Key Points
- Director Richard Kyle sold 37,181 Timken shares on May 8 at an average price of $117.34, generating about $4.36 million and reducing his holdings by 15.26%.
- Timken reported strong quarterly results, with EPS of $1.67 topping estimates and revenue of $1.23 billion exceeding forecasts; revenue also rose 8% year over year.
- The company raised its quarterly dividend to $0.36 per share from $0.35, implying a $1.44 annualized dividend yield of about 1.2%.
Timken Company (The) (NYSE:TKR - Get Free Report) Director John Timken, Jr. sold 15,000 shares of Timken stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $116.51, for a total value of $1,747,650.00. Following the sale, the director directly owned 264,744 shares of the company's stock, valued at approximately $30,845,323.44. The trade was a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Timken Stock Performance
NYSE:TKR opened at $117.11 on Wednesday. The stock has a market cap of $8.14 billion, a P/E ratio of 26.62, a PEG ratio of 1.61 and a beta of 1.18. The stock has a 50 day simple moving average of $104.58 and a 200 day simple moving average of $94.54. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. Timken Company has a 1-year low of $67.14 and a 1-year high of $123.67.
Timken (NYSE:TKR - Get Free Report) last released its quarterly 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. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.17 billion. Timken had a return on equity of 11.84% and a net margin of 6.60%.The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Research analysts anticipate that Timken Company will post 6 earnings per share for the current 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 issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $1.44 annualized dividend and a yield of 1.2%. This is a boost from Timken's previous quarterly dividend of $0.35. Timken's payout ratio is presently 31.82%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on TKR shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $125.00 price objective on shares of Timken in a report on Friday. Wall Street Zen raised Timken from a "hold" rating to a "buy" rating in a report on Sunday, March 1st. Evercore reaffirmed an "outperform" rating and issued a $158.00 price objective on shares of Timken in a report on Monday. Citigroup lifted their price objective on Timken from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Timken in a report on Monday, April 20th. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $126.25.
Check Out Our Latest Stock Report on TKR
Hedge Funds Weigh In On Timken
A number of institutional investors have recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd bought a new stake in Timken during the 4th quarter worth $25,000. Clearstead Advisors LLC grew its position in Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company's stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Eastern Bank bought a new stake in Timken during the 4th quarter worth $27,000. V Square Quantitative Management LLC bought a new stake in Timken during the 4th quarter worth $31,000. Finally, Kestra Investment Management LLC bought a new stake in Timken during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 89.08% of the company's stock.
About Timken
(
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.
Further Reading
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