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Tuesday, September 26, 2023

Momentum Is Strong For The Timken Company (NYSE: TKR)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for The Timken Company (TKR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.40, or -1.90%, to $72.40. The The Timken Company has recorded 26,841 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Timken to Participate in the DA Davidson Diversified Industrials & Services Conference.

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Stocks Info

This NYSE-listed company operates within the Tools & Accessories industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $73.80 and fluctuated between $74.40 as its day high and $72.56 as its day low. The current market capitalization of The Timken Company is $5.23B. A total of 0.57 million shares were traded on the day, compared to an average of 608.85K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, TKR has seen 2 BUY and 8 SELL insider trades, representing the acquisition of 80,000 and the disposition of 114,000 shares. Over the last 12 months, there were 68 BUYs and 82 SELLs from insiders. Insiders purchased 751,644 shares during that period but sold 612,727.

In the most recent transaction, Coughlin Christopher A sold 10,000 shares of TKR for 75.05 per share on Aug 25. After the transaction, the EVP & Pres. Industrial Motion now owns 92,117 company shares. In a previous transaction on Aug 23, Kyle Richard G sold 20,000 shares at 75.46 per share. TKR shares that President and CEO owns now total 339,082.

Among the insiders who sold shares, Fracassa Philip D. disposed of 5,000 shares on Aug 23 at a per-share price of $75.45. This resulted in the EVP & CFO holding 93,868 shares of TKR after the transaction. In another insider transaction, Patel Hansal N. sold 789 shares at $75.15 per share on Aug 23. Company shares held by the VP, GC, and Secretary now total 12,084.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. The Timken Company pays an annual dividend of $1.32, resulting in a dividend yield of 1.79%, and it has a price to earnings (P/E) ratio of 12.49. TKR’s most recent ex-dividend date was 8/14/2023 when it declared a $0.33 quarterly dividend that was paid in cash on 8/28/2023. Previously, the company paid the dividend on 5/30/2023 with an ex-dividend date of 5/15/2023. The TKR stock dividend was $0.33 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TKR in the last 3 months, the mean price target is $96.70 with high estimates of $120.00 and low estimates of $82.00. In terms of 52-week highs and lows, TKR has a high of $95.08 and a low of $58.35.

As of this writing, TKR has an earnings estimate of $1.6 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $1.65 per share and a lower estimate of $1.56. The company reported an EPS of $2.09 in the last quarter, which was 10.60% higher than expectations of $1.89.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TKR’s latest balance sheet shows that the firm has $257.10M in Cash & Short Term Investments as of fiscal 2021. There were $1.54B in debt and $896.60M in liabilities at the time. Its Book Value Per Share was $35.21, while its Total Shareholder’s Equity was $2.38B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TKR is Buy with a score of 4.25.

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