Source: American Banking and Market News

Timken: JPMorgan Chase & Co. Sells 1,176,277 Shares of The Timken Company (NYSE:TKR)

JPMorgan Chase & Co. lessened its stake in The Timken Company (NYSE:TKR - Free Report) by 55.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 954,326 shares of the industrial products company's stock after selling 1,176,277 shares during the quarter. JPMorgan [...]

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Timken is an Ohio-based industrial machinery company that manufactures products such as bearings and power transmission equipment for sectors including energy and automotive.