Timken (NYSE:TKR) Reaches New 1-Year High – Here’s What Happened

Timken Company (The) (NYSE:TKR)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $92.20 and last traded at $92.27, with a volume of 39904 shares trading hands. The stock had previously closed at $90.83.

Analyst Upgrades and Downgrades

TKR has been the subject of several recent research reports. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Oppenheimer reissued an “outperform” rating on shares of Timken in a research report on Monday, November 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $88.00 price target on shares of Timken in a research report on Thursday, October 30th. DA Davidson increased their target price on shares of Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Timken from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Timken currently has an average rating of “Hold” and a consensus target price of $83.20.

Timken Trading Up 0.8%

The firm’s fifty day simple moving average is $82.92 and its 200 day simple moving average is $78.92. The stock has a market capitalization of $6.38 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 1.74 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 posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.12. Timken had a net margin of 6.54% and a return on equity of 11.88%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business posted $1.23 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Timken has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities research analysts forecast that Timken Company will post 5.62 EPS for the current fiscal year.

Timken Announces Dividend

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

Insider Activity at Timken

In related news, Director Richard G. Kyle sold 15,837 shares of the company’s stock in a transaction 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 sale, the director directly owned 266,942 shares in the company, valued at $21,630,310.26. This represents a 5.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Highland Capital Management LLC lifted its position in shares of Timken by 39.7% in the 2nd quarter. Highland Capital Management LLC now owns 59,260 shares of the industrial products company’s stock worth $4,299,000 after purchasing an additional 16,840 shares during the period. Sequoia Financial Advisors LLC bought a new position in Timken during the second quarter worth $387,000. Deprince Race & Zollo Inc. bought a new position in Timken during the third quarter worth $22,624,000. American Century Companies Inc. lifted its holdings in Timken by 13.4% in the second quarter. American Century Companies Inc. now owns 3,845,175 shares of the industrial products company’s stock valued at $278,968,000 after buying an additional 455,050 shares during the period. Finally, Impax Asset Management Group plc acquired a new stake in Timken during the 2nd quarter worth about $1,025,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

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.