Are Things Looking Up For Timken Co. (NYSE: TKR)?

After Hours

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.

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Stocks Info

The company is listed on the NYSE and operates within the Tools & Accessories industry segment. The current market capitalization of Timken Co. is $6.14B. A total of 0.74 million shares were traded on the day, compared to an average of 538.20K shares.

In the most recent transaction, Fracassa Philip D. sold 5,000 shares of TKR for 74.03 per share on Nov 14 ’23. After the transaction, the EVP & CFO now owns 88,868 company shares. In a previous transaction on Aug 25 ’23, Coughlin Christopher A sold 10,000 shares at 75.05 per share. TKR shares that EVP & Pres. Industrial Motion owns now total 92,117.

Among the insiders who sold shares, Kyle Richard G disposed of 20,000 shares on Aug 23 ’23 at a per-share price of $75.46. This resulted in the President and CEO holding 339,082 shares of TKR after the transaction. In another insider transaction, Fracassa Philip D. sold 5,000 shares at $75.45 per share on Aug 23 ’23. Company shares held by the EVP & CFO now total 93,868.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Timken Co. pays an annual dividend of $1.32, resulting in a dividend yield of 1.51%, and it has a price to earnings (P/E) ratio of 16.69. TKR’s most recent ex-dividend date was 2/16/2024 when it declared a $0.33 quarterly dividend that was paid in cash on 3/6/2024. Previously, the company paid the dividend on 11/29/2023 with an ex-dividend date of 11/13/2023. The TKR stock dividend was $0.33 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, TKR has a high of $95.08 and a low of $65.71.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TKR’s latest balance sheet shows that the firm has $257.10M in Cash & Short Term Investments as of fiscal 2021. There were $1.57B in debt and $896.60M in liabilities at the time. Its Book Value Per Share was $36.82, while its Total Shareholder’s Equity was $2.38B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock.

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