Timken Company (The) (NYSE:TKR - Get Free Report) Director Richard Kyle sold 19,636 shares of the business's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the sale, the director owned 243,636 shares in the company, valued at approximately $26,310,251.64. This trade represents a 7.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
Timken Stock Up 1.4%
Shares of Timken stock opened at $109.37 on Wednesday. Timken Company has a 1 year low of $56.20 and a 1 year high of $111.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.47. The company has a 50-day moving average of $95.02 and a 200 day moving average of $83.93. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.58 and a beta of 1.21.
Timken (NYSE:TKR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. Timken had a net margin of 6.29% and a return on equity of 11.52%. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The business's revenue was up 3.5% compared to the same quarter last year. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, sell-side analysts anticipate that Timken Company will post 5.62 earnings per share for the current fiscal year.
Timken Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Tuesday, February 24th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, February 24th. Timken's dividend payout ratio (DPR) is 34.06%.
Institutional Trading of Timken
Several large investors have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in Timken in the third quarter worth approximately $25,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Timken in the 4th quarter worth $25,000. Clearstead Advisors LLC raised its holdings in Timken by 130.3% in the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company's stock worth $26,000 after purchasing an additional 172 shares during the period. Eastern Bank purchased a new position in Timken during the fourth quarter valued at $27,000. Finally, SJS Investment Consulting Inc. increased its position in Timken by 4,512.5% in the third quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company's stock worth $28,000 after buying an additional 361 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on TKR. DA Davidson increased their target price on Timken from $86.00 to $108.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 10th. Citigroup raised their price objective on shares of Timken from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Wall Street Zen cut shares of Timken from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley increased their price target on shares of Timken from $105.00 to $116.00 and gave the company an "overweight" rating in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $88.00 price target on shares of Timken in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $93.78.
Check Out Our Latest Report on TKR
Timken Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
