Insider Selling: Timken (NYSE:TKR) Director Sells $1,747,650.00 in Stock

Timken Company (The) (NYSE:TKR) Director John Timken, Jr. sold 15,000 shares of the company’s 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 transaction, the director directly owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. This trade represents a 5.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Timken Trading Up 1.1%

NYSE:TKR opened at $117.05 on Friday. Timken Company has a twelve month low of $67.14 and a twelve month high of $123.67. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $104.91 and a two-hundred day moving average price of $95.08. The company has a market cap of $8.13 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 1.59 and a beta of 1.18.

Timken (NYSE:TKR) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a return on equity of 11.84% and a net margin of 6.60%.The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. The business’s 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, analysts expect that Timken Company will post 6 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. Stockholders of record on Tuesday, May 19th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a boost from Timken’s previous quarterly dividend of $0.35. Timken’s payout ratio is currently 32.73%.

Institutional Investors Weigh In On Timken

Large investors have recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd bought a new stake in Timken in the 4th quarter valued at $25,000. Clearstead Advisors LLC raised its stake in Timken by 130.3% in the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 172 shares during the period. Eastern Bank bought a new stake in Timken in the 4th quarter valued at $27,000. V Square Quantitative Management LLC bought a new stake in Timken in the 4th quarter valued at $31,000. Finally, Kestra Investment Management LLC bought a new stake in Timken in the 2nd quarter valued at $42,000. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

TKR has been the subject of several recent analyst reports. Oppenheimer increased their price objective on Timken from $117.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Citigroup increased 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. Morgan Stanley reissued an “overweight” rating and issued a $125.00 price objective on shares of Timken in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on Timken from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $129.88.

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.