Richard Kyle Sells 19,636 Shares of Timken (NYSE:TKR) 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 transaction of $2,120,491.64. Following the completion of the sale, the director owned 243,636 shares in the company, valued at approximately $26,310,251.64. The trade was a 7.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Timken Price Performance

NYSE:TKR opened at $107.63 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.47. Timken Company has a one year low of $56.20 and a one year high of $111.39. The company has a fifty day moving average price of $95.49 and a 200 day moving average price of $84.10. The stock has a market cap of $7.48 billion, a P/E ratio of 26.19, a PEG ratio of 1.61 and a beta of 1.21.

Timken (NYSE:TKR) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Timken had a net margin of 6.29% and a return on equity of 11.52%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. Analysts anticipate that Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Tuesday, February 24th will be issued a dividend of $0.35 per share. 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 dividend payout ratio (DPR) is presently 34.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TKR. Royal Bank of Canada increased its holdings in Timken by 44.2% during the 1st quarter. Royal Bank of Canada now owns 90,550 shares of the industrial products company’s stock valued at $6,508,000 after purchasing an additional 27,750 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Timken by 147.0% during the first quarter. Goldman Sachs Group Inc. now owns 355,765 shares of the industrial products company’s stock worth $25,569,000 after purchasing an additional 211,718 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Timken by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,872 shares of the industrial products company’s stock valued at $16,305,000 after buying an additional 16,000 shares in the last quarter. CWM LLC raised its holdings in shares of Timken by 31.4% in the second quarter. CWM LLC now owns 527 shares of the industrial products company’s stock valued at $38,000 after buying an additional 126 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in Timken by 12.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 27,174 shares of the industrial products company’s stock worth $1,971,000 after buying an additional 3,020 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TKR shares. DA Davidson lifted their price target on shares of Timken from $86.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. Citigroup increased their price target on shares of Timken from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Morgan Stanley lifted their price objective on Timken from $105.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Finally, Wall Street Zen cut Timken from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $93.78.

About Timken

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.