TKR - Sell Alert: Richard G Kyle Cashes Out $2.77M In Timken Stock | Benzinga
On May 15, a recent SEC filing unveiled that Richard G Kyle, President and CEO at Timken (NYSE:TKR) made an insider sell.
What Happened: Kyle's decision to sell 30,000 shares of Timken was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the sale is $2,771,250.
Monitoring the market, Timken's shares down by 0.78% at $92.37 during Thursday's morning.
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's Economic Impact: An Analysis
Decline in Revenue: Over the 3 months period, Timken faced challenges, resulting in a decline of approximately -5.74% in revenue growth as of 31 March, 2024. ...