$TKR

Analysts adjusted price targets for several companies: PG&E's (PCG) target was cut to $13, Duolingo's (DUOL) doubled to $210. Deutsche Bank initiated Arista (ANET) and Cisco (CSCO) with Buy ratings, Dell (DELL) with Hold. September rate hike odds rose to 55%, impacting markets. Oil prices surged due to U.S.-Iran tensions.

BofA Securities upgraded Timken to Buy from Neutral, citing its transformation strategy. The firm also raised its price target to $135 from $129. Timken's stock is up 42.04% year-to-date, trading at $118.98.

The Timken Co. and Diebold Nixdorf received tariff refunds of $8M and $13M respectively, following a U.S. Supreme Court ruling. Diebold Nixdorf offset the benefit with higher memory costs. The Supreme Court ruled Trump's tariffs unconstitutional, leading to refunds. At least 90 publicly traded companies plan to seek refunds, totaling a potential $166B.

Mayville Engineering (MEC) and other engineered components and systems stocks reported strong Q2 revenues, beating estimates by 3.4%. MEC's revenue grew 23.2% YoY, exceeding expectations. Despite strong earnings, share prices for these companies have declined, with MEC down 26% since reporting. Enpro (NPO) and RBC Bearings (RBC) also reported strong results, while Worthington (WOR) missed estimates.

Timken India Ltd. (TIMKEN) shares fell 3.11% to Rs 3,075, with a market cap of Rs 24,313.33 crore. The stock opened at Rs 3,205.85 and reached a low of Rs 3,075, with total volume of 47,872 shares traded. No specific catalyst was identified for the decline.

Generac is investing $250 million to produce AI-powered generators for data centers, with a $1.6 billion backlog. CEO Aaron Jagdfeld expects sustained demand. Other companies like Timken and Siemens are also benefiting from data center growth, with projections showing the electrical equipment market tied to U.S. data centers surging to $66 billion by 2030.

Shares of Belden (BDC), Timken (TKR), ArcBest (ARCB), Acuity Brands (AYI), and VSE Corporation (VSEC) fell 1.6% to 4.9% after U.S. industrial production grew 0.2% in July, below expectations. Belden reported Q2 revenue of $750.2M, EPS of $2.34, and guided Q3 revenue to $960M, up 12.9% from estimates.

Timken India approved a ₹2.50 dividend and reappointed Hansal Patel at its AGM. Shareholders approved financial results, related party transactions, and management changes. The company plans to amalgamate Timken GGB Technology, with NCLT approval scheduled for September 25, 2026. Q1FY26 revenue rose 14.9% to ₹9,290.85 million, with net profit up 10.5% to ₹1,151.30 million.

Timken India held its 39th AGM, approving financial statements, a dividend of Rs. 2.50 per share, and related-party transactions. Shareholders also approved a director's re-appointment and cost auditor remuneration. The meeting was conducted virtually with e-voting options.

Simply Wall St reports Timken (TKR) shares moved after Q2 results, raised full-year guidance, a new dividend declaration, and progress on its share repurchase program. The article cites a $133.50 share price, 18.42% 90-day return, 78.39% 1-year total return, and a fair value estimate of $143.27. It also notes tariff-cost mitigation via pricing strategy.