New insider activity at Timken Company ( (TKR) ) has taken place on February 25, 2025.
Director Richard Kyle has recently sold 10,380 shares of Timken Company stock, amounting to a total transaction value of $863,097.
Recent Updates on TKR stock
In the last 24 hours, Timken Company has experienced notable developments impacting its stock. Goldman Sachs raised its price target for Timken from $82 to $85, citing strong segment EBITDA performance, particularly in the Engineered Bearing and Industrial Motion segments, despite challenges in the European market. Timken’s recent earnings report revealed a slight decline in Q4 sales to $1.07 billion, affected by lower demand in Europe and unfavorable currency impacts, though acquisitions provided some offset. The company reported a Q4 diluted EPS of $1.01 and an adjusted EPS of $1.16, with a full-year adjusted EPS of $5.79, indicating a decline from the previous year. Despite these challenges, Timken’s free cash flow increased significantly, and strong performance in the Americas, driven by sectors like marine and rail, provided a positive outlook. Looking ahead, Timken anticipates continued economic challenges in 2025, projecting revenue declines and implementing cost reduction strategies to maintain resilience, while remaining optimistic about capitalizing on an industrial recovery.
More about Timken Company
YTD Price Performance: 16.32%
Average Trading Volume: 595,564
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.69B