Timken (NYSE:TKR) Hits New 12-Month High – Here’s What Happened

Timken Company (The) (NYSE:TKR) reached a new 52-week high during trading on Tuesday . The company traded as high as $145.72 and last traded at $145.7350, with a volume of 112315 shares. The stock had previously closed at $143.50.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. KeyCorp increased their price target on shares of Timken from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Timken in a research report on Monday, April 20th. DA Davidson initiated coverage on shares of Timken in a research report on Tuesday, June 16th. They set a “neutral” rating and a $130.00 target price for the company. Oppenheimer raised their price target on shares of Timken from $137.00 to $147.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Finally, Citigroup lifted their price target on shares of Timken from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Timken presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.62.

Timken Stock Down 2.2%

The firm has a market capitalization of $9.88 billion, a P/E ratio of 32.29, a PEG ratio of 1.74 and a beta of 1.20. 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 50 day moving average of $125.77 and a 200-day moving average of $107.69.

Timken (NYSE:TKR) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $1.40 earnings per share. The company’s revenue 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 predict that Timken Company will post 6.14 earnings per share for the current fiscal year.

Timken Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were paid a $0.36 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Timken’s previous quarterly dividend of $0.35. Timken’s dividend payout ratio (DPR) is presently 32.73%.

Insider Buying and Selling at Timken

In other news, Director Richard G. Kyle sold 8,448 shares of Timken stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $127.35, for a total value of $1,075,852.80. Following the completion of the transaction, the director directly owned 197,361 shares in the company, valued at approximately $25,133,923.35. The trade was a 4.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John M. Timken, Jr. sold 15,000 shares of the business’s stock in a transaction 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 owned 264,744 shares in the company, valued at approximately $30,845,323.44. The trade was a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,079 shares of company stock valued at $8,296,144 in the last 90 days. 8.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG lifted its holdings in shares of Timken by 734.7% in the third quarter. UBS Group AG now owns 2,286,250 shares of the industrial products company’s stock worth $171,880,000 after buying an additional 2,012,352 shares in the last quarter. Invesco Ltd. grew its stake in Timken by 124.5% during the third quarter. Invesco Ltd. now owns 1,358,154 shares of the industrial products company’s stock valued at $102,106,000 after acquiring an additional 753,275 shares in the last quarter. Norges Bank bought a new stake in Timken during the 4th quarter worth approximately $47,644,000. Alyeska Investment Group L.P. bought a new stake in Timken during the 4th quarter worth approximately $44,421,000. Finally, Balyasny Asset Management L.P. lifted its stake in Timken by 235.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company’s stock worth $61,865,000 after purchasing an additional 515,948 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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.