Insider Selling: The Timken Company (NYSE:TKR) CFO Sells 5,000 Shares of Stock

The Timken Company (NYSE:TKR) CFO Philip D. Fracassa sold 5,000 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $81.50, for a total value of $407,500.00. Following the completion of the transaction, the chief financial officer now directly owns 90,541 shares in the company, valued at approximately $7,379,091.50. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Timken Price Performance

TKR stock traded up $0.66 during mid-day trading on Tuesday, hitting $82.19. The company had a trading volume of 762,182 shares, compared to its average volume of 718,785. The company has a 50-day moving average price of $75.55 and a 200 day moving average price of $79.35. The Timken Company has a 12-month low of $69.35 and a 12-month high of $94.71. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.21 and a beta of 1.39. The company has a quick ratio of 1.62, a current ratio of 3.07 and a debt-to-equity ratio of 0.69.

Timken (NYSE:TKR) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. On average, research analysts anticipate that The Timken Company will post 5.6 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Evercore ISI raised Timken from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $87.00 to $91.00 in a research note on Wednesday, November 13th. Oppenheimer decreased their target price on shares of Timken from $102.00 to $97.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. DA Davidson lowered their price target on shares of Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. KeyCorp reissued a “sector weight” rating on shares of Timken in a research note on Friday, November 22nd. Finally, Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and lifted their target price for the company from $80.00 to $95.00 in a research note on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.60.

Institutional Investors Weigh In On Timken

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Timken by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company’s stock valued at $461,461,000 after buying an additional 26,973 shares during the last quarter. American Century Companies Inc. grew its position in Timken by 11.3% in the 4th quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company’s stock valued at $225,436,000 after acquiring an additional 320,354 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Timken by 4.2% in the third quarter. Thrivent Financial for Lutherans now owns 2,679,790 shares of the industrial products company’s stock worth $225,880,000 after purchasing an additional 107,350 shares during the period. State Street Corp lifted its position in shares of Timken by 3.5% during the third quarter. State Street Corp now owns 1,953,838 shares of the industrial products company’s stock worth $164,689,000 after purchasing an additional 66,208 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Timken by 34.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock valued at $143,376,000 after purchasing an additional 434,800 shares during the period. Institutional investors own 89.08% of the company’s stock.

Timken Company Profile

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings.