Timken Insiders Sell US$5.6m Of Stock, Possibly Signalling Caution
Timken Insiders Sell US$5.6m Of Stock, Possibly Signalling Caution
In the last year, many The Timken Company (NYSE:TKR) insiders sold a substantial stake in the company which may have sparked shareholders' attention. When evaluating insider transactions, knowing whether insiders are buying versus if they selling is usually more beneficial, as the latter can be open to many interpretations. However, if numerous insiders are selling, shareholders should investigate more.
去年,铁姆肯公司(纽约证券交易所代码:TKR)的许多内部人士出售了该公司的大量股份,这可能引起了股东的关注。在评估内幕交易时,了解内部人士是买入还是卖出通常更有利,因为后者可能有多种解释。但是,如果有许多内部人士出售,股东应该进行更多调查。
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
尽管我们认为股东不应简单地关注内幕交易,但我们确实认为密切关注内部人士的所作所为是完全合乎逻辑的。
Timken Insider Transactions Over The Last Year
铁姆肯公司去年的内幕交易
In the last twelve months, the biggest single sale by an insider was when the President, Richard Kyle, sold US$1.8m worth of shares at a price of US$77.21 per share. That means that even when the share price was below the current price of US$86.30, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 6.3% of Richard Kyle's holding.
在过去的十二个月中,内部人士最大的一次出售是总裁理查德·凯尔以每股77.21美元的价格出售了价值180万美元的股票。这意味着,即使股价低于当前的86.30美元,内部人士也想套现一些股票。如果内部人士一直在卖出,特别是如果他们卖出低于当前价格,我们通常认为这是负面的,因为这意味着他们认为较低的价格是合理的。但是,尽管内幕销售有时令人沮丧,但这只是一个微弱的信号。值得注意的是,此次出售仅占理查德·凯尔持股量的6.3%。
Timken insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
铁姆肯内部人士去年没有购买任何股票。您可以看到下图所示的去年的内幕交易(公司和个人)。通过点击下面的图表,你可以看到每笔内幕交易的确切细节!
![insider-trading-volume](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240310/0-341cd8e60bec77d420c560ed3b86b269-0-d9d0fee7b3b3b6ee9d7b2f56bcb64dc2.png/big)
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
如果你像我一样,那么你不会想错过这份业内人士正在收购的成长型公司的免费名单。
Insider Ownership
内部所有权
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Timken insiders own 4.9% of the company, worth about US$297m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
测试公司领导者与其他股东之间一致性的另一种方法是查看他们拥有多少股份。我认为,如果内部人士拥有该公司的大量股份,这是一个好兆头。很高兴看到铁姆肯内部人士拥有该公司4.9%的股份,价值约2.97亿美元。大多数股东会很高兴看到这种内部所有权,因为这表明管理层的激励措施与其他股东非常一致。
So What Do The Timken Insider Transactions Indicate?
那么,铁姆肯公司内幕交易表明了什么?
It doesn't really mean much that no insider has traded Timken shares in the last quarter. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Timken insiders selling. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 1 warning sign for Timken you should know about.
上个季度没有内部人士交易铁姆肯公司的股票,这并不意味着什么。很高兴看到高水平的内部所有权,但回顾去年,我们并没有从铁姆肯内部人士的抛售中获得信心。虽然我们喜欢了解内部人士的所有权和交易情况,但在做出任何投资决策之前,我们一定要考虑股票面临的风险。每家公司都有风险,我们发现了一个你应该知道的铁姆肯警告信号。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
当然,通过寻找其他地方,你可能会找到一笔不错的投资。因此,来看看这份有趣的公司的免费清单吧。
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
就本文而言,内部人士是指向相关监管机构报告其交易的个人。我们目前只考虑公开市场交易和私下处置的直接利益,不包括衍生品交易或间接权益。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。