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Hansal N. Patel, the Executive Vice President, General Counsel, and Secretary at Timken Co . (NYSE:TKR), a $5.9 billion industrial components manufacturer with a solid financial health score according to InvestingPro, has recently sold a significant portion of the company’s stock. According to a recent SEC filing, Patel sold 2,500 shares of common stock on February 18, 2025. The shares were sold at an average price of $83.83, with the transaction totaling approximately $209,575. Technical indicators from InvestingPro suggest the stock is currently in overbought territory, trading near its Fair Value.
Following this sale, Patel retains ownership of 27,430 shares in Timken. The transaction was executed in multiple trades, with prices ranging from $83.82 to $83.88 per share. This move comes as part of Patel’s ongoing management of his investment portfolio within the company, which has maintained dividend payments for 55 consecutive years and currently offers a 1.63% yield. Discover more insights about TKR’s valuation and growth potential in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, The Timken Company has declared its 411th consecutive quarterly dividend, maintaining a payout of 34 cents per share, set for March 7, 2025. This announcement continues Timken’s long tradition of consistent shareholder returns. Meanwhile, Citi analyst Kyle Menges has increased Timken’s stock price target to $95, up from $85, while maintaining a Buy rating. Despite adjusting the anticipated earnings per share for 2025 to $5.60 from $5.90, Menges noted positive indicators such as stable inventory levels and improvements in China’s wind energy market.
Conversely, DA Davidson’s Michael Shilsky has reduced Timken’s price target slightly to $97 from $99, but still holds a Buy rating. Shilsky pointed out challenges in organic growth, particularly in Europe, but also noted potential recovery in renewable energy trends. Timken’s new CEO has announced cost reductions expected to enhance earnings, with guidance suggesting growth in free cash flow for 2025. Both analysts emphasize the company’s strong free cash flow generation and strategic adjustments as Timken navigates current market conditions.
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