On August 15, 2024, Richard Kyle, President and CEO of The Timken Co (NYSE:TKR), sold 20,000 shares of the company. The transaction was documented in an SEC filing. Following this sale, the insider now owns 224,485 shares of The Timken Co.
Timken Co., a global leader in engineered bearings and motion control products, serves a variety of markets, including aerospace, automotive and industrial. The company’s commitment to innovation and quality gives it a competitive edge in technology-driven manufacturing.
The Timken Co’s share price was $83.4 on the day of the sale. The company’s market capitalization is around $5.87 billion. Its price-to-earnings ratio is 17.16, which is lower than the industry average of 21.855, suggesting that the stock may be undervalued compared to its peers.
The Timken Co’s GF Value is $80.53, which suggests the stock is fairly valued with a Price to GF Value ratio of 1.04. This valuation is derived from historical trading multiples, an adjustment factor based on past performance, and future business projections.
Over the past year, Richard Kyle has sold a total of 180,000 shares and made no purchases. The broader insider activity for The Timken Co shows a trend of 14 insider sales and no insider purchases over the same period.
This trend of insider selling could be of interest to investors because it provides insight into the perspective of those most familiar with the company’s operations and market conditions.
For more detailed information on The Timken Co’s finances and insider transactions, investors should review the company’s official filings with the SEC and company reports.
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.
