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

The Timken Company (NYSE:TKR) CFO Philip D. Fracassa sold 5,000 shares of Timken stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $81.50, for a total transaction of $407,500.00. Following the completion of the transaction, the chief financial officer now owns 90,541 shares of the company’s stock, valued at $7,379,091.50. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Timken Trading Down 0.0 %

Shares of Timken stock opened at $82.08 on Thursday. The company has a fifty day simple moving average of $75.74 and a 200-day simple moving average 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 current ratio of 3.07, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.21 and a beta of 1.39.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TKR. Landscape Capital Management L.L.C. purchased a new stake in Timken in the 4th quarter valued at $566,000. Foundry Partners LLC raised its position in Timken by 6.5% in the 4th quarter. Foundry Partners LLC now owns 52,711 shares of the industrial products company’s stock valued at $3,762,000 after purchasing an additional 3,197 shares during the last quarter. World Investment Advisors raised its position in Timken by 9.4% in the 4th quarter. World Investment Advisors now owns 5,313 shares of the industrial products company’s stock valued at $379,000 after purchasing an additional 458 shares during the last quarter. National Bank of Canada FI purchased a new stake in Timken in the 4th quarter valued at $335,000. Finally, Pictet Asset Management Holding SA raised its position in Timken by 15.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 10,292 shares of the industrial products company’s stock valued at $735,000 after purchasing an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TKR shares. Citigroup dropped their price objective on shares of Timken from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. KeyCorp restated a “sector weight” rating on shares of Timken in a report on Friday, November 22nd. DA Davidson dropped their price objective on shares of Timken from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Bank of America upgraded 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 dropped their price objective on shares of Timken from $102.00 to $97.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Timken has a consensus rating of “Moderate Buy” and a consensus target price 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.