On August 8, 2024, Richard Kyle, President and CEO of The Timken Co (NYSE:TKR), sold 30,000 shares of the company at a price of $80.46 per share. This transaction was filed with the SEC and can be viewed in detail in the SEC filing. Following this sale, the insider now owns 244,485 shares of The Timken Co.
Timken Co, trading under the symbol TKR, is a global leader in engineered bearings and power transmission products and services. The company’s offerings keep the world moving with products that are essential to the smooth operation of many types of machinery.
Over the past year, Richard Kyle has sold a total of 216,379 shares and purchased no shares of the company. This latest transaction is part of a broader trend observed over the past year, when there were 14 insider sales and no insider purchases at The Timken Co.
The Timken Co’s shares were trading at $80.46 on the day of the sale, giving the company a market capitalization of approximately $5.632 billion. The company’s price-to-earnings ratio is 16.45, which is below the industry average of 21.62.
According to GF Value, The Timken Co’s estimated intrinsic value is $80.66, suggesting the stock is fairly valued at a Price to GF Value ratio of 1. GF Value is calculated by considering historical trading multiples, a GuruFocus adjustment factor based on past earnings and growth, and future business performance estimates from analysts.
This insider sale could be of interest to investors who follow insider behavior as an indicator of the company’s future prospects and valuation. Timken Co continues to be a significant player in its industry, with stable finances and a market valuation that reflects its current business condition.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
