Today, a Director at Timken Company (NYSE: TKR), Frank Sullivan, bought shares of TKR for $89.7K.
Following Frank Sullivan’s last TKR Buy transaction on August 09, 2011, the stock climbed by 15.5%. This recent transaction increases Frank Sullivan’s holding in the company by 4.45% to a total of $2.17 million.
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Based on Timken Company’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $883 million and quarterly net profit of $80.2 million. In comparison, last year the company earned revenue of $704 million and had a net profit of $38.2 million. TKR’s market cap is $3.59B and the company has a P/E ratio of 15.13. Currently, Timken Company has an average volume of 679.1K.
10 different firms, including Avondale and B.Riley FBR, currently also have a Buy rating on the stock.
The insider sentiment on Timken Company has been negative according to 42 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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The Timken Co. engages in the engineering, manufacture and marketing of bearings, transmissions, gearboxes, belts, chain, lubrication systems, couplings, industrial clutches and brakes, and related products. It operates through the Mobile Industries and Process Industries segments.
