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

Timken Company (The) (NYSE:TKR) Director Richard Kyle sold 37,181 shares of the company’s stock in a transaction dated 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 sale, the director owned 206,455 shares in the company, valued at approximately $24,225,429.70. This represents a 15.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Timken Price Performance

Shares of TKR traded down $0.28 during midday trading on Tuesday, hitting $117.11. 712,815 shares of the company traded hands, compared to its average volume of 820,845. The stock has a 50-day moving average of $104.41 and a 200-day moving average of $94.25. Timken Company has a one year low of $67.14 and a one year high of $123.67. The firm 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 company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55.

Timken (NYSE:TKR) last posted its quarterly earnings data 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 company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. Timken’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. As a group, sell-side analysts predict that Timken Company will post 6.04 EPS for the current fiscal year.

Timken Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. This is a positive change from Timken’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, May 19th. Timken’s dividend payout ratio (DPR) is currently 31.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TKR. Oppenheimer increased their price target on shares of Timken from $117.00 to $132.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. KeyCorp increased their price target 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. Finally, DA Davidson increased their price target on shares of Timken from $108.00 to $117.00 and gave the company a “neutral” rating in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $126.25.

Institutional Trading of Timken

A number of institutional investors have recently made changes to their positions in TKR. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Timken during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC boosted its stake in shares of Timken by 130.3% during the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 172 shares during the period. Eastern Bank purchased a new stake in shares of Timken during the fourth quarter valued at approximately $27,000. V Square Quantitative Management LLC purchased a new stake in shares of Timken during the fourth quarter valued at approximately $31,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Timken during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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.