New insider activity at Timken Company ( (TKR) ) has taken place on February 21, 2025.
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In recent transactions involving Timken Company stock, Director Richard Kyle sold 27,001 shares amounting to $2,230,082. Additionally, EVP & CFO Philip Fracassa parted with 5,000 shares for $417,000, and EVP, GC & Sec Hansal N. Patel sold 2,500 shares worth $209,575.
Recent Updates on TKR stock
In the past 24 hours, Timken Company has seen a slight increase in its price target, raised from $82 to $85 by Goldman Sachs. This adjustment is attributed to Timken’s robust performance in its Engineered Bearing and modest gains in the Industrial Motion segments, despite ongoing challenges in Europe and unfavorable currency impacts. The company’s recent Q4 earnings report highlighted a decrease in sales and adjusted EPS, driven by lower demand in Europe and Asia Pacific, with some offset from acquisitions like CGI contributing positively. Timken’s management has outlined strategic cost-saving measures and a conservative outlook for 2025, focusing on efficiency and operational resilience to navigate the economic headwinds. Despite these challenges, the company remains optimistic about long-term growth, leveraging strong performance in the Americas and strategic initiatives aimed at enhancing shareholder value.
More about Timken Company
YTD Price Performance: 19.10%
Average Trading Volume: 598,069
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.85B