Timken (NYSE:TKR) Director Sells $2,120,491.64 in Stock

Timken Company (The) (NYSE:TKR) Director Richard Kyle sold 19,636 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $107.99, for a total value of $2,120,491.64. Following the transaction, the director owned 243,636 shares in the company, valued at $26,310,251.64. This trade represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Timken Stock Performance

Shares of NYSE:TKR traded up $1.54 during trading on Tuesday, reaching $109.37. 666,317 shares of the company’s stock traded hands, compared to its average volume of 857,167. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.47. The company has a 50 day moving average of $94.55 and a 200-day moving average of $83.68. Timken Company has a 12 month low of $56.20 and a 12 month high of $111.39. The stock has a market capitalization of $7.61 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the firm earned $1.16 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, equities analysts expect that Timken Company will post 5.62 EPS for the current year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th will be given a dividend of $0.35 per share. The ex-dividend date is Tuesday, February 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Timken’s payout ratio is currently 34.06%.

Institutional Trading of Timken

A number of hedge funds and other institutional investors have recently made changes to their positions in TKR. American Century Companies Inc. grew its stake in Timken by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock valued at $278,968,000 after acquiring an additional 455,050 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Timken by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,672,110 shares of the industrial products company’s stock worth $224,813,000 after purchasing an additional 297,047 shares during the period. UBS Group AG grew its position in Timken by 734.7% during the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock valued at $171,880,000 after purchasing an additional 2,012,352 shares in the last quarter. Victory Capital Management Inc. grew its position in Timken by 15.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock valued at $155,055,000 after purchasing an additional 247,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Timken by 34.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,167 shares of the industrial products company’s stock worth $112,256,000 after buying an additional 385,389 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TKR shares. Citigroup lifted their target price on Timken from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. The Goldman Sachs Group restated a “neutral” rating and set a $88.00 price target on shares of Timken in a research report on Thursday, October 30th. Morgan Stanley increased their price objective on shares of Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Finally, DA Davidson boosted their target price on Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Timken presently has a consensus rating of “Hold” and an average target price of $93.78.

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.