Timken (NYSE:TKR) Director Ajita Rajendra Sells 8,450 Shares

Timken Company (The) (NYSE:TKR) Director Ajita Rajendra sold 8,450 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the completion of the sale, the director owned 20,225 shares in the company, valued at approximately $2,656,351.50. This trade represents a 29.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Timken Price Performance

Shares of TKR opened at $137.23 on Wednesday. The firm’s 50-day simple moving average is $113.94 and its two-hundred day simple moving average is $101.10. Timken Company has a fifty-two week low of $69.25 and a fifty-two week high of $139.43. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.55 and a current ratio of 2.88. The stock has a market cap of $9.54 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21.

Timken (NYSE:TKR) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.17. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. The business’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. Analysts anticipate that Timken Company will post 6.13 earnings per share for the current fiscal year.

Timken Increases Dividend

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

Institutional Investors Weigh In On Timken

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd purchased a new stake in Timken in the fourth quarter worth approximately $25,000. Clearstead Advisors LLC boosted its holdings in Timken by 130.3% in the fourth quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. Eastern Bank bought a new position in Timken in the fourth quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new position in Timken in the fourth quarter worth approximately $31,000. Finally, Kestra Investment Management LLC bought a new position in Timken in the second quarter worth approximately $42,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TKR shares. Wall Street Zen upgraded shares of Timken from a “hold” rating to a “buy” rating in a report on Sunday, March 1st. Morgan Stanley set a $140.00 price target on shares of Timken in a report on Thursday, May 21st. JPMorgan Chase & Co. upgraded shares of Timken from a “neutral” rating to an “overweight” rating and increased their price target for the company from $130.00 to $150.00 in a report on Tuesday, May 26th. Evercore restated an “outperform” rating and issued a $158.00 target price on shares of Timken in a report on Monday, May 11th. Finally, KeyCorp raised their target price on shares of Timken from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Timken currently has an average rating of “Moderate Buy” and an average target price of $140.38.

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.