Richard Kyle Sells 37,181 Shares of Timken (NYSE:TKR) 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 value of $4,362,818.54. Following the completion of the sale, the director directly owned 206,455 shares in the company, valued at $24,225,429.70. This represents a 15.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Timken Stock Performance

Shares of NYSE:TKR opened at $115.66 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55. The business’s 50 day moving average price is $104.70 and its 200-day moving average price is $94.81. The firm has a market capitalization of $8.04 billion, a PE ratio of 26.29, a P/E/G ratio of 1.60 and a beta of 1.18. Timken Company has a 1 year low of $67.14 and a 1 year high of $123.67.

Timken (NYSE:TKR) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities research analysts expect that Timken Company will post 6 earnings per share for the current fiscal year.

Timken Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TKR shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research note on Monday, April 20th. Evercore restated an “outperform” rating and issued a $158.00 target price on shares of Timken in a research report on Monday. Citigroup lifted their target price on Timken from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. DA Davidson lifted their target price on Timken from $108.00 to $117.00 and gave the company a “neutral” rating in a research report on Monday. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $117.00 target price on shares of Timken in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $129.88.

Institutional Investors Weigh In On Timken

Several institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Wealth Advisors LLC raised its holdings in shares of Timken by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock valued at $255,000 after buying an additional 104 shares during the period. Parallel Advisors LLC raised its holdings in shares of Timken by 4.1% in the 1st quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock valued at $299,000 after buying an additional 116 shares during the period. Uncommon Cents Investing LLC raised its holdings in shares of Timken by 0.5% in the 4th quarter. Uncommon Cents Investing LLC now owns 27,465 shares of the industrial products company’s stock valued at $2,311,000 after buying an additional 125 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Timken by 3.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock valued at $325,000 after buying an additional 132 shares during the period. Finally, Kornitzer Capital Management Inc. KS raised its holdings in shares of Timken by 1.3% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 10,889 shares of the industrial products company’s stock valued at $819,000 after buying an additional 139 shares during the period. Hedge funds and other 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.