The Timken Company (NYSE:TKR) CFO Sells $407,500.00 in 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 transaction, the chief financial officer now owns 90,541 shares in the company, valued at $7,379,091.50. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Timken Stock Up 0.8 %

NYSE TKR traded up $0.66 on Tuesday, hitting $82.19. The stock had a trading volume of 762,182 shares, compared to its average volume of 718,785. The business’s fifty day moving average price is $75.55 and its 200 day moving average price is $79.35. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.07 and a quick ratio of 1.62. The Timken Company has a 52-week low of $69.35 and a 52-week high of $94.71.

Timken (NYSE:TKR) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share 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%. Equities research analysts anticipate that The Timken Company will post 5.6 earnings per share for the current year.

Hedge Funds Weigh In On Timken

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Coastline Trust Co acquired a new position in Timken during the 3rd quarter valued at approximately $29,000. Fairway Wealth LLC purchased a new stake in shares of Timken during the fourth quarter valued at $29,000. Livelsberger Financial Advisory purchased a new stake in shares of Timken during the third quarter valued at $32,000. UMB Bank n.a. increased its position in shares of Timken by 64.1% in the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 168 shares during the period. Finally, Amundi raised its stake in Timken by 25.8% in the 4th quarter. Amundi now owns 848 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 174 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TKR has been the topic of several research reports. Morgan Stanley raised their price target on Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday. DA Davidson cut their target price on shares of Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI raised shares of Timken from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $87.00 to $91.00 in a research report on Wednesday, November 13th. Bank of America raised shares of Timken from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $73.00 to $78.00 in a report on Tuesday, February 4th. Finally, Oppenheimer lowered their target price on Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Timken currently has an average rating of “Moderate Buy” and a consensus price target of $91.60.

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.