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 firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $81.50, for a total value of $407,500.00. Following 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 filing with the SEC, which is available through the SEC website.

Timken Price Performance

Shares of TKR stock opened at $82.19 on Wednesday. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.21 and a beta of 1.39. The business’s fifty day moving average is $75.64 and its 200 day moving average is $79.33. The Timken Company has a twelve month low of $69.35 and a twelve month high of $94.71. 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 released its earnings results on Wednesday, February 5th. The industrial products company reported $1.16 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%. Research analysts expect that The Timken Company will post 5.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TKR has been the topic of several recent research reports. KeyCorp restated a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Jefferies Financial Group upgraded Timken from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $95.00 in a research report on Friday, December 6th. Citigroup cut their price objective on Timken from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI upgraded Timken from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $87.00 to $91.00 in a research report on Wednesday, November 13th. Finally, Morgan Stanley lifted their price objective on Timken from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on 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 added to or reduced their stakes in the stock. Angeles Investment Advisors LLC bought a new stake in Timken in the fourth quarter worth $249,000. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 26,973 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Timken during the fourth quarter valued at $638,000. KLP Kapitalforvaltning AS bought a new position in shares of Timken during the fourth quarter valued at $992,000. Finally, Sei Investments Co. lifted its holdings in shares of Timken by 33.2% during the fourth quarter. Sei Investments Co. now owns 616,130 shares of the industrial products company’s stock valued at $43,973,000 after purchasing an additional 153,698 shares in the last quarter. 89.08% of the stock is owned by institutional investors.

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.