Intel stock spikes after report of possible US government stake
Richard G. Kyle, a director at Timken Co (NYSE:TKR), recently sold 10,380 shares of the company’s common stock. The transactions, executed on February 21, 2025, were carried out at prices ranging from $82.49 to $83.42 per share, with a weighted average sale price of $83.15. The total value of the shares sold amounted to approximately $863,097. Following this transaction, Kyle holds 175,649 shares directly. According to InvestingPro analysis, Timken appears undervalued at current levels, with analysts setting price targets between $77 and $97. Timken Co is known for its production of ball and roller bearings and is based in North Canton, Ohio. The $5.6 billion market cap company has maintained dividend payments for 55 consecutive years and boasts strong financials with a current ratio of 3.07. InvestingPro subscribers can access detailed analysis and 12+ additional key insights about Timken’s financial health and growth prospects through the comprehensive Pro Research Report.
In other recent news, Timken Company has declared a quarterly cash dividend of 34 cents per share, marking its 411th consecutive quarterly dividend. This long-standing tradition underscores the company’s commitment to shareholder returns. Timken reported sales of $4.6 billion in 2024, with operations in 45 countries. Meanwhile, DA Davidson has adjusted Timken’s price target to $97, down from $99, but maintained a Buy rating. The adjustment follows challenges in organic growth due to market conditions in Europe, though renewable energy trends show signs of recovery.
The company’s new CEO has announced cost reduction measures expected to boost earnings. Timken continues to generate strong free cash flow, with projections indicating growth in 2025. Citi analyst Kyle Menges has raised the price target for Timken to $95 from $85, maintaining a Buy rating. Menges revised the 2025 EPS estimate to $5.60, citing conservative growth projections and margin expectations, but noted positive signs in inventory levels and market stabilization.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.