Timken (NYSE:TKR) Director Richard Kyle Sells 10,000 Shares of Stock

Timken Company (The) (NYSE:TKR) Director Richard Kyle sold 10,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $106.72, for a total value of $1,067,200.00. Following the completion of the sale, the director owned 263,272 shares of the company’s stock, valued at $28,096,387.84. The trade was a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Timken Price Performance

Shares of Timken stock opened at $107.66 on Tuesday. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.59 and a beta of 1.21. The company has a quick ratio of 1.47, a current ratio of 2.82 and a debt-to-equity ratio of 0.56. The stock’s 50-day simple moving average is $94.55 and its 200-day simple moving average is $83.68. Timken Company has a 52 week low of $56.20 and a 52 week high of $111.39.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. Timken had a return on equity of 11.52% and a net margin of 6.29%.The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $1.16 EPS. The firm’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. As a group, analysts expect that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

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

Wall Street Analyst Weigh In

TKR has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Timken in a report on Wednesday, January 21st. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 target price on shares of Timken in a research report on Thursday, October 30th. Oppenheimer set a $108.00 price target on shares of Timken in a research report on Thursday, February 5th. Wall Street Zen cut shares of Timken from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. increased their price target on shares of Timken from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Timken has an average rating of “Hold” and a consensus price target of $93.78.

Institutional Investors Weigh In On Timken

Several hedge funds and other institutional investors have recently made changes to their positions in TKR. Mather Group LLC. bought a new position in Timken during the 3rd quarter valued at about $25,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Timken during the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC raised its holdings in shares of 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 buying an additional 172 shares during the period. Eastern Bank bought a new stake in shares of Timken during the 4th quarter worth approximately $27,000. Finally, SJS Investment Consulting Inc. boosted its holdings in Timken by 4,512.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 361 shares during the period. Hedge funds and other 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.