TKR

Over the past six months, The Timken Co. (TKR) experienced several notable stock events. On March 18, 2026, Timken acquired Bijur Delimon International, enhancing its global automated lubrication systems. On April 29, 2026, the company entered an agreement to sell certain assets of its belts business to Gates. Timken also launched Phase 1 of a program to process tariff refunds following a 2026 U.S. Supreme Court ruling. During the six months ended June 30, 2026, the company repurchased 437,000 common shares. For the second quarter of 2026, net sales increased by 7.5% year over year to $1.26 billion, but net income attributable to the company decreased by 63.2% to $28.9 million, primarily due to an $87.9 million impairment charge related to the anticipated divestiture of the belts business; however, adjusted EPS rose to $1.83, surpassing analysts' expectations. On August 5, 2026, Timken declared a quarterly cash dividend of $0.36 per share, marking its 13th consecutive year of higher annualized dividends. The company participated in several investor conferences in September 2026. Between September 15, 2025, and September 11, 2026, the stock price increased by 54.30%, with a 47.45% increase over the last 12 months and a 38.58% year-to-date return as of September 17, 2026, although it decreased by 9.62% in the month leading up to September 17, 2026. Management indicated that July 2026 performance was slightly better than expected, August 2026 was in line with expectations including normal seasonal shutdowns, and the Industrial Motion segment performed stronger than anticipated.