Timken Company (The) which can be found by ticker (TKR), they now have 10 market analysts covering the stock. Analyst consensus now points to a “Buy” rating. The range between the high price target and the low price target is between 105 and 79 with the average price target of $93.60. Given that the stock’s previous close was $78.90 and the analysts are right, we can expect a percentage increase in value of 18.6%. The 50 day moving average is now at $81.80 and the 200 day moving average is $69.08. The company’s market capitalization is $5.712 billion. Visit the company website at: https://www.timken.com
The potential market cap would be $6.776 billion based on market consensus.
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The Timken Company designs, manufactures and manages engineered bearings and industrial motion products worldwide. It operates in two segments, mobile industries and process industries. The Mobile Industries segment offers a portfolio of bearings, seals and lubrication devices and systems, as well as industrial motion components, engineered chains, augers, belts, couplings, clutches, brakes and related products and maintenance services to OEMs (OEM). ) and off-road equipment end-users for the agriculture, construction, mining, outdoor power equipment and power sports markets; and road vehicles, including passenger cars, light trucks, and medium and heavy trucks, as well as railcars and locomotives. It also provides power transmission systems and flight-critical components for civil and military aircraft, including bearings, turbine engine components, gears and housings. This segment sells its parts through a network of authorized automotive and heavy truck dealers to individual end users, equipment owners, operators and maintenance shops. The Process Industries segment offers bearings and industrial assemblies; industrial motion components such as gears and gearboxes; and linear motion products, couplings, seals, lubricants, chains, belts, and related products and services for OEMs and end users in various industries. It also offers after-sales and service needs through a network of authorized industrial distributors; and repair and service of bearings and gearboxes, as well as rewinding, repair and services to electric motor end users. The company offers its products under the brands Timken, Philadelphia Gear, GGB, Drives, Cone Drive, Rollon, Lovejoy, Diamond, BEKA, Spinea and Groeneveld. The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio.
The company has a dividend yield of 1.58% with the ex-dividend date set at 2-17-2023 (DMY).
Other highlights include a P/E ratio of 14.34, earnings per share of 61.1 and a return on assets of 7.52%.
