Intel stock spikes after report of possible US government stake
CANTON, OH—Richard G. Kyle, a director at Timken Co . (NYSE:TKR), recently executed a significant stock transaction, selling 15,000 shares of the company’s common stock. The sale, executed on February 25, 2025, was conducted at an average price of $79.20 per share, amounting to a total transaction value of approximately $1.19 million. According to InvestingPro analysis, Timken currently appears undervalued, with the company maintaining dividend payments for 55 consecutive years and showing strong financial health with a current ratio of 3.07.
In addition to the sale, the filing details a series of transactions on February 24, 2025, where Kyle acquired shares through the exercise of restricted share units. These acquisitions did not involve any cash transactions, as the shares were acquired at no cost. However, Kyle also disposed of shares to cover tax obligations, with these shares valued at $83.29 each, totaling $120,437. The company maintains strong profitability metrics, with a return on equity of 13% and an EBITDA of $834.3 million in the last twelve months.
Following these transactions, Kyle’s direct ownership stands at 160,263 shares. The company, based in North Canton, Ohio, specializes in manufacturing ball and roller bearings. Get deeper insights into Timken’s valuation and 12+ additional exclusive ProTips with a InvestingPro subscription, including comprehensive analysis of the company’s financial health and future prospects.
In other recent news, Timken Company reported its fourth-quarter earnings for 2024, highlighting challenges in organic growth due to market conditions in Europe. Despite these challenges, DA Davidson analyst Michael Shilsky maintained a Buy rating on the stock but adjusted the price target from $99 to $97. Shilsky noted that trends in the renewable energy sector are showing signs of recovery, which may positively impact future growth. Additionally, Timken’s new CEO has announced cost reduction measures expected to boost earnings. The company is known for its strong free cash flow generation and anticipates growth in this area for 2025. Meanwhile, Citi analyst Kyle Menges raised the price target for Timken shares to $95 from $85, maintaining a Buy rating. Menges revised the adjusted earnings per share estimate for 2025 to $5.60, down from $5.90, citing conservative projections for organic growth and margin expectations. However, Timken’s management remains focused on cost control and structural improvements to stabilize margins throughout 2025.
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