Timken (NYSE:TKR) Reaches New 12-Month High – Here’s What Happened

Timken Company (The) (NYSE:TKR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $144.25 and last traded at $141.88, with a volume of 1004120 shares changing hands. The stock had previously closed at $142.36.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TKR shares. Oppenheimer boosted their target price on shares of Timken from $137.00 to $147.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. DA Davidson initiated coverage on shares of Timken in a research note on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price target for the company. Evercore reissued an “outperform” rating and issued a $158.00 price objective on shares of Timken in a research note on Monday, May 11th. Morgan Stanley set a $140.00 target price on Timken in a research report on Thursday, May 21st. Finally, KeyCorp lifted their target price on Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Timken presently has an average rating of “Moderate Buy” and an average price target of $141.62.

Timken Stock Down 0.3%

The stock’s 50-day moving average price is $120.82 and its 200-day moving average price is $104.87. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 1.70 and a beta of 1.21.

Timken (NYSE:TKR) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. Timken’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm 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 6.14 earnings per share for the current year.

Timken Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a $0.36 dividend. This is a boost from Timken’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. Timken’s dividend payout ratio is 32.73%.

Insider Activity

In other news, Director John M. Timken, Jr. sold 15,000 shares of the business’s 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 directly owned 264,744 shares of the company’s stock, valued at $30,845,323.44. The trade was a 5.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ajita G. Rajendra sold 8,450 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $131.34, for a total value of $1,109,823.00. Following the sale, the director directly owned 20,225 shares of the company’s stock, valued at $2,656,351.50. This represents a 29.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 69,079 shares of company stock valued at $8,296,144 in the last ninety days. 8.10% of the stock is owned by company insiders.

Institutional Trading of Timken

Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in shares of Timken by 4.1% during the 1st quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 116 shares during the period. Segall Bryant & Hamill LLC grew its holdings in Timken by 29.9% in the first quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock worth $45,409,000 after purchasing an additional 103,904 shares during the period. Amundi grew its holdings in Timken by 151.1% in the first quarter. Amundi now owns 8,885 shares of the industrial products company’s stock worth $894,000 after purchasing an additional 5,347 shares during the period. Parvin Asset Management LLC increased its stake in Timken by 16.5% in the first quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 130 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Timken by 26.8% during the first quarter. California State Teachers Retirement System now owns 78,223 shares of the industrial products company’s stock valued at $7,867,000 after purchasing an additional 16,535 shares during the period. Institutional investors own 89.08% of the company’s stock.

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.