Timken (NYSE:TKR) Director Sells $4,362,818.54 in Stock

Timken Company (The) (NYSE:TKR) Director Richard Kyle sold 37,181 shares of Timken stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the completion of the sale, the director directly owned 206,455 shares of the company’s stock, valued at $24,225,429.70. The trade was a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Timken Stock Up 1.1%

TKR stock opened at $117.05 on Friday. The stock has a market capitalization of $8.13 billion, a P/E ratio of 26.60, a PEG ratio of 1.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. Timken Company has a one year low of $67.14 and a one year high of $123.67. The company has a 50 day moving average price of $104.91 and a two-hundred day moving average price of $95.08.

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

Timken Increases Dividend

The company also recently announced 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 represents a $1.44 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. This is an increase from Timken’s previous quarterly dividend of $0.35. Timken’s dividend payout ratio is presently 32.73%.

Institutional Investors Weigh In On Timken

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Timken in the 4th quarter worth about $25,000. Clearstead Advisors LLC increased its position in shares of Timken by 130.3% in the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. Eastern Bank bought a new stake in shares of Timken during the 4th quarter valued at about $27,000. V Square Quantitative Management LLC bought a new stake in shares of Timken during the 4th quarter valued at about $31,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Timken during the 2nd quarter valued at about $42,000. Institutional investors own 89.08% of the company’s stock.

Analysts Set New Price Targets

TKR has been the topic of a number of research analyst reports. DA Davidson lifted their price target on shares of Timken from $108.00 to $117.00 and gave the company a “neutral” rating in a report on Monday. Morgan Stanley reiterated an “overweight” rating and issued a $125.00 price target on shares of Timken in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Timken from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. KeyCorp lifted their target price on shares of Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.88.

Timken Company Profile

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.