Timken (NYSE:TKR) Director John Timken, Jr. Sells 15,000 Shares of Stock

Timken Company (The) (NYSE:TKR) Director John Timken, Jr. sold 15,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $116.51, for a total value of $1,747,650.00. Following the transaction, the director owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Timken Stock Down 0.2%

NYSE:TKR opened at $117.11 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. The company has a market cap of $8.14 billion, a PE ratio of 26.62, a PEG ratio of 1.61 and a beta of 1.18. Timken Company has a 52-week low of $67.14 and a 52-week high of $123.67. The stock has a 50-day simple moving average of $104.58 and a 200 day simple moving average of $94.54.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, sell-side analysts expect that Timken Company will post 6 EPS for the current fiscal year.

Timken Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be paid a $0.36 dividend. This is a positive change from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, May 19th. Timken’s dividend payout ratio is 31.82%.

Analyst Ratings Changes

A number of research firms have weighed in on TKR. Citigroup raised their price target on Timken from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Oppenheimer raised their price target on Timken from $117.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and issued a $125.00 price target on shares of Timken in a research note on Friday. JPMorgan Chase & Co. raised their price target on Timken from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Finally, Evercore restated an “outperform” rating and issued a $158.00 price target on shares of Timken in a research note on Monday. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Timken has an average rating of “Hold” and an average target price of $126.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of Timken by 8.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after acquiring an additional 214,845 shares during the period. Parallel Advisors LLC lifted its holdings in Timken by 4.1% during the 1st quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 116 shares during the last quarter. KBC Group NV lifted its holdings in Timken by 21.3% during the 1st quarter. KBC Group NV now owns 2,287 shares of the industrial products company’s stock worth $230,000 after purchasing an additional 401 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Timken by 13.3% during the 1st quarter. California Public Employees Retirement System now owns 142,285 shares of the industrial products company’s stock worth $14,310,000 after purchasing an additional 16,735 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Timken by 4.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 256,726 shares of the industrial products company’s stock worth $26,201,000 after purchasing an additional 12,101 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors.

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.