TKR - Richard G Kyle Takes Money Off The Table Sells $4.47M In Timken Stock | Benzinga
A substantial insider sell was reported on May 6, by Richard G Kyle, President and CEO at Timken (NYSE:TKR), based on the recent SEC filing.
What Happened: Kyle's decision to sell 50,000 shares of Timken was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value of the sale is $4,470,300.
Timken's shares are actively trading at $89.66, experiencing a down of 0.0% during Tuesday's morning session.
Discovering Timken: A Closer Look
The Timken Company is a manufacturer of bearings, gear belts, industrial motion products and chain-related products. The company sells its portfolio of bearings, including tapered, spherical and cylindrical roller bearings, and thrust and ball bearings, through a network of authorized dealers to end users or directly to original equipment manufacturers. End-market sectors include general industrial, automotive, rail, energy, heavy truck, defense, agriculture, metals, mining, civil aerospace, construction, pulp and paper, and cement industries. Its segments are Engineered Bearings and Industrial Motion. Timken generates majority of its revenue in the United States of America.
Timken: A Financial Overview
Revenue Growth: Timken's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue ...