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

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

Timken Stock Performance

NYSE:TKR opened at $109.37 on Wednesday. Timken Company has a twelve month low of $56.20 and a twelve month high of $111.39. The company has a market capitalization of $7.61 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.58 and a beta of 1.21. The company has a current ratio of 2.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $95.02 and a two-hundred day moving average price of $83.93.

Timken (NYSE:TKR) last released 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. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Timken had a return on equity of 11.52% and a net margin of 6.29%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. As a group, research analysts expect that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TKR shares. JPMorgan Chase & Co. upped their price target on shares of Timken from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Timken in a research report on Thursday, October 30th. DA Davidson lifted their target price on Timken from $86.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Morgan Stanley upped their price target on Timken from $105.00 to $116.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen lowered Timken from a “buy” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $93.78.

Institutional Inflows and Outflows

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