Timken Company (The) (NYSE:TKR) Plans Quarterly Dividend of $0.36

Timken Company (The) (NYSE:TKR) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.36 per share by the industrial products company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, August 18th.

Timken has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Timken has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Timken to earn $7.12 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 20.2%.

Timken Trading Down 0.3%

Shares of TKR stock opened at $131.64 on Thursday. The company has a current ratio of 3.10, a quick ratio of 1.55 and a debt-to-equity ratio of 0.61. Timken has a 1 year low of $70.57 and a 1 year high of $146.37. The stock has a market cap of $9.15 billion, a P/E ratio of 35.67, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21. The stock has a 50 day simple moving average of $137.60 and a 200 day simple moving average of $116.60.

Timken (NYSE:TKR) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.62 by $0.21. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. On average, research analysts predict that Timken will post 6.19 earnings per share for the current fiscal year.

Insider Activity at Timken

In other news, Director Ajita G. Rajendra sold 8,450 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Timken, Jr. sold 15,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $116.51, for a total value of $1,747,650.00. Following the sale, the director directly owned 264,744 shares of the company’s stock, valued at $30,845,323.44. The trade was a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 69,079 shares of company stock valued at $8,296,144 over the last ninety days. Corporate insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Timken

A number of hedge funds have recently made changes to their positions in TKR. Dimensional Fund Advisors LP increased its holdings in Timken by 8.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,886,955 shares of the industrial products company’s stock worth $290,320,000 after buying an additional 214,845 shares during the last quarter. UBS Group AG increased its stake in shares of Timken by 734.7% during the 3rd quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after purchasing an additional 2,012,352 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Timken by 15.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,843,042 shares of the industrial products company’s stock worth $155,055,000 after purchasing an additional 247,000 shares during the period. Invesco Ltd. lifted its stake in Timken by 1.0% in the fourth quarter. Invesco Ltd. now owns 1,371,613 shares of the industrial products company’s stock valued at $115,394,000 after purchasing an additional 13,459 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in Timken by 5.6% in the fourth quarter. Brown Advisory Inc. now owns 1,273,668 shares of the industrial products company’s stock valued at $107,154,000 after purchasing an additional 67,573 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors.

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.