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Philip D. Fracassa, Executive Vice President and Chief Financial Officer of Timken Co . (NYSE:TKR), a company currently valued at $5.8 billion with a solid financial health score according to InvestingPro, has reported a sale of 5,000 shares of the company’s common stock. The shares were sold on February 7 at a weighted average price of $81.50, amounting to a total transaction value of $407,500. Following this transaction, Fracassa holds 90,541 shares directly. The stock, which has maintained dividend payments for 54 consecutive years and currently offers a 1.67% yield, appears slightly undervalued based on InvestingPro’s Fair Value analysis.
In addition to the sale, Fracassa acquired 2,025 shares on February 8 and 1,869 shares on February 9 through the vesting of time-based restricted share units. These acquisitions were recorded at no cost, increasing his total holdings to 93,871 shares. However, on the same days, Fracassa disposed of 564 and 597 shares, respectively, at $81.15 per share to cover tax obligations, resulting in a total transaction value of $94,215 for these disposals. For deeper insights into Timken’s financial health, valuation metrics, and additional ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Timken has been the focus of various analysts’ reports. DA Davidson has cut the price target for Timken to $97 while maintaining a Buy rating. The firm’s analyst, Michael Shilsky, pointed out challenges in organic growth, particularly due to European market conditions. However, he also noted positive signs in the renewable-energy sector and expects Timken’s free cash flow to grow in 2025. In response to these challenges, Timken’s CEO has implemented cost reductions expected to enhance earnings.
Meanwhile, Citi has raised Timken’s stock price target to $95, also maintaining a Buy rating. Analyst Kyle Menges adjusted the anticipated earnings per share for 2025 to $5.60, down from the earlier estimate of $5.90, due to more conservative projections for organic growth and a slight decrease in margin expectations. However, Timken’s management team expects some improvement in these trends during the second half of the year.
BofA Securities upgraded Timken’s stock rating from Underperform to Neutral and increased the price target to $78. The adjustments follow a period of contrasting performance for the company, with signs of improvement in U.S. industrial activity. The firm, however, remains cautious due to uncertainties surrounding tariffs. These are some of the recent developments concerning Timken.
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