Timken (NYSE:TKR) Director Richard Kyle Sells 13,637 Shares

Timken Company (The) (NYSE:TKR) Director Richard Kyle sold 13,637 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $126.63, for a total value of $1,726,853.31. Following the sale, the director owned 183,724 shares in the company, valued at approximately $23,264,970.12. This represents a 6.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Timken Price Performance

NYSE:TKR opened at $128.57 on Wednesday. Timken Company has a 1-year low of $70.57 and a 1-year high of $146.37. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $137.61 and a 200 day simple moving average of $117.60. The stock has a market capitalization of $8.91 billion, a PE ratio of 34.84, a P/E/G ratio of 1.49 and a beta of 1.21.

Timken (NYSE:TKR) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.21. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 earnings per share. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, research analysts expect that Timken Company will post 6.23 EPS for the current fiscal year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. Timken’s payout ratio is currently 39.02%.

Institutional Trading of Timken

A number of hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC grew its position in shares of Timken by 29.9% in the first quarter. Segall Bryant & Hamill LLC now owns 451,516 shares of the industrial products company’s stock valued at $45,409,000 after purchasing an additional 103,904 shares during the last quarter. Peregrine Investment Management Inc. bought a new position in shares of Timken during the first quarter worth approximately $7,040,000. Wealth High Governance Capital Ltda acquired a new stake in Timken during the 4th quarter worth approximately $16,429,000. Deprince Race & Zollo Inc. lifted its holdings in Timken by 90.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 573,069 shares of the industrial products company’s stock worth $48,212,000 after purchasing an additional 272,135 shares during the last quarter. Finally, Regents Gate Capital LLP bought a new stake in Timken in the 4th quarter valued at $9,126,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TKR. Citigroup raised their target price on shares of Timken from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upped their price objective on Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Evercore reaffirmed an “outperform” rating and issued a $158.00 price objective on shares of Timken in a research report on Monday, May 11th. KeyCorp lifted their target price on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, Oppenheimer boosted their target price on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $150.00.

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.