Timken Co (TKR) Files Form 4 Insider Selling : Jacqueline F Woods Sells 1,250 Shares

Timken Co (TKR): Jacqueline F Woods , director of Timken Co sold 1,250 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $33.27 per share for a total value of $41,587.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 2, 2015, William R Burkhart (EVP, GC and Secretary) sold 45 shares at $32.16 per share price.On May 22, 2015, Ward J Jr Timken (director) sold 88,314 shares at $40.62 per share price.Also, On May 15, 2015, Jacqueline F Woods (director) sold 2,000 shares at $40.50 per share price.

Timken Co: On Friday, May 20, 2016 heightened volatility was witnessed in Timken Co which led to swings in the share price. The shares opened for trading at $32.65 and hit $32.84 on the upside , eventually ending the session at $32.57, with a gain of 0.56% or 0.18 points. The heightened volatility saw the trading volume jump to 4,23,089 shares. The 52-week high of the share price is $40.86 and the company has a market cap of $2,580 M . The 52-week low of the share price is at $22.22.

Timken Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Timken Co is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $34 .The Rating was issued on Apr 28, 2016.Timken Co is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 28, 2016.

The Timken Company (Timken) engineers manufactures and markets bearings transmissions gearboxes chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries which offers bearings seals lubrication devices and systems as well as power transmission components engineered chain augers and related products and maintenance services and Process Industries which provides industrial bearings and assemblies power transmission components such as gears and gearboxes couplings seals lubricants chains and related products and services. The Company’s industrial brands include Timken Fafnir Philadelphia Gear Drives and Interlube. The Company sells products and services to the following market sectors: industrial equipment construction agriculture rail aerospace and defense automotive heavy truck and energy.

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