Timken Co (TKR): Jacqueline F Woods , director of Timken Co sold 2,500 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $33.74 per share for a total value of $84,350.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Jacqueline F Woods (director) sold 1,250 shares at $33.27 per share price.On Dec 2, 2015, William R Burkhart (EVP, GC and Secretary) sold 45 shares at $32.16 per share price.Also, On May 22, 2015, Ward J Jr Timken (director) sold 88,314 shares at $40.62 per share price.
Shares of Timken Co (TKR) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.24 points or -0.71% at $33.44 with 5,79,878 shares getting traded. Post opening the session at $33.59, the shares hit an intraday low of $33.26 and an intraday high of $33.9 and the price vacillated in this range throughout the day. The company has a market cap of $2,649 M and the number of outstanding shares has been calculated to be 7,92,22,802 shares. The 52-week high of Timken Co is $40.64 and the 52-week low is $22.22.
Company has been under the radar of several Street Analysts.Timken Co is Initiated by Topeka Capital Markets to Hold and the brokerage firm has set the Price Target at $35. The Rating was issued on May 26, 2016.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 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.