Timken (NYSE:TKR) Sets New 12-Month High – Here’s Why

Shares of Timken Company (The) (NYSE:TKR) reached a new 52-week high on Monday . The stock traded as high as $107.15 and last traded at $105.98, with a volume of 34999 shares. The stock had previously closed at $106.04.

Analyst Upgrades and Downgrades

TKR has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $88.00 price target on shares of Timken in a research report on Thursday, October 30th. DA Davidson boosted their target price on Timken from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Oppenheimer set a $108.00 target price on Timken in a research report on Thursday. Wall Street Zen upgraded Timken from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $88.22.

Timken Trading Up 2.0%

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 cap of $7.54 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 2.12 and a beta of 1.21. The company has a fifty day simple moving average of $89.34 and a 200-day simple moving average of $81.29.

Timken (NYSE:TKR) last released its earnings results on Wednesday, February 4th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Timken had a net margin of 6.29% and a return on equity of 11.52%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. Timken has set its FY 2026 guidance at 5.500-6.000 EPS. On average, research analysts forecast that Timken Company will post 5.62 earnings per share for the current fiscal year.

Timken Announces Dividend

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 $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, November 25th. Timken’s dividend payout ratio is currently 34.06%.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 15,837 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 266,942 shares of the company’s stock, valued at $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 this link. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Timken

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in shares of Timken during the 3rd quarter valued at $25,000. Eastern Bank acquired a new stake in Timken during the fourth quarter valued at $27,000. SJS Investment Consulting Inc. grew its stake in Timken by 4,512.5% in the third quarter. SJS Investment Consulting Inc. now owns 369 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 361 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Timken in the 4th quarter worth about $31,000. Finally, CWM LLC raised its stake in shares of 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 purchasing an additional 126 shares in the last quarter. 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.