The Timken Company designs, manufactures, and manages engineered bearings and power transmission products and services 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 power transmission components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives. It also provides power transmission systems and flight-critical components for civil and military aircraft, which comprise bearings, rotor-head assemblies, helicopter transmission systems, turbine engine components, gears, and housings. This segment sells it parts through a network of authorized automotive and heavy-truck distributors to individual end users, equipment owners, operators, and maintenance shops. The Process Industries segment provides industrial bearings and assemblies; power transmission components, such as gears and gearboxes; and linear motion products, couplings, seals, lubricants, chains, belts, and related products and services to OEMs and end-users in various industries. It also offers aftermarket sales and service needs through a network of authorized industrial distributors; and offers repair and service for bearings and gearboxes, as well as electric motor rewind, repair, and services to end users. The company offers its products under the Timken, Philadelphia Gear, Drives, Cone Drive, Rollon, Lovejoy, Diamond, BEKA, and Groeneveld brands. The company was founded in 1899 and is headquartered in North Canton, Ohio.
IPO Year:
Exchange: NYSE
Website: timken.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | $90.00 | Neutral | Citigroup |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 2/20/2024 | $84.00 | Outperform → In-line | Evercore ISI |
| 1/23/2024 | $92.00 | Buy | DA Davidson |
| 1/8/2024 | $74.00 | Equal-Weight | Morgan Stanley |
| 12/20/2023 | $105.00 → $85.00 | Buy → Hold | Jefferies |
| 10/11/2023 | $100.00 → $74.00 | Neutral → Underperform | BofA Securities |
| 7/21/2023 | $88.00 → $100.00 | Buy → Neutral | BofA Securities |
| 7/17/2023 | $95.00 → $100.00 | Buy → Neutral | Citigroup |
| 1/13/2023 | $71.00 → $87.00 | Neutral → Buy | BofA Securities |
NORTH CANTON, Ohio, Oct. 14, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, will release its third-quarter 2024 financial results on Tuesday, Nov. 5, prior to the opening of the New York Stock Exchange. The company will host a conference call that day to discuss its financial performance with investors and securities analysts. The financial results and conference call materials will be available online at http://investors.timken.com. Conference Call: Timken's Q3 2024 Earnings Resul
NORTH CANTON, Ohio, Sept. 10, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, has completed its previously announced acquisition of CGI, Inc. CGI, Inc. manufactures precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The business employs approximately 130 people and is expected to generate around $45 million in sales in 2024. About The Timken Company The Timken Company (NYSE:TKR, www.timken.com), a global technology leader i
NORTH CANTON, Ohio, Sept. 5, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today appointed Tarak Mehta the company's president and CEO. Mehta was also elected to Timken's Board of Directors. "I'm excited to join Timken and hear directly from our employees, customers and other stakeholders all around the globe about how we can accelerate profitable growth and continue to drive momentum for the company," said Mehta. "I look forward to collaborating with our talented team to identify
NORTH CANTON, Ohio, Aug. 29, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today issued its corporate social responsibility (CSR) report, providing an update on the company's actions to improve the lives of individuals and communities, benefit the planet and strengthen its business. "Our deep experience and specialized expertise provide us with a unique perspective and ability to navigate a rapidly changing world together," said Richard G. Kyle, Timken president and CEO. "As we loo
NORTH CANTON, Ohio, Aug. 15, 2024 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will participate in the Jefferies Industrials Conference in New York City on Wednesday, Sept. 4, 2024, with a presentation scheduled at 7:30 a.m. Eastern Time. Presenting on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer and Neil Frohnapple, vice president of investor relations. A live webcast of the presentation can be accessed via the company's website at i
NORTH CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Todd M. Leombruno to its Board of Directors. The election will bring The Timken Company Board to 11 members. Leombruno has served as executive vice president and chief financial officer of Parker Hannifin Corp., a Fortune 250 global leader in motion and control technologies, since 2021. He started his career with Parker Hannifin in 1993 and progressed through various account
NORTH CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- The board of directors of The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today declared a quarterly cash dividend of 34 cents per share. The dividend is payable on Aug. 30, 2024, to shareholders of record as of Aug. 20, 2024. Timken has paid a dividend on its common shares every quarter since its original listing on the New York Stock Exchange (NYSE) in 1922. The upcoming dividend represents 409 consecutive quarters, one of the longest-running dividend st
Addition will create unmatched portfolio of precision drives NORTH CANTON, Ohio, Aug. 5, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, has agreed to acquire CGI Inc., a Nevada-based manufacturer of precision drive systems serving a broad range of automation markets with a concentration in medical robotics. The deal is subject to customary closing conditions, including regulatory approval, and is expected to close in the third quarter. "Timken has one of the broadest and most diffe
Sales of $1.18 billion, in line with company expectationsSecond-quarter earnings per share of $1.36; adjusted EPS of $1.63Net income margin of 8.1 percent; adjusted EBITDA margin of 19.5 percentUpdates full-year 2024 outlook; now expects EPS of $5.00-$5.20, with adjusted EPS of $6.00-$6.20NORTH CANTON, Ohio, July 31, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today reported second-quarter 2024 sales of $1.18 billion, down 7.1 percent from last year's record level. Organically, sales were down 7.7 percent, with most of the decline attributable to significantly lower renewable energy demand in C
NORTH CANTON, Ohio, July 10, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, will release its second-quarter 2024 financial results on Wednesday, July 31, prior to the opening of the New York Stock Exchange. The company will host a conference call that day to discuss its financial performance with investors and securities analysts. The financial results and conference call materials will be available online at http://investors.timken.com. Conference Call: Timken's Q2 2024 Earni
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NORTH CANTON, Ohio, Oct. 14, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, will release its third-quarter 2024 financial results on Tuesday, Nov. 5, prior to the opening of the New York Stock Exchange. The company will host a conference call that day to discuss its financial performance with investors and securities analysts. The financial results and conference call materials will be available online at http://investors.timken.com. Conference Call: Timken's Q3 2024 Earnings Resul
NORTH CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- The board of directors of The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today declared a quarterly cash dividend of 34 cents per share. The dividend is payable on Aug. 30, 2024, to shareholders of record as of Aug. 20, 2024. Timken has paid a dividend on its common shares every quarter since its original listing on the New York Stock Exchange (NYSE) in 1922. The upcoming dividend represents 409 consecutive quarters, one of the longest-running dividend st
Sales of $1.18 billion, in line with company expectationsSecond-quarter earnings per share of $1.36; adjusted EPS of $1.63Net income margin of 8.1 percent; adjusted EBITDA margin of 19.5 percentUpdates full-year 2024 outlook; now expects EPS of $5.00-$5.20, with adjusted EPS of $6.00-$6.20NORTH CANTON, Ohio, July 31, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today reported second-quarter 2024 sales of $1.18 billion, down 7.1 percent from last year's record level. Organically, sales were down 7.7 percent, with most of the decline attributable to significantly lower renewable energy demand in C
NORTH CANTON, Ohio, July 10, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, will release its second-quarter 2024 financial results on Wednesday, July 31, prior to the opening of the New York Stock Exchange. The company will host a conference call that day to discuss its financial performance with investors and securities analysts. The financial results and conference call materials will be available online at http://investors.timken.com. Conference Call: Timken's Q2 2024 Earni
NORTH CANTON, Ohio, May 3, 2024 /PRNewswire/ -- The board of directors of The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today approved a 3 percent increase in the company's quarterly cash dividend, raising it to 34 cents per share. The dividend is payable on May 28, 2024, to shareholders of record as of May 14, 2024. "We're proud to extend Timken's annual dividend increases to 11 straight years," said Richard G. Kyle, Timken president and chief executive officer. "Our board's commitment to growing the
Sales of $1.19 billion, down 5.7 percent from last yearFirst-quarter earnings per share of $1.46; adjusted EPS of $1.77Strong margin performance in the quarter, with net income margin of 8.7 percent and adjusted EBITDA margin of 20.7 percentRaises full-year 2024 outlook; now expects EPS of $5.10-$5.40, with adjusted EPS of $6.00-$6.30, on improved organic revenueNORTH CANTON, Ohio, April 30, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today reported first-quarter 2024 sales of $1.19 billion, down 5.7 percent from the same period a year ago. The decrease was driven by lower demand, including a s
NORTH CANTON, Ohio, April 11, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global leader in engineered bearings and industrial motion products, will release its first-quarter 2024 financial results on Tuesday, April 30, prior to the opening of the New York Stock Exchange. The company will host a conference call that day to discuss its financial performance with investors and securities analysts. The financial results and conference call materials will be available online at http://investors.timken.com. Conference Call: Timken's Q1 2024 Earnings Resul
NORTH CANTON, Ohio, March 14, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global leader in engineered bearings and industrial motion products, has released its 2023 Annual Report, marking another year of revenue growth, expanded margins and record adjusted earnings per share. "As the company celebrates its 125th anniversary in 2024, our customer-focused innovations are more critical and relevant than ever in addressing the new needs and challenges of a diverse global customer base and end-market mix," said Richard G. Kyle, Timken president and chief
NORTH CANTON, Ohio, Feb. 8, 2024 /PRNewswire/ -- The board of directors of The Timken Company (NYSE:TKR, www.timken.com))), a global leader in engineered bearings and industrial motion products, today declared a quarterly cash dividend of 33 cents per share. The dividend is payable on March 6, 2024, to shareholders of record as of Feb. 20, 2024. Timken has paid a dividend on its common shares every quarter since its original listing on the New York Stock Exchange (NYSE) in 1922. The upcoming dividend represents 407 consecutive quarters, one of the longest-running dividend stre
Sales of $1.09 billion in the fourth quarter, up 1 percent from last yearFourth-quarter earnings per share of $0.83; adjusted EPS of $1.37Record full-year sales of $4.8 billion, up 6 percent from last yearFull-year 2023 EPS of $5.47; record adjusted EPS of $7.05Full-year net income margin of 8.3 percent; adjusted EBITDA margin of 19.7 percentCompany provides initial estimate for 2024 EPS of $4.90-$5.30, with adjusted EPS of $5.80-$6.20 on lower anticipated demandNORTH CANTON, Ohio, Feb. 5, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global leader in engineered bearings and industrial motion products, today reported fourth-quarter 2023 sales of $1.09 billion, up 0.
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NORTH CANTON, Ohio, Sept. 5, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today appointed Tarak Mehta the company's president and CEO. Mehta was also elected to Timken's Board of Directors. "I'm excited to join Timken and hear directly from our employees, customers and other stakeholders all around the globe about how we can accelerate profitable growth and continue to drive momentum for the company," said Mehta. "I look forward to collaborating with our talented team to identify
NORTH CANTON, Ohio, Aug. 7, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Todd M. Leombruno to its Board of Directors. The election will bring The Timken Company Board to 11 members. Leombruno has served as executive vice president and chief financial officer of Parker Hannifin Corp., a Fortune 250 global leader in motion and control technologies, since 2021. He started his career with Parker Hannifin in 1993 and progressed through various account
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Industry executive Tarak Mehta named Timken's next president and CEO Richard G. Kyle to retire as Timken president and CEO; will remain on the Timken Board of Directors NORTH CANTON, Ohio, March 27, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com))) Board of Directors has reached an agreement with Tarak Mehta to become Timken's next president and chief executive officer on Sept. 5, 2024. Mehta is currently president of the Motion business and member of the Group Executive Committee at ABB Ltd., a $32 billion leader in electrification and automation. Mehta will be appointed Timken president and CEO after he completes a transition period with ABB.
Battery's investment creates a foundation for a new global platform offering asset-reliability solutions and industrial services Battery Ventures, a global, technology-focused investment firm, today announced a significant investment in Mobius Institute ("Mobius"), a company that specializes in reliability improvement, conditioning-monitoring, and precision-maintenance training and certification. Mobius delivers its training via public, in-plant, and online training programs and has trained more than 70,000 professionals from 180 countries since 2005. In addition to training, a related entity to the company, Mobius Institute Board of Certification, is an ISO/IEC 17024 and ISO 18436-accr
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During the last three months, 4 analysts shared their evaluations of Timken (NYSE:TKR), revealing diverse outlooks from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 2 1 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $96.5, a high estimate of $104.00, and a low
Raymond James analyst Tim Thein initiates coverage on Timken (NYSE:TKR) with a Market Perform rating.
Analysts' ratings for Timken (NYSE:TKR) over the last quarter vary from bullish to bearish, as provided by 5 analysts. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $97.2, along with a high estimate of $104.00 and a low estimate of $87.00. Marking an increase of 7.28%, the current average su
Keybanc analyst Steve Barger maintains Timken (NYSE:TKR) with a Overweight and raises the price target from $95 to $104.
The board of directors of The Timken Company (NYSE:TKR, www.timken.com))))), a global technology leader in engineered bearings and industrial motion, today approved a 3 percent increase in the company's quarterly cash dividend, raising it to 34 cents per share. The dividend is payable on May 28, 2024, to shareholders of record as of May 14, 2024."We're proud to extend Timken's annual dividend increases to 11 straight years," said Richard G. Kyle, Timken president and chief executive officer. "Our board's commitment to growing the dividend over time with earnings reflects the confidence we have in our long-term strategy, and today's increase is a direct result of our ability to consistently d
Keybanc analyst Steve Barger maintains Timken (NYSE:TKR) with a Overweight and raises the price target from $91 to $95.
Timken (NYSE:TKR) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 3 0 0 Last 30D 1 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 2 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $91.6, with a high estimate of $100.00 and a low estimate of $84.00. This current average has increased by 6.76% from the previous a
Loop Capital analyst Chris Dankert maintains Timken (NYSE:TKR) with a Hold and raises the price target from $78 to $87.
Stifel analyst Stanley Elliott maintains Timken (NYSE:TKR) with a Buy and raises the price target from $92 to $100.
Citigroup initiated coverage of Timken with a rating of Neutral and set a new price target of $90.00
Raymond James initiated coverage of Timken with a rating of Mkt Perform
Evercore ISI downgraded Timken from Outperform to In-line and set a new price target of $84.00
DA Davidson initiated coverage of Timken with a rating of Buy and set a new price target of $92.00
Morgan Stanley initiated coverage of Timken with a rating of Equal-Weight and set a new price target of $74.00
Jefferies downgraded Timken from Buy to Hold and set a new price target of $85.00 from $105.00 previously
BofA Securities downgraded Timken from Neutral to Underperform and set a new price target of $74.00 from $100.00 previously
BofA Securities downgraded Timken from Buy to Neutral and set a new price target of $100.00 from $88.00 previously
Citigroup downgraded Timken from Buy to Neutral and set a new price target of $100.00 from $95.00 previously
BofA Securities upgraded Timken from Neutral to Buy and set a new price target of $87.00 from $71.00 previously