Insider Selling: Timken (NYSE:TKR) Director Sells 37,181 Shares of Stock

Timken Company (The) (NYSE:TKR) Director Richard Kyle sold 37,181 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was 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 of the company’s stock, valued at $24,225,429.70. The trade was a 15.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Timken Trading Down 0.2%

TKR stock traded down $0.28 on Tuesday, reaching $117.11. The company’s stock had a trading volume of 712,815 shares, compared to its average volume of 820,845. The business has a fifty day simple moving average of $104.41 and a two-hundred day simple moving average of $94.25. Timken Company has a 12-month low of $67.14 and a 12-month high of $123.67. The firm has a market cap of $8.14 billion, a PE 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 quick ratio of 1.55 and a current ratio of 2.88.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $1.40 earnings per share. The firm’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, research analysts forecast that Timken Company will post 6.04 EPS for the current year.

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This is a positive change from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. Timken’s payout ratio is 31.82%.

Wall Street Analysts Forecast Growth

TKR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Monday, April 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $125.00 price target on shares of Timken in a research note on Friday. DA Davidson raised their price target on Timken from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Monday. Evercore reiterated an “outperform” rating and issued a $158.00 price objective on shares of Timken in a report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Timken from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $126.25.

Hedge Funds Weigh In On Timken

Institutional investors have recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd bought a new position in Timken in the fourth quarter worth $25,000. Clearstead Advisors LLC raised its holdings in Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Eastern Bank bought a new position in Timken in the fourth quarter worth $27,000. V Square Quantitative Management LLC bought a new position in Timken in the fourth quarter worth $31,000. Finally, Kestra Investment Management LLC bought a new position in Timken in the second quarter worth $42,000. Institutional investors own 89.08% of the company’s stock.

Timken Company Profile

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.