Timken (NYSE:TKR) Sets New 52-Week High – Still a Buy?

Timken Company (The) (NYSE:TKR)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $107.15 and last traded at $105.98, with a volume of 34999 shares trading hands. The stock had previously closed at $106.04.

Wall Street Analyst Weigh In

TKR has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Timken from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday. 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. Citigroup upped their price objective on shares of Timken from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Oppenheimer set a $108.00 price target on shares of Timken in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $88.22.

Timken Stock Up 2.0%

The firm has a 50-day moving average of $89.34 and a 200 day moving average of $81.29. 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 stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 2.12 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 for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. Timken had a net margin of 6.29% and a return on equity of 11.52%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company posted $1.16 EPS. The firm’s revenue for the quarter 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, sell-side analysts anticipate that Timken Company will post 5.62 earnings per share for the current year.

Timken Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Tuesday, November 25th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, November 25th. This represents a $1.40 annualized dividend and a yield of 1.3%. Timken’s dividend payout ratio is 34.06%.

Insider Buying and Selling

In other news, Director Richard G. Kyle sold 15,837 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $81.03, for a total transaction of $1,283,272.11. Following the completion of the transaction, the director directly owned 266,942 shares of the company’s stock, valued at approximately $21,630,310.26. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new stake in Timken in the 3rd quarter valued at about $25,000. Eastern Bank acquired a new stake in Timken in the 4th quarter valued at approximately $27,000. SJS Investment Consulting Inc. increased its position in Timken by 4,512.5% in 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. V Square Quantitative Management LLC acquired a new position in Timken during the 4th quarter worth $31,000. Finally, CWM LLC grew its stake in shares of Timken by 31.4% in the second quarter. CWM LLC now owns 527 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 126 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors.

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.