Timken Company (The) (NYSE:TKR – Get Free Report)’s share price hit a new 52-week high on Friday . The stock traded as high as $134.12 and last traded at $130.52, with a volume of 281433 shares. The stock had previously closed at $133.66.
Wall Street Analyst Weigh In
TKR has been the topic of a number of analyst reports. Oppenheimer increased their target price on shares of Timken from $137.00 to $147.00 and gave the stock an “outperform” rating in a research report on Friday. The Goldman Sachs Group set a $128.00 price target on Timken in a research report on Friday, May 22nd. Citigroup raised their price objective on Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Evercore reaffirmed an “outperform” rating and issued a $158.00 price objective on shares of Timken in a report on Monday, May 11th. Finally, Wall Street Zen raised Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $140.38.
Timken Stock Performance
Timken (NYSE:TKR – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. The firm’s quarterly 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, equities analysts predict that Timken Company will post 6.13 earnings per share for the current year.
Timken Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.36 per share. This is a boost from Timken’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Timken’s payout ratio is currently 32.73%.
Insider Buying and Selling
In other news, Director Richard G. Kyle sold 8,448 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $127.35, for a total transaction of $1,075,852.80. Following the completion of the sale, the director owned 197,361 shares of the company’s stock, valued at approximately $25,133,923.35. This represents a 4.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Timken, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the sale, the director directly owned 264,744 shares of the company’s stock, valued at approximately $30,845,323.44. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 60,629 shares of company stock valued at $7,186,321. 8.10% of the stock is currently owned by insiders.
Institutional Trading of Timken
Institutional investors and hedge funds have recently made changes to their positions in the company. Phocas Financial Corp. increased its position in Timken by 81.2% during the 4th quarter. Phocas Financial Corp. now owns 88,967 shares of the industrial products company’s stock worth $7,485,000 after purchasing an additional 39,871 shares in the last quarter. Oliver Luxxe Assets LLC acquired a new position in Timken during the 4th quarter worth approximately $1,990,000. Wealth High Governance Capital Ltda acquired a new position in Timken during the 4th quarter worth approximately $16,429,000. Peregrine Investment Management Inc. acquired a new position in Timken during the 1st quarter worth approximately $7,040,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Timken during the 3rd quarter worth approximately $8,107,000. 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.
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