Taking a look at what insiders are doing to gauge the The Timken Company (TKR)’s direction


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. The Timken Company shares valued at $2,135,581 were sold by Kyle Richard G on Feb 27. At $85.97 per share, Kyle Richard G sold 24,841 shares. The insider’s holdings dropped to 383,082 shares worth approximately $33.04 million following the completion of this transaction.

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Also, Kyle Richard G sold 23,859 shares, netting a total of over 2,039,944 in proceeds. Following the sale of shares at $85.50 each, the insider now holds 383,082 shares.

Before that, Fracassa Philip D. had sold 19,451 shares from its account. In a trade valued at $1,668,312, the EVP & CFO traded The Timken Company shares for $85.77 each. Upon closing the transaction, the insider’s holdings decreased to 19,451 shares, worth approximately $8.53 million.

As published in a research note from BofA Securities on January 13, 2023, The Timken Company [TKR] has been rated up from a Neutral to a Buy and the price target has been revised to $87 from $71. This represents a 0.85% premium over Wednesday’s closing price. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of February 15, 2022, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for TKR. Earlier on January 07, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for TKR stock which previously was a “a Buy”.

Analyzing TKR Stock Performance

On Wednesday, The Timken Company [NYSE: TKR] rose 0.95% to $86.26. The stock’s lowest price that day was $85.01, but it reached a high of $87.12 in the same session. During the last five days, there has been a surge of approximately 0.65%. Over the course of the year, The Timken Company shares have jumped approximately 22.06%. Shares of the company reached a 52-week high of $87.86 on 02/15/23 and a 52-week low of $68.93 on 01/03/23. A 50-day SMA is recorded $78.63, while a 200-day SMA reached $67.60. Nevertheless, trading volume fell to 0.51 million shares from 0.74 million shares the previous day.

Support And Resistance Levels for The Timken Company (TKR)

According to the 24-hour chart, there is a support level at 85.14, which, if violated, would cause prices to drop to 84.02. In the upper region, resistance lies at 87.25. The next price resistance is at 88.24. RSI (Relative Strength Index) is 60.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 31.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is The Timken Company subject to short interest?

Stocks of The Timken Company saw a sharp steep in short interest on Jan 12, 2023 dropping by -0.32 million shares to 1.37 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 1.69 million shares. A decline of -23.36% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.83 of the overall float, the days-to-cover ratio (short ratio) decline to 2.83.

Which companies own the most shares of The Timken Company (TKR)?

According to The Vanguard Group, Inc. filings, the company currently owns 6,438,739 shares, which is about 8.85% of the total TKR shares outstanding. The investor’s shares have appreciated by 80,863 from its previous 13-F filing of 6357876.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $478,489,158. JPMorgan Investment Management, I reduced a -1.32% interest valued at $229.75 million while Dimensional Fund Advisors LP sold a -66,088 stake. A total of -62,893 shares of The Timken Company were sold by EARNEST Partners LLC during the quarter, and 47,535 were bought by SSgA Funds Management, Inc. In its current portfolio, Thrivent Asset Management LLC holds 1,851,721 shares valued at $152.49 million.

In terms of The Timken Company share price expectations, FactSet research, analysts set an average price target of $95.27 in the next 12 months, up nearly 11.18% from the previous closing price of $85.45. Analysts anticipate The Timken Company stock to reach $122.00 by 2023, with the lowest price target being $79.00. In spite of this, 11 analysts ranked The Timken Company stock as an Overweight at the end of 2023. On December 13, 2021, Goldman assigned a price target of “a Neutral” to the stock and downgraded coverage with a $73.


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