Timken Insiders Sold US$16m Of Shares Suggesting Hesitancy
Timken Insiders Sold US$16m Of Shares Suggesting Hesitancy
The fact that multiple The Timken Company (NYSE:TKR) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When evaluating insider transactions, knowing whether insiders are buying is usually more beneficial than knowing whether they are selling, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
过去一年铁姆肯公司(NYSE:TKR)有多名内部人士出售了大量股份，这可能会引起投资者的关注。在评估内部交易时，了解内部人员是否买入通常比了解他们是否卖出更有益，因为后者可能会有多种解读。然而，如果有多名内部人士在特定时间段内出售股票，股东应该进一步审视。
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
虽然我们不认为股东应该简单地跟随内部交易，但完全忽略内部交易将是愚蠢的。
The Last 12 Months Of Insider Transactions At Timken
铁姆肯的内部交易最近12个月情况
The President, Richard Kyle, made the biggest insider sale in the last 12 months. That single transaction was for US$4.5m worth of shares at a price of US$90.21 each. So what is clear is that an insider saw fit to sell at around the current price of US$82.35. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
在过去的12个月中，总裁Richard Kyle进行了最大规模的内部交易。那次交易的规模为450万美元，单价为90.21美元/股。因此，显然有个内部人士认为以当前的82.35美元的价格进行出售是合适的。尽管内部人士出售股票是一件负面的事情，但对我们来说，如果以低于市价的价格出售股票，那将会更加负面。在本例中，这次大交易发生在接近市价的时候，所以它并不是太糟糕（但仍然不乐观）。
Insiders in Timken didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
铁姆肯的内部人士没有在过去一年中购买任何股票。您可以在下面的图表中看到过去一年内部交易的情况（按公司和个人分类）。如果单击图表，您可以查看所有的个人交易，包括股价、个人和日期！
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
对于那些喜欢发现潜力股票的人，可以免费查看最新内部交易股票的小盘公司名单，这可能正是您要找的机会。
Insiders At Timken Have Sold Stock Recently
铁姆肯内部人士最近卖出了股票
The last three months saw significant insider selling at Timken. In total, insiders sold US$9.9m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
在过去的三个月中，铁姆肯的内部人士大量卖出了股票。总共有内部人士在此期间出售了价值990万美元的股票，而且我们并没有记录到任何购买行为。这可能表明一些内部人士认为股票不便宜。
Insider Ownership
内部人员持股情况
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Timken insiders own about US$337m worth of shares (which is 5.8% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
对于普通股东来说，了解公司内部人员持有多少股份是很有价值的。通常情况下，内部股权越高，内部人员就越有动力为长期发展建设公司。铁姆肯的内部人士持有约3.37亿美元的股份（占公司的5.8%）。大多数股东会很高兴看到这种内部股权持有情况，因为这表明管理层的激励与其他股东是一致的。
So What Does This Data Suggest About Timken Insiders?
那么，这些数据对铁姆肯内部人员有什么暗示呢？
Insiders haven't bought Timken stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for Timken you should know about.
内部人员在过去三个月没有购买铁姆肯的股票，但有一些内部卖出。过去一年中也没有任何购买给我们带来信心。尽管内部人员在公司拥有大量股份（这是好事），但我们对他们的交易分析并没有给我们带来对公司的信心。这些内部交易可以帮助我们建立关于股票的论据，但了解这家公司面临的风险也是有价值的。每家公司都有风险，我们已经发现铁姆肯有2个风险警示信号，您应该了解。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
当然，您可能会在其他地方找到一项出色的投资。因此，请查看此免费的有趣公司列表。
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.
对于本文而言，内部人是指向相关监管机构报告其交易的个人。我们目前仅考虑公开市场交易和直接利益的私人处置，但不包括衍生交易或间接利益。
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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.
对本文有反馈？关于内容有所顾虑？直接和我们联系。或者，发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论，只使用公正的方法论，我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议，也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意，我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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