Timken (NYSE:TKR) Director Sells $1,747,650.00 in Stock

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

Timken Stock Down 0.2%

NYSE:TKR traded down $0.28 during midday trading on Tuesday, reaching $117.11. 712,815 shares of the stock traded hands, compared to its average volume of 820,845. Timken Company has a 12-month low of $67.14 and a 12-month high of $123.67. The business has a 50-day moving average of $104.41 and a two-hundred day moving average of $94.25. 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 stock has a market capitalization of $8.14 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.61 and a beta of 1.18.

Timken (NYSE:TKR) last posted 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 business 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%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company posted $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. On average, equities analysts forecast that Timken Company will post 6.04 earnings per share for the current fiscal year.

Timken Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a dividend of $0.36 per share. This is a boost from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, May 19th. Timken’s dividend payout ratio (DPR) is 31.82%.

Analyst Ratings Changes

TKR has been the topic of several research reports. Wall Street Zen raised shares of Timken from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. DA Davidson boosted their price target on shares of Timken from $108.00 to $117.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Timken from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Evercore restated an “outperform” rating and issued a $158.00 price objective on shares of Timken in a report on Monday. Finally, Morgan Stanley reiterated an “overweight” rating and set a $125.00 price target on shares of Timken in a report on Friday. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Timken currently has an average rating of “Hold” and a consensus price target of $126.25.

Hedge Funds Weigh In On Timken

Large investors have recently bought and sold shares of the company. New York State Common Retirement Fund raised its position in Timken by 6.3% during the 3rd quarter. New York State Common Retirement Fund now owns 461,129 shares of the industrial products company’s stock worth $34,668,000 after buying an additional 27,515 shares during the last quarter. Keybank National Association OH increased its holdings in shares of Timken by 107.8% in the 3rd quarter. Keybank National Association OH now owns 727,777 shares of the industrial products company’s stock valued at $54,714,000 after purchasing an additional 377,607 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Timken by 34.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock valued at $112,256,000 after purchasing an additional 385,389 shares in the last quarter. Phocas Financial Corp. increased its holdings in shares of Timken by 81.2% in the 4th quarter. Phocas Financial Corp. now owns 88,967 shares of the industrial products company’s stock valued at $7,485,000 after purchasing an additional 39,871 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Timken in the 3rd quarter valued at about $1,678,000. 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.