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 on Monday, August 10th. The shares were sold at an average price of $126.63, for a total transaction of $1,726,853.31. Following the completion of the transaction, the director owned 183,724 shares of the company’s stock, valued at approximately $23,264,970.12. This represents a 6.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Timken Price Performance

Shares of Timken stock opened at $131.25 on Friday. The firm has a market cap of $9.10 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21. The firm’s 50-day simple moving average is $137.53 and its 200-day simple moving average is $118.11. Timken Company has a twelve month low of $70.57 and a twelve month high of $146.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.74 and a current ratio of 3.10.

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

Timken Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. DA Davidson assumed coverage on Timken in a research report on Tuesday, June 16th. They issued a “neutral” rating and a $130.00 price target on the stock. KeyCorp lifted their price objective on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Morgan Stanley set a $140.00 target price on shares of Timken in a research note on Thursday, May 21st. Weiss Ratings lowered shares of Timken from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Finally, Evercore reiterated an “outperform” rating and set a $158.00 target price on shares of Timken in a research report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Timken currently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Institutional Investors Weigh In On Timken

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Timken in the second quarter worth $869,997,000. UBS Group AG increased its stake in shares of Timken by 734.7% in the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock valued at $171,880,000 after buying an additional 2,012,352 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Timken in the second quarter valued at about $140,755,000. William Blair Investment Management LLC bought a new position in shares of Timken in the second quarter valued at about $138,757,000. Finally, Invesco Ltd. lifted its position in Timken by 124.5% during the 3rd quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock worth $102,106,000 after buying an additional 753,275 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

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.