The Timken Company (NYSE:TKR) CFO Philip D. Fracassa Sells 5,000 Shares

The Timken Company (NYSE:TKR) CFO Philip D. Fracassa sold 5,000 shares of the stock in a transaction that occurred 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 approximately $7,379,091.50. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Timken Trading Up 1.4 %

Shares of TKR stock opened at $83.21 on Friday. The stock’s fifty day moving average price is $75.88 and its two-hundred day moving average price is $79.38. The company has a market cap of $5.83 billion, a PE ratio of 16.68, a P/E/G ratio of 1.21 and a beta of 1.39. The Timken Company has a fifty-two week low of $69.35 and a fifty-two week high of $94.71. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 3.07.

Timken (NYSE:TKR) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Timken had a return on equity of 13.93% and a net margin of 7.71%. Equities analysts predict that The Timken Company will post 5.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Evercore ISI upgraded Timken from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $87.00 to $91.00 in a research note on Wednesday, November 13th. KeyCorp reissued a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. DA Davidson reduced their price target on Timken from $103.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley increased their price target on Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Citigroup reduced their price target on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Timken currently has an average rating of “Moderate Buy” and a consensus target price of $91.60.

Institutional Investors Weigh In On Timken

Several hedge funds have recently modified their holdings of the company. M&T Bank Corp boosted its holdings in shares of Timken by 0.6% during the 3rd quarter. M&T Bank Corp now owns 24,482 shares of the industrial products company’s stock valued at $2,064,000 after acquiring an additional 144 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its position in Timken by 1.0% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 15,208 shares of the industrial products company’s stock worth $1,282,000 after purchasing an additional 155 shares during the last quarter. First Horizon Advisors Inc. raised its position in Timken by 8.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,981 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 158 shares during the last quarter. Blue Trust Inc. raised its position in Timken by 20.0% during the 3rd quarter. Blue Trust Inc. now owns 997 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 166 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Timken by 64.1% during the 3rd quarter. UMB Bank n.a. now owns 430 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds 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.