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 that occurred on Friday, June 5th. The shares were sold at an average price of $131.34, for a total value of $1,109,823.00. Following the completion of the transaction, the director directly owned 20,225 shares of the company’s stock, valued at $2,656,351.50. The trade was a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Timken Stock Performance

NYSE:TKR traded up $2.56 during trading hours on Tuesday, reaching $137.23. The company had a trading volume of 1,579,136 shares, 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 firm has a market cap of $9.54 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.21. The business’s 50 day moving average price is $113.14 and its 200-day moving average price is $100.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.88 and a quick ratio of 1.55.

Timken (NYSE:TKR) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company posted $1.40 earnings per share. Timken’s revenue for the quarter 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 forecast that Timken Company will post 6.13 EPS for the current year.

Timken Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley set a $140.00 price target on Timken in a report on Thursday, May 21st. Oppenheimer boosted their price target on Timken from $137.00 to $147.00 and gave the company an “outperform” rating in a report on Friday. Evercore reissued an “outperform” rating and issued a $158.00 price target on shares of Timken in a report on Monday, May 11th. The Goldman Sachs Group set a $128.00 target price on Timken in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised Timken from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $130.00 to $150.00 in a research note on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.38.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC raised its stake in shares of Timken by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock worth $255,000 after buying an additional 104 shares during the period. Parallel Advisors LLC raised its stake in shares of Timken by 4.1% during the 1st quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after buying an additional 116 shares during the period. Uncommon Cents Investing LLC raised its stake in shares of Timken by 0.5% during the 4th quarter. Uncommon Cents Investing LLC now owns 27,465 shares of the industrial products company’s stock worth $2,311,000 after buying an additional 125 shares during the period. Parvin Asset Management LLC raised its stake in shares of Timken by 16.5% during the 1st quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock worth $93,000 after buying an additional 130 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Timken by 3.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock worth $325,000 after buying an additional 132 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

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.