On May 6, 2024, Philip Fracassa, Executive Vice President and Chief Financial Officer of The Timken Co (TKR, Financial), 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.
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