Timken Company (The) (TKR) To Go Ex-Dividend on May 19th

Timken Company (The) (NYSE:TKR) announced a quarterly dividend on Friday, May 8th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.36 per share by the industrial products company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a 2.9% increase from Timken’s previous quarterly dividend of $0.35.

Timken has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Timken has a payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Timken to earn $6.70 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 21.5%.

Timken Trading Down 1.9%

Shares of Timken stock opened at $114.55 on Friday. The firm has a market capitalization of $7.96 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $105.08 and its 200 day moving average is $95.22. Timken has a 1 year low of $67.14 and a 1 year high of $123.67.

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 the consensus estimate of $1.50 by $0.17. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Timken had a net margin of 6.60% and a return on equity of 11.84%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Equities research analysts forecast that Timken will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Timken news, Director Richard G. Kyle sold 37,181 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $117.34, for a total transaction of $4,362,818.54. Following the sale, the director directly owned 206,455 shares of the company’s stock, valued at $24,225,429.70. The trade was a 15.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John M. Timken, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $116.51, for a total transaction of $1,747,650.00. Following the sale, the director directly owned 264,744 shares in the company, valued at $30,845,323.44. The trade was a 5.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 81,817 shares of company stock worth $9,298,160 over the last three months. Insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Timken

Institutional investors have recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd bought a new stake in Timken during the 4th quarter worth approximately $25,000. Clearstead Advisors LLC grew its holdings in Timken by 130.3% during the 4th quarter. Clearstead Advisors LLC now owns 304 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Eastern Bank bought a new stake in Timken during the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new stake in shares of Timken in the 4th quarter valued at $31,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Timken in the 2nd quarter valued at $42,000. 89.08% of the stock is 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.