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,鐵姆肯公司(紐約證券交易所代碼:TKR)的許多內部人士出售了該公司的大量股份,這可能引起了股東的關注。在評估內幕交易時,了解內部人士是買入還是賣出通常更有利,因爲後者可能有多種解釋。但是,如果有許多內部人士出售,股東應該進行更多調查。
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.
儘管我們認爲股東不應簡單地關注內幕交易,但我們確實認爲密切關注內部人士的所作所爲是完全合乎邏輯的。
Timken Insider Transactions Over The Last Year
鐵姆肯公司去年的內幕交易
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.
在過去的十二個月中,內部人士最大的一次出售是總裁理查德·凱爾以每股77.21美元的價格出售了價值180萬美元的股票。這意味着,即使股價低於當前的86.30美元,內部人士也想套現一些股票。如果內部人士一直在賣出,特別是如果他們賣出低於當前價格,我們通常認爲這是負面的,因爲這意味着他們認爲較低的價格是合理的。但是,儘管內幕銷售有時令人沮喪,但這只是一個微弱的信號。值得注意的是,此次出售僅佔理查德·凱爾持股量的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!
鐵姆肯內部人士去年沒有購買任何股票。您可以看到下圖所示的去年的內幕交易(公司和個人)。通過點擊下面的圖表,你可以看到每筆內幕交易的確切細節!
![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.
如果你像我一樣,那麼你不會想錯過這份業內人士正在收購的成長型公司的免費名單。
Insider Ownership
內部所有權
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.
測試公司領導者與其他股東之間一致性的另一種方法是查看他們擁有多少股份。我認爲,如果內部人士擁有該公司的大量股份,這是一個好兆頭。很高興看到鐵姆肯內部人士擁有該公司4.9%的股份,價值約2.97億美元。大多數股東會很高興看到這種內部所有權,因爲這表明管理層的激勵措施與其他股東非常一致。
So What Do The Timken Insider Transactions Indicate?
那麼,鐵姆肯公司內幕交易表明了什麼?
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.
上個季度沒有內部人士交易鐵姆肯公司的股票,這並不意味着什麼。很高興看到高水平的內部所有權,但回顧去年,我們並沒有從鐵姆肯內部人士的拋售中獲得信心。雖然我們喜歡了解內部人士的所有權和交易情況,但在做出任何投資決策之前,我們一定要考慮股票面臨的風險。每家公司都有風險,我們發現了一個你應該知道的鐵姆肯警告信號。
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
當然,通過尋找其他地方,你可能會找到一筆不錯的投資。因此,來看看這份有趣的公司的免費清單吧。
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,內部人士是指向相關監管機構報告其交易的個人。我們目前只考慮公開市場交易和私下處置的直接利益,不包括衍生品交易或間接權益。
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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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。