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

Timken Company (The) (NYSE:TKR) Director Richard Kyle sold 13,637 shares of the business’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 directly owned 183,724 shares of the company’s stock, valued at $23,264,970.12. This represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Timken Stock Up 1.6%

Shares of NYSE:TKR traded up $2.00 during mid-day trading on Tuesday, hitting $128.57. 855,865 shares of the company traded hands, compared to its average volume of 911,714. The stock has a 50-day moving average price of $137.68 and a two-hundred day moving average price of $117.35. Timken Company has a 12-month low of $70.57 and a 12-month high of $146.37. The stock has a market cap of $8.91 billion, a P/E ratio of 34.84, a P/E/G ratio of 1.54 and a beta of 1.21. The company has a current ratio of 3.10, a quick ratio of 1.74 and a debt-to-equity ratio of 0.61.

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

Timken Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ceredex Value Advisors LLC bought a new stake in shares of Timken in the 2nd quarter worth approximately $9,925,000. Oxford Financial Group LTD. LLC purchased a new stake in Timken in the second quarter worth $383,000. Advisors Capital Management LLC purchased a new stake in Timken in the second quarter worth $10,389,000. Vise Technologies Inc. bought a new stake in shares of Timken in the second quarter valued at $211,000. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of Timken in the second quarter valued at $4,506,000. 89.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TKR. The Goldman Sachs Group lifted their target price on shares of Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. upped their target price on Timken from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Weiss Ratings lowered Timken from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Oppenheimer boosted their price objective on Timken from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Finally, KeyCorp upped their price objective on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Timken currently has an average rating of “Moderate Buy” and an average target price of $150.00.

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.