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Ward J. Timken, Jr. net worth and biography

Ward Timken, Jr. Biography and Net Worth

Director of Timken

Ward J. “Tim” Timken, Jr. serves as chairman, chief executive officer and president of TimkenSteel Corporation (NYSE: TMST). TimkenSteel is a leader in customized alloy steel products and services. TimkenSteel was spun off from The Timken Company in 2014.

Prior to the spinoff, Timken served as chairman of The Timken Company. He was first elected to The Timken Company’s board of directors in 2002. He joined the company’s steel business in 1992 and progressed through a series of roles in sales and marketing management and geographic leadership in Europe and Latin America, where he helped fuel the company’s global growth. He served as vice chairman, playing a pivotal role in the development of strategy that expanded the company’s product portfolio into industrial market sectors. He also served as president of steel before being named company chairman in 2005.

Earlier in his career, Timken opened and managed the Washington, D.C., office of McGough & Associates, a Columbus, Ohio-based government affairs consulting firm.

Timken serves on the boards of the Timken Foundation and Pella Corporation, a privately held window and door manufacturing company headquartered in Pella, Iowa.

Timken provides the board with relevant experience from having served in key leadership positions during his tenure with the company.

What is Ward J. Timken, Jr.'s net worth?: The estimated net worth of Ward J. Timken, Jr. is at least $33.09 million as of August 11th, 2020. Mr. Timken, Jr. owns 389,997 shares of Timken stock worth more than $33,089,295 as of April 25th. This net worth evaluation does not reflect any other assets that Mr. Timken, Jr. may own. Learn More about Ward J. Timken, Jr.'s net worth.
How do I contact Ward J. Timken, Jr.?: The corporate mailing address for Mr. Timken, Jr. and other Timken executives is 4500 MT. PLEASANT ST. NW, NORTH CANTON OH, 44720. Timken can also be reached via phone at (234) 262-3000 and via email at [email protected]. Learn More on Ward J. Timken, Jr.'s contact information.
Has Ward J. Timken, Jr. been buying or selling shares of Timken?: Ward J. Timken, Jr. has not been actively trading shares of Timken during the last ninety days. Most recently, Ward J. Timken, Jr. sold 78,830 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $55.69, for a transaction totalling $4,390,042.70. Following the completion of the sale, the director now directly owns 389,997 shares of the company's stock, valued at $21,718,932.93. Learn More on Ward J. Timken, Jr.'s trading history.
Who are Timken's active insiders?: Timken's insider roster includes Christopher Coughlin (EVP), Philip Fracassa (CFO), Richard Kyle (CEO), Hans Landin (VP), Ronald Myers (EVP), Hansal Patel (VP), Ward Timken, Jr. (Director), and Jacqueline Woods (Director). Learn More on Timken's active insiders.
Are insiders buying or selling shares of Timken?: In the last year, insiders at the industrial products company sold shares 10 times. They sold a total of 163,184 shares worth more than $12,399,380.21. The most recent insider tranaction occured on November, 14th when CFO Philip D Fracassa sold 5,000 shares worth more than $370,150.00. Insiders at Timken own 8.7% of the company. Learn More about insider trades at Timken.
Information on this page was last updated on 11/14/2023.

Ward J. Timken, Jr. Insider Trading History at Timken

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
8/11/2020	Sell	78,830	$55.69	$4,390,042.70	389,997
5/30/2018	Sell	4,002	$49.10	$196,498.20	269,902
2/15/2017	Sell	48,073	$45.12	$2,169,053.76	346,143
5/21/2015	Sell	88,314	$40.63	$3,588,197.82

Ward J. Timken, Jr. Buying and Selling Activity at Timken

Timken Company Overview

The Timken Company designs, manufactures, and sells engineered bearings and industrial motion products, and related services in the United States and internationally. The company's Engineered Bearings segment provides various bearing products, including tapered, spherical, and cylindrical roller bearings; plain bearings, metal-polymer bearings, and rod end bearings; radial, angular, and precision ball bearings; thrust and specialty ball bearings; journal bearings; and housed or mounted bearings. This segment serves wind energy, agriculture, construction, food and beverage, metals and mining, automotive and truck, aerospace, rail, and other industries under the Timken, GGB, and Fafnir brands. Its Industrial Motion segment offers a portfolio of engineered products comprising industrial drives, automatic lubrication systems, linear motion products and systems, chains, belts, seals, couplings, filtration systems, and industrial clutches and brakes. It also provides industrial drivetrain and bearing repairing services. This segment serves a range of industries, such as solar energy, automation, construction, agriculture and turf, passenger rail, marine, aerospace, packaging and logistics, medical, and others under the Philadelphia Gear, Cone Drive, Rollon, Nadella, Groeneveld, BEKA, Diamond, Drives, Timken Belts, Spinea, Des-Case, Lagersmit, Lovejoy, and PT Tech brands. The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio.

Today's Range

Now: $84.85

$83.96

$85.50

50 Day Range

MA: $85.20

$79.76

$89.26

2 Week Range

Now: $84.85

$65.71

$95.08

Volume

478,184 shs

Average Volume

488,159 shs

Market Capitalization

$5.97 billion

P/E Ratio

15.54

Dividend Yield

1.52%

Beta

1.54

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