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 the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $81.50, for a total transaction of $407,500.00. Following the transaction, the chief financial officer now owns 90,541 shares of the company’s stock, valued at approximately $7,379,091.50. The trade was a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Timken Price Performance

Shares of NYSE TKR opened at $82.08 on Thursday. 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. The Timken Company has a 52 week low of $69.35 and a 52 week high of $94.71. The company’s 50-day moving average price is $75.74 and its 200 day moving average price is $79.35. The company has a current ratio of 3.07, a quick ratio of 1.62 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 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Timken had a net margin of 7.71% and a return on equity of 13.93%. As a group, research analysts forecast that The Timken Company will post 5.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Timken

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Timken by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,465,760 shares of the industrial products company’s stock valued at $461,461,000 after acquiring an additional 26,973 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Timken by 11.3% during the 4th quarter. American Century Companies Inc. now owns 3,158,690 shares of the industrial products company’s stock worth $225,436,000 after purchasing an additional 320,354 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Timken by 4.2% during the 3rd 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 last quarter. State Street Corp boosted its stake in shares of Timken by 3.5% during the 3rd 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 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,700,979 shares of the industrial products company’s stock worth $143,376,000 after purchasing an additional 434,800 shares during the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TKR has been the subject of a number of analyst reports. KeyCorp restated a “sector weight” rating on shares of Timken in a research report on Friday, November 22nd. Jefferies Financial Group upgraded shares of Timken from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $95.00 in a research report on Friday, December 6th. DA Davidson cut their price objective on shares of Timken from $103.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Oppenheimer cut their price target 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. Finally, Morgan Stanley increased their price target on shares of Timken from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.60.

About Timken

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.