Timken (NYSE:TKR) Issues FY 2026 Earnings Guidance

Timken (NYSE:TKR - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 5.750-6.250 for the period, compared to the consensus EPS estimate of 5.880. The company issued revenue guidance of -, compared to the consensus revenue estimate of $4.8 billion.

Analyst Upgrades and Downgrades

Several research firms recently commented on TKR. Citigroup boosted their price objective on shares of Timken from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, April 13th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Timken in a research report on Monday, April 20th. Morgan Stanley boosted their price objective on shares of Timken from $116.00 to $119.00 and gave the stock an "overweight" rating in a research report on Monday, March 30th. Oppenheimer boosted their target price on shares of Timken from $108.00 to $117.00 and gave the company an "outperform" rating in a research note on Monday, April 20th. Finally, Wall Street Zen raised shares of Timken from a "hold" rating to a "buy" rating in a research note on Sunday, March 1st. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $105.86.

Timken Trading Up 2.3%

Shares of TKR stock opened at $109.54 on Wednesday. The firm has a 50-day moving average price of $103.66 and a 200 day moving average price of $93.04. Timken has a twelve month low of $65.49 and a twelve month high of $111.64. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.56 and a beta of 1.18. The company has a current ratio of 2.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.56.

Timken (NYSE:TKR - Get Free Report) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.17. Timken had a net margin of 6.29% and a return on equity of 11.52%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. Timken has set its FY 2026 guidance at 5.750-6.250 EPS. Research analysts forecast that Timken will post 5.9 earnings per share for the current fiscal year.

Timken Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Tuesday, February 24th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $1.40 annualized dividend and a yield of 1.3%. Timken's payout ratio is presently 34.06%.

Insiders Place Their Bets

In other news, Director Richard G. Kyle sold 19,636 shares of the company's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $107.99, for a total transaction of $2,120,491.64. Following the completion of the transaction, the director owned 243,636 shares of the company's stock, valued at $26,310,251.64. This represents a 7.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TKR. 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 valued at $171,880,000 after acquiring an additional 2,012,352 shares during the last quarter. Invesco Ltd. increased its stake in shares of Timken by 124.5% during the 3rd 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 during the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Timken during the 4th quarter valued at about $44,421,000. Balyasny Asset Management L.P. increased its stake in shares of Timken by 235.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 735,354 shares of the industrial products company's stock valued at $61,865,000 after acquiring an additional 515,948 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Timken during the 4th quarter valued at about $38,439,000. Institutional investors and hedge funds own 89.08% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.