Key Points
- Director Ajita Rajendra sold 8,450 shares of Timken on June 5 at an average price of $131.34, totaling about $1.11 million. The sale reduced Rajendra’s ownership by 29.47% to 20,225 shares.
- Timken reported strong quarterly results, posting EPS of $1.67 versus the $1.50 consensus estimate and revenue of $1.23 billion, also above expectations. Revenue rose 8.0% year over year, and the company reiterated FY 2026 EPS guidance of 5.750 to 6.250.
- The company recently raised its quarterly dividend to $0.36 per share from $0.35, implying an annualized yield of about 1.0%. Analysts remain broadly positive, with a consensus rating of Moderate Buy and a price target of $140.38.
Timken Company (The) (NYSE:TKR - Get Free Report) Director Ajita Rajendra sold 8,450 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the completion of the transaction, the director owned 20,225 shares in the company, valued at $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Timken Stock Up 1.9%
TKR opened at $137.23 on Wednesday. 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 $69.25 and a 1-year high of $139.43. The company has a market capitalization of $9.54 billion, a PE ratio of 31.19, a PEG ratio of 1.62 and a beta of 1.21. The firm's 50 day simple moving average is $113.94 and its two-hundred day simple moving average is $101.10.
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. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned $1.40 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, equities analysts forecast that Timken Company will post 6.13 EPS for the current year.
Timken Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, May 19th. This is a positive change from Timken's previous quarterly dividend of $0.35. Timken's payout ratio is 32.73%.
Wall Street Analyst Weigh In
TKR has been the topic of several recent analyst reports. KeyCorp raised their price objective on shares of Timken from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Morgan Stanley set a $140.00 price objective on shares of Timken in a research report on Thursday, May 21st. Citigroup raised their price objective on shares of Timken from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Evercore restated an "outperform" rating and set a $158.00 price objective on shares of Timken in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Timken from a "hold" rating to a "buy" rating in a research report on Sunday, March 1st. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.38.
Check Out Our Latest Stock Report on Timken
Hedge Funds Weigh In On Timken
Several institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in 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 valued at $290,320,000 after acquiring an additional 214,845 shares in the last quarter. UBS Group AG grew its stake in Timken by 734.7% during 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 acquiring an additional 2,012,352 shares in the last quarter. Victory Capital Management Inc. grew its stake in Timken by 15.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company's stock valued at $155,055,000 after acquiring an additional 247,000 shares in the last quarter. Invesco Ltd. grew its stake in Timken by 1.0% during the fourth quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company's stock valued at $115,394,000 after acquiring an additional 13,459 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in Timken by 5.6% during the fourth quarter. Brown Advisory Inc. now owns 1,273,668 shares of the industrial products company's stock valued at $107,154,000 after acquiring an additional 67,573 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.
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.
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