Indexes.
Valuation Changes
Summary of Valuation Changes for Timken
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $83.95 to $82.79.
- The Future P/E for Timken remained effectively unchanged, moving only marginally from 15.60x to 15.38x.
- The Consensus Revenue Growth forecasts for Timken remained effectively unchanged, at 2.7% per annum.
Disclaimer
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