On November 12, 2024, Richard Kyle, Director of The Timken Co (TKR, Financial), executed a sale of 32,764 shares of the company at a price of $75.08 per share. This transaction was documented in an SEC Filing. Following this sale, the insider now owns 161,721 shares of The Timken Co.
The Timken Co, listed under the symbol TKR, is a global leader in engineered bearings and power transmission products and services. The company's offerings help the world turn, with products that are essential in the smooth operation of industries ranging from automotive to aerospace.
Over the past year, Richard Kyle has sold a total of 222,764 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed over the past year at The Timken Co, where there have been no insider buys but 10 insider sells.
Shares of The Timken Co were trading at $75.08 on the day of the sale, giving the company a market cap of approximately $5.26 billion. The price-earnings ratio of the company stands at 15.58, which is below the industry median of 24.99.
The stock's valuation according to the GF Value is $79.94, indicating that at a price of $75.08, The Timken Co is Fairly Valued. The GF Value is a proprietary measure used to determine the fair value of a stock based on historical trading multiples, an adjustment factor based on past performance, and future business expectations.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of confidence in the company's current valuation and future business prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
