Timken (NYSE:TKR) Hits New 52-Week High on Earnings Beat

Timken Company (The) (NYSE:TKR) reached a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $120.96 and last traded at $119.3020, with a volume of 230175 shares traded. The stock had previously closed at $109.63.

The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Timken had a return on equity of 11.52% and a net margin of 6.29%.The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Tuesday, February 24th were given a $0.35 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Timken’s dividend payout ratio (DPR) is currently 34.06%.

Wall Street Analyst Weigh In

TKR has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. Citigroup raised their target price on Timken from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Oppenheimer raised their target price on Timken from $108.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. restated an “underweight” rating and set a $100.00 target price on shares of Timken in a research report on Thursday, March 26th. Finally, DA Davidson raised their price target on Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating, three have issued 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 an average target price of $105.86.

Insider Activity at Timken

In other news, Director Richard G. Kyle sold 19,636 shares of Timken stock in a transaction on Friday, February 20th. The stock was sold at an average price of $107.99, for a total value of $2,120,491.64. Following the completion of the sale, the director directly owned 243,636 shares of the company’s stock, valued at approximately $26,310,251.64. This trade represents a 7.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Timken

Several hedge funds and other institutional investors have recently made changes to their positions in TKR. Royal Bank of Canada increased its stake in shares of Timken by 44.2% in the 1st quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock valued at $6,508,000 after buying an additional 27,750 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Timken by 147.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock valued at $25,569,000 after buying an additional 211,718 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Timken by 7.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock worth $16,305,000 after purchasing an additional 16,000 shares during the period. Prudential Financial Inc. grew its stake in shares of Timken by 18.7% during the second quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 1,075 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Timken by 241.7% during the second quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock worth $43,884,000 after purchasing an additional 427,879 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

Timken Trading Up 9.3%

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 business has a 50 day moving average of $103.66 and a 200 day moving average of $93.04. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.56 and a beta of 1.18.

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.