Timken (NYSE:TKR) Director Ajita Rajendra Sells 8,450 Shares

Timken Company (The) (NYSE:TKR) Director Ajita Rajendra sold 8,450 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $131.34, for a total value of $1,109,823.00. Following the sale, the director owned 20,225 shares in the company, valued at $2,656,351.50. The trade was a 29.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Timken Stock Up 1.9%

Shares of TKR stock traded up $2.56 during trading hours on Tuesday, reaching $137.23. 1,579,136 shares of the company’s stock were exchanged, compared to its average volume of 884,554. Timken Company has a 1 year low of $69.25 and a 1 year high of $139.43. The stock has a market cap of $9.54 billion, a PE ratio of 31.19, a PEG ratio of 1.58 and a beta of 1.21. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average price is $113.14 and its two-hundred day moving average price is $100.67.

Timken (NYSE:TKR) 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 return on equity of 11.84% and a net margin of 6.60%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Research analysts predict that Timken Company will post 6.13 EPS for the current year.

Timken Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, May 19th. This is a positive change from Timken’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. Timken’s payout ratio is presently 32.73%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore restated an “outperform” rating and set a $158.00 price target on shares of Timken in a research note on Monday, May 11th. Citigroup boosted their price target on Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research report on Sunday, March 1st. DA Davidson upped their target price on Timken from $117.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Timken has an average rating of “Moderate Buy” and an average price target of $140.38.

Institutional Investors Weigh In On Timken

Large investors have recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new stake in Timken in the fourth quarter valued at approximately $25,000. Clearstead Advisors LLC boosted its position in Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. Eastern Bank purchased a new stake in Timken in the fourth quarter valued at approximately $27,000. V Square Quantitative Management LLC acquired a new stake in Timken during the fourth quarter worth about $31,000. Finally, Kestra Investment Management LLC acquired a new stake in Timken during the second quarter worth about $42,000. 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.