Timken (NYSE:TKR) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Timken (NYSE:TKR) released its quarterly earnings results on Tuesday. The industrial products company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21, FiscalAI reports. Timken had a net margin of 6.60% and a return on equity of 11.84%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $1.12 EPS. Timken’s revenue for the quarter was up 7.5% on a year-over-year basis. Timken updated its FY 2026 guidance to 6.050-6.350 EPS.

Timken Stock Performance

Shares of TKR opened at $141.78 on Tuesday. The company has a market capitalization of $9.85 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21. Timken has a one year low of $70.57 and a one year high of $146.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55. The company’s fifty day moving average price is $137.40 and its 200 day moving average price is $116.04.

Timken Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, May 19th. This is a boost from Timken’s previous quarterly dividend of $0.35. Timken’s dividend payout ratio (DPR) is 32.73%.

Insiders Place Their Bets

In other Timken news, Director John M. Timken, Jr. sold 15,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the completion of the sale, the director directly owned 264,744 shares in the company, valued at $30,845,323.44. This represents a 5.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard G. Kyle sold 37,181 shares of the firm’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 completion of the sale, the director directly 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 SEC filing for this sale provides additional information. Insiders sold a total of 69,079 shares of company stock valued at $8,296,144 in the last quarter. Insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in shares of Timken by 44.2% in the first quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock valued at $6,508,000 after acquiring an additional 27,750 shares during the period. Goldman Sachs Group Inc. increased its position in Timken by 147.0% during the first quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock worth $25,569,000 after acquiring an additional 211,718 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Timken by 7.6% during the 1st 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 valued at $16,305,000 after purchasing an additional 16,000 shares during the last quarter. Prudential Financial Inc. raised its stake in Timken by 18.7% during the 2nd quarter. Prudential Financial Inc. now owns 6,815 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Timken by 241.7% in the 2nd quarter. Invesco Ltd. now owns 604,879 shares of the industrial products company’s stock valued at $43,884,000 after purchasing an additional 427,879 shares during the period. 89.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TKR has been the topic of several analyst reports. Morgan Stanley set a $140.00 target price on shares of Timken in a research report on Thursday, May 21st. KeyCorp boosted their price target on Timken from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research note on Friday, July 17th. DA Davidson began coverage on Timken in a report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised 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. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.