Timken (NYSE:TKR) Director Richard Kyle Sells 37,181 Shares

Timken Company (The) (NYSE:TKR) Director Richard Kyle sold 37,181 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were 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 of the company’s stock, valued at approximately $24,225,429.70. The trade was a 15.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Timken Trading Down 0.2%

Shares of NYSE TKR opened at $117.11 on Wednesday. The business has a 50 day simple moving average of $104.58 and a 200 day simple moving average of $94.54. Timken Company has a 52 week low of $67.14 and a 52 week high of $123.67. 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 cap of $8.14 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.61 and a beta of 1.18.

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

Timken Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Timken by 8.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after buying an additional 214,845 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Timken by 4.1% during the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after buying an additional 116 shares during the last quarter. KBC Group NV lifted its holdings in shares of Timken by 21.3% during the first quarter. KBC Group NV now owns 2,287 shares of the industrial products company’s stock worth $230,000 after buying an additional 401 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Timken by 13.3% during the first quarter. California Public Employees Retirement System now owns 142,285 shares of the industrial products company’s stock worth $14,310,000 after buying an additional 16,735 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Timken by 4.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 256,726 shares of the industrial products company’s stock worth $26,201,000 after buying an additional 12,101 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TKR shares. Citigroup boosted their target price on Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Evercore restated an “outperform” rating and issued a $158.00 target price on shares of Timken in a report on Monday. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. JPMorgan Chase & Co. boosted their target price on Timken from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Finally, KeyCorp boosted 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. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Timken currently has a consensus rating of “Hold” and a consensus target price of $126.25.

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.