Insider Selling: Timken (NYSE:TKR) Director Sells $1,726,853.31 in Stock

Timken Company (The) (NYSE:TKR) Director Richard Kyle sold 13,637 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the transaction, the director owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This represents a 6.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Timken Stock Performance

Shares of TKR stock traded up $2.00 during trading on Tuesday, reaching $128.57. 855,865 shares of the company’s stock traded hands, compared to its average volume of 911,714. The firm’s 50-day moving average is $137.68 and its 200 day moving average is $117.35. The company has a market capitalization of $8.91 billion, a P/E ratio of 34.84, a PEG ratio of 1.54 and a beta of 1.21. Timken Company has a 1 year low of $70.57 and a 1 year high of $146.37. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Equities research analysts expect that Timken Company will post 6.23 EPS for the current year.

Timken Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 18th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. Timken’s dividend payout ratio is 39.02%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Elevation Wealth Partners LLC increased its holdings in shares of Timken by 420.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 260 shares of the industrial products company’s stock worth $38,000 after buying an additional 210 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of Timken during the 2nd quarter worth $41,000. Gordian Capital Singapore Pte Ltd purchased a new position in Timken in the fourth quarter worth $25,000. Clearstead Advisors LLC raised its position in Timken by 130.3% during the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in Timken during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

TKR has been the topic of a number of recent analyst reports. DA Davidson assumed coverage on shares of Timken in a report on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price target on the stock. The Goldman Sachs Group upped their target price on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. JPMorgan Chase & Co. increased their target price on shares of Timken from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Citigroup raised their price target on shares of Timken from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Oppenheimer upped their price target on shares of Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

About Timken

The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products. Its core offerings include tapered and cylindrical roller bearings, spherical and plain bearings, mounted bearing units, and precision gear drives. Timken’s products serve a broad range of industries, from industrial machinery and aerospace to automotive, rail, wind energy and heavy equipment.

Beyond bearings, Timken’s portfolio extends to industrial chains, belts, couplings and related components designed to optimize power transmission systems.