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TKR Timken

The Timken Company designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, Timken continuously improves the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $3.8 billion in sales in 2019 and employs more than 17,000 people globally, operating from 42 countries.

Company profile

Ticker
TKR
Exchange
Website
CEO
Ward Timken
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
340577130

TKR stock data

(
)

Calendar

28 Apr 21
1 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Timken earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 303.1M 303.1M 303.1M 303.1M 303.1M 303.1M
Cash burn (monthly) 6M 7.58M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 24.34M 30.73M n/a n/a n/a n/a
Cash remaining 278.76M 272.37M n/a n/a n/a n/a
Runway (months of cash) 46.5 36.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 May 21 Woods Jacqueline F Common Stock Sell Dispose S No No 87.22 2,300 200.61K 18,088
18 May 21 Kyle Richard G Common Stock Sell Dispose S No No 89.56 2,012 180.19K 296,388
18 May 21 Kyle Richard G Common Stock Sell Dispose S No No 88.93 35,623 3.17M 298,400
18 May 21 Kyle Richard G Common Stock Payment of exercise Dispose F No No 89.69 10,115 907.21K 334,023
18 May 21 Kyle Richard G Common Stock Option exercise Aquire M No No 45.35 47,750 2.17M 344,138
18 May 21 Kyle Richard G Employee Stock Option Common Stock Option exercise Dispose M No No 45.35 47,750 2.17M 70,000
14 May 21 Karl Andreas Roellgen Common Stock Payment of exercise Dispose F No No 88.74 3,612 320.53K 55,104
14 May 21 Karl Andreas Roellgen Common Stock Option exercise Aquire M No No 27.75 11,550 320.51K 58,716
14 May 21 Karl Andreas Roellgen Common Stock Payment of exercise Dispose F No No 88.63 3,289 291.5K 47,166
14 May 21 Karl Andreas Roellgen Common Stock Option exercise Aquire M No No 41.79 6,975 291.49K 50,455

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

78.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 374 391 -4.3%
Opened positions 48 78 -38.5%
Closed positions 65 31 +109.7%
Increased positions 133 119 +11.8%
Reduced positions 143 150 -4.7%
13F shares
Current Prev Q Change
Total value 4.85B 4.71B +3.1%
Total shares 59.69M 60.81M -1.9%
Total puts 147.6K 75.2K +96.3%
Total calls 65.1K 177.5K -63.3%
Total put/call ratio 2.3 0.4 +435.2%
Largest owners
Shares Value Change
Vanguard 6.47M $525.44M +3.8%
BLK Blackrock 6.03M $489.14M +8.6%
Dimensional Fund Advisors 2.74M $222.59M -12.4%
Earnest Partners 2.33M $189.37M +5.1%
JPM JPMorgan Chase & Co. 2.33M $188.98M +223.7%
BEN Franklin Resources 1.93M $156.36M +33.5%
LSV Asset Management 1.69M $137.26M -6.3%
STT State Street 1.65M $133.95M -3.0%
TROW T. Rowe Price 1.63M $132.22M +23.2%
Thrivent Financial For Lutherans 1.56M $126.82M -0.6%
Largest transactions
Shares Bought/sold Change
Nuveen Asset Management 490.73K -1.99M -80.2%
JPM JPMorgan Chase & Co. 2.33M +1.61M +223.7%
Norges Bank 0 -816.61K EXIT
American Century Companies 1.23M +689.07K +126.9%
WFC Wells Fargo & Co. 944.44K +603.63K +177.1%
FHI Federated Hermes 916.34K +591.04K +181.7%
GS Goldman Sachs 273.28K -505.09K -64.9%
BEN Franklin Resources 1.93M +483.5K +33.5%
BLK Blackrock 6.03M +478.72K +8.6%
Columbus Circle Investors 0 -427.93K EXIT

Financial report summary

?
Competition
RBC Bearings
Management Discussion
  • 2020 vs. 2019
  • The decrease in net sales was primarily driven by lower organic volume revenue and the unfavorable impact of foreign currency exchange rate changes, partially offset by the benefit of acquisitions and positive pricing. The decrease in net income was primarily due to the impact of lower volume, the unfavorable impact of foreign currency exchange rate changes and higher restructuring and pension remeasurement charges. The decrease was partially offset by lower selling, general and administrative ("SG&A") expenses, reflecting cost reduction initiatives, lower material and logistics costs, and the benefits from acquisitions and favorable price/mix.
  • Throughout the COVID-19 pandemic in 2020, Timken continued to operate and fill customer orders, and adjusted production as required by local government directives and to reflect changes in global demand. For most of the second quarter, the Company's operations were adversely impacted by lower global demand caused by the ongoing spread of COVID-19 around the world, which included various customer shut-downs and government imposed operating restrictions. During the second quarter, the Company took steps to reduce costs by implementing temporary salary reductions, work furloughs and other actions to align its costs with near-term demand expectations. During the third and fourth quarters, Timken was able to operate with no major restrictions, and production levels improved. Timken continued certain temporary cost reduction actions and expanded and accelerated certain structural cost reduction initiatives to align its costs with near-term demand expectations and to improve the profitability of the Company longer term.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
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