Timken (NYSE:TKR) Reaches New 52-Week High – Here’s Why

Timken Company (The) (NYSE:TKR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $89.55 and last traded at $89.9950, with a volume of 99003 shares traded. The stock had previously closed at $88.34.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson increased their price target on Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Oppenheimer reiterated an “outperform” rating on shares of Timken in a research report on Monday, November 24th. JPMorgan Chase & Co. upped their price target on shares of Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Timken in a report on Wednesday, October 8th. Finally, Citigroup upped their target price on shares of Timken from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Timken presently has an average rating of “Hold” and a consensus target price of $83.20.

Timken Stock Performance

The firm’s fifty day moving average price is $81.72 and its 200 day moving average price is $78.29. The firm has a market cap of $6.30 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.71 and a current ratio of 3.11.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.12. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. Timken had a net margin of 6.54% and a return on equity of 11.88%. Timken’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. Sell-side analysts expect that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, November 25th. Timken’s dividend payout ratio (DPR) is currently 33.10%.

Insiders Place Their Bets

In other Timken news, Director Richard G. Kyle sold 15,837 shares of Timken stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $81.03, for a total value of $1,283,272.11. Following the transaction, the director directly owned 266,942 shares of the company’s stock, valued at approximately $21,630,310.26. The trade was 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 company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in Timken in the third quarter worth about $25,000. SJS Investment Consulting Inc. boosted its stake 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 worth $28,000 after purchasing an additional 361 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in Timken in the 2nd quarter worth approximately $28,000. Steph & Co. purchased a new stake in Timken during the 2nd quarter worth approximately $37,000. Finally, CWM LLC increased its stake in Timken by 31.4% during the 2nd quarter. CWM LLC now owns 527 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 126 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other 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.