Yahoo Finance Insider Sale: EVP & CFO Philip Fracassa Sells 10,000 Shares of The Timken Co (TKR)
On May 6, 2024, Philip Fracassa, Executive Vice President and Chief Financial Officer of The Timken Co (NYSE:TKR), sold 10,000 shares of the company. The transaction was documented in a recent SEC Filing. This sale is part of a series of transactions over the past year, where the insider has sold a total of 20,000 shares.
The Timken Co, headquartered in North Canton, Ohio, is a global leader in engineered bearings and power transmission products. The company serves diverse markets, including aerospace, automotive, industrial, and mining sectors.
On the date of the sale, shares of The Timken Co were priced at $89.76, valuing the company at a market cap of $6.34 billion. The price-earnings ratio of the stock stood at 17.14, below the industry median of 23.64.
According to the GF Value assessment, The Timken Co is considered Fairly Valued with a price-to-GF-Value ratio of 1.08. The GF Value of $82.77 is derived from historical trading multiples, an adjustment factor based on past performance, and future business projections.
The insider transaction history for The Timken Co shows no insider purchases in the past year, but there have been 15 insider sales during the same period.
This insider activity and the current valuation metrics provide a snapshot of The Timken Co's financial landscape and insider confidence.
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.
This article first appeared on GuruFocus.
