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Hansal N. Patel net worth and biography
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Hansal Patel Biography and Net Worth

VP of Timken
Hansal Patel is an executive officer of The Timken Company, serving as vice president, general counsel and secretary.

Named to his current position in 2019, Patel is a trusted legal advisor to senior leadership and oversees Timken’s worldwide legal affairs, including securities, mergers and acquisitions, corporate counseling, litigation, ethics, compliance and government affairs. As corporate secretary, Patel is the liaison between the board of directors and the company and leads the company’s corporate social responsibility and corporate governance initiatives.

Patel has been instrumental in the company’s acquisition strategy to expand its power transmission product offering – advising on ~$1.5 billion of transactions over the last decade. He is steadfast in upholding Timken’s core value of ethics and integrity by running an industry-leading compliance program. His team’s efforts have resulted in Timken being recognized several times as one of the World’s Most Ethical Company’s by Ethisphere® Institute.

Previously at Timken, Patel held the positions of vice president of legal and general manager for mergers, acquisitions and securities and acted as assistant corporate secretary. He joined Timken in 2011.

Prior to Timken, Patel was a senior corporate and securities associate at a full-service international law firm headquartered in Cleveland, Ohio, specializing in mergers and acquisitions, securities and general corporate law. While working for the law firm, he was listed as a Rising Star by Ohio Super Lawyers.

Patel earned a bachelor’s degree in finance from The Ohio State University and a Juris Doctor from Case Western Reserve University.

What is Hansal N. Patel's net worth?

The estimated net worth of Hansal N. Patel is at least $865,576.92 as of August 23rd, 2023. Mr. Patel owns 12,084 shares of Timken stock worth more than $865,577 as of December 21st. This net worth approximation does not reflect any other assets that Mr. Patel may own. Additionally, Mr. Patel receives an annual salary of $1,070,000.00 as VP at Timken. Learn More about Hansal N. Patel's net worth.

How old is Hansal N. Patel?

Mr. Patel is currently 44 years old. There are 6 older executives and no younger executives at Timken. The oldest executive at Timken is Mr. Christopher A. Coughlin, Executive VP & President of Industrial Motion, who is 63 years old. Learn More on Hansal N. Patel's age.

What is Hansal N. Patel's salary?

As the VP of The Timken Company, Mr. Patel earns $1,070,000.00 per year. There are 4 executives that earn more than Mr. Patel. The highest earning executive at Timken is Mr. Richard G. Kyle, Advisor to the CEO, Member of the Board, who commands a salary of $3,540,000.00 per year. Learn More on Hansal N. Patel's salary.

How do I contact Hansal N. Patel?

The corporate mailing address for Mr. Patel 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 Hansal N. Patel's contact information.

Has Hansal N. Patel been buying or selling shares of Timken?

Hansal N. Patel has not been actively trading shares of Timken during the last quarter. Learn More on Hansal N. Patel's trading history.

Who are Timken's active insiders?

Timken's insider roster includes Christopher Coughlin (EVP), Philip Fracassa (CFO), Richard Kyle (Advisor to the CEO, Member of the Board), 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 6 times. They sold a total of 149,006 shares worth more than $12,403,935.80. The most recent insider tranaction occured on November, 8th when Director Richard G Kyle sold 30,000 shares worth more than $2,297,700.00. Insiders at Timken own 8.7% of the company. Learn More about insider trades at Timken.

Information on this page was last updated on 11/8/2024.

Hansal N. Patel Insider Trading History at Timken

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Hansal N. Patel Buying and Selling Activity at Timken

This chart shows Hansal N. Patel's buying and selling at Timken by year and by quarter.

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Timken Company Overview

Timken logo
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.
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Today's Range

Now: $71.63
Low: $70.20
High: $72.82

50 Day Range

MA: $78.66
Low: $70.76
High: $87.24

2 Week Range

Now: $71.63
Low: $70.20
High: $94.71

Volume

1,409,564 shs

Average Volume

490,756 shs

Market Capitalization

$5.02 billion

P/E Ratio

14.89

Dividend Yield

1.92%

Beta

1.38
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