Intel stock spikes after report of possible US government stake
Philip D. Fracassa, the Executive Vice President and Chief Financial Officer of Timken Co . (NYSE:TKR), recently sold 5,000 shares of the company’s common stock. The transaction took place on February 18, 2025, with the shares sold at a weighted average price of $83.40, totaling approximately $417,000. The sale occurred with the stock trading near its current price of $83.81, with InvestingPro analysis indicating the shares are currently in overbought territory.
Following this transaction, Fracassa maintains direct ownership of 101,483 shares in the company. The sale was executed in multiple trades, with prices ranging from $83.36 to $83.45. Fracassa has committed to providing detailed information regarding the number of shares and prices upon request to relevant parties, including the SEC staff, the issuer, or any security holder of the issuer. For investors seeking deeper insights, InvestingPro offers comprehensive analysis of TKR’s insider transactions and financial health metrics.
Timken Co., based in North Canton, Ohio, is known for its production of ball and roller bearings and operates under the ticker TKR on the New York Stock Exchange. The $5.9 billion market cap company has maintained dividend payments for 55 consecutive years and currently offers a 1.63% dividend yield. According to InvestingPro, which provides detailed analysis through its comprehensive Pro Research Report, the company shows strong financial health with liquid assets exceeding short-term obligations.
In other recent news, The Timken Company announced its 411th consecutive quarterly dividend, declaring a payment of 34 cents per share to be distributed in early March 2025. This consistency underscores Timken’s commitment to shareholder returns, marking a significant milestone since its listing in 1922. Timken reported sales of $4.6 billion in 2024 and employs approximately 19,000 people globally. In analyst updates, DA Davidson revised its price target for Timken to $97 from $99, maintaining a Buy rating despite noting challenges in organic growth, particularly in Europe. The analyst cited a positive outlook due to signs of recovery in renewable energy trends and cost reduction measures announced by the new CEO. Meanwhile, Citi raised its price target for Timken to $95 from $85, also maintaining a Buy rating. Citi’s analysis reflects a cautious view on organic growth and margin expectations but highlights potential improvements in the latter half of 2025. Timken’s management has emphasized cost control and structural improvements to maintain stable margins amid these developments.
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