Timken Company (The) (NYSE:TKR) dropped slightly amid mild profit booking and the last known price was $33.06 per share. The price decreased by -0.38 points or -1.14% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $0.41 million. The total upticks were valued at $0.73 million and the total downticks aggregated to $0.32 million, thereby putting the up/down ratio at 2.3,. The shares have seen a change in the share price of -1.49% on a weekly basis.In a big block trade which occurred today, the total uptick value was $0.71 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $0.71 million.
Currently the company Insiders own 10.3% of Timken Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.23% . Institutional Investors own 76.83% of Timken Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -17.23%. On the companys insider trading activities, The director, of Timken Co, Woods Jacqueline F had unloaded 2,500 shares at $33.74 per share in a transaction on May 31, 2016. The total value of transaction was $84,350. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Timken Company (The) (NYSE:TKR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.53 points or 1.58% at $32.91 with 448,576 shares getting traded. Post opening the session at $33.37, the shares hit an intraday low of $32.89 and an intraday high of $33.5 and the price was in this range throughout the day. The company has a market cap of $2,607 million and the number of outstanding shares have been calculated to be 79,222,802 shares. The 52-week high of Timken Company (The) (NYSE:TKR) is $38.79 and the 52-week low is $22.22.
Many analysts have stated their opinion on the company shares. Topeka Capital initiates coverage on Timken Company (The) (NYSE:TKR).The analysts at the brokerage house have a current rating of Hold on the shares. The rating by the firm was issued on May 26, 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 Companys 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.