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 |
|---|---|---|---|
| 4/21/2025 | $97.00 → $66.00 | Buy → Neutral | DA Davidson |
| 4/2/2025 | $70.00 | Buy → Hold | Jefferies |
| 2/4/2025 | Underperform → Neutral | BofA Securities | |
| 12/17/2024 | $82.00 → $93.00 | Equal-Weight → Overweight | Morgan Stanley |
| 12/9/2024 | $85.00 → $90.00 | Neutral → Buy | Citigroup |
| 12/6/2024 | $80.00 → $95.00 | Hold → Buy | Jefferies |
| 11/22/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 11/13/2024 | $87.00 → $91.00 | In-line → Outperform | Evercore ISI |
| 10/14/2024 | $90.00 | Neutral | Citigroup |
| 6/28/2024 | Mkt Perform | Raymond James |
NORTH CANTON, Ohio, May 2, 2025 /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 35 cents per share. The dividend is payable on May 23, 2025, to shareholders of record as of May 13, 2025. "Timken is proud to deliver 12 straight years of annual dividend increases," said Richard G. Kyle, president and chief executive officer. "This year's increase reflects the trust our board
Sales of $1.14 billion, down 4.2 percent from last yearFirst-quarter diluted EPS of $1.11; adjusted EPS of $1.40Updates full-year 2025 outlook to reflect net impact from tariffs; now expects EPS of $3.90-$4.40, with adjusted EPS of $5.10-$5.601Q-25 1Q-24 % Change Net Sales (mils.) $1,140.3 $1,190.3 (4.2 %) Net Income Margin 6.9 % 8.7 % (180 bps) Adjusted EBITDA Margin 18.2 % 20.7 % (250 bps) Diluted EPS $1.11 $1.46 (24.0 %) Adjusted EPS $1.40 $1.77 (20.9 %) NORTH CANTON, Ohio, April 30, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today reported first-quarter 2025 sales of $1.14 billion, down 4.2
NORTH CANTON, Ohio, April 11, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, will release its 2025 first-quarter financial results on Wednesday, 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 2025 Earnings Re
Tarak B. Mehta departing as CEO and director, effective immediatelyRichard G. Kyle appointed interim president and CEOComprehensive CEO search process underway NORTH CANTON, Ohio, March 31, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)) Board of Directors today announced that, effective immediately, Tarak B. Mehta is departing as CEO and director based on mutual agreement due to personal reasons. Richard G. Kyle will return as interim president and CEO. Kyle is a member of the Timken Board of Directors and served as the company's CEO from 2014 to 2024. "Th
Honor highlights commitment to ethical business practices, compliance and effective governance NORTH CANTON, Ohio, March 11, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, has been named a 2025 World's Most Ethical Companies® honoree by Ethisphere, a leader in defining and advancing the standards of ethical business practices. "At Timken, we focus on doing business the right way," said Tarak B. Mehta, Timken president and chief executive officer. "We're committed to ethical practices
NORTH CANTON, Ohio, March 10, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, will participate in the BofA Global Research Global Industrials Conference in London on Tuesday, March 18, 2025. Participating on behalf of Timken will be Philip D. Fracassa, executive vice president and chief financial officer, and Andreas Roellgen, executive vice president and president of Engineered Bearings. Materials shared during the conference will be available online at http://investors.timken.com. A
NORTH CANTON, Ohio, Feb. 18, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, will participate in three upcoming investor conferences. Philip D. Fracassa, executive vice president and chief financial officer and Neil Frohnapple, vice president of investor relations, will participate in the Evercore ISI Industrial Conference on Tuesday, March 4, 2025, the D.A. Davidson Best-of-Breed Bison Virtual Conference on Friday, March 7, 2025, and the Loop Capital Equity Research Conference on Tuesday, March 11, 2025. Materials shared with investors during the conferences will be available online at investors.ti
NORTH CANTON, Ohio, Feb. 14, 2025 /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 March 7, 2025, to shareholders of record as of Feb. 25, 2025. 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 411 consecutive quarters, one of the longest-running dividend st
NORTH CANTON, Ohio, Feb. 5, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, today announced that Christopher A. Coughlin, executive vice president and president, Industrial Motion, will retire at the end of the year after 41 years with the company. "Chris has been an invaluable part of Timken's leadership team, demonstrating exemplary stewardship and a deep commitment to the company's mission for more than four decades," said John M. Timken Jr., chairman of the Timken Board of Directo
Sales of $1.07 billion in the fourth quarter, down 1.6 percent from last yearFourth-quarter diluted EPS of $1.01; adjusted EPS of $1.16Full-year 2024 diluted EPS of $4.99; adjusted EPS of $5.79Cash from operations of $476 million; free cash flow of $306 million for the full yearCompany provides initial estimate for 2025 EPS of $4.30-$4.80, with adjusted EPS of $5.30-$5.80(USD in millions) 4Q-24 4Q-23 % Change FY-2024 FY-2023 % Change Net Sales $1,073.6 $1,091.2 (1.6 %) $4,573.0 $4,769.0 (4.1 %) Net Income Margin 6.6 % 5.4 % 120 bps 7.7 % 8.3 % (60 bps) Adjusted EBITDA Margin 16.6 % 17.9 % (130 bps) 18.5 % 19.7 % (120 bps) Diluted EPS $1.01 $0.83 21.7 % $4.99 $5.47 (8.8 %) Adjusted EPS $1.16
DA Davidson downgraded Timken from Buy to Neutral and set a new price target of $66.00 from $97.00 previously
Jefferies downgraded Timken from Buy to Hold and set a new price target of $70.00
BofA Securities upgraded Timken from Underperform to Neutral
Morgan Stanley upgraded Timken from Equal-Weight to Overweight and set a new price target of $93.00 from $82.00 previously
Citigroup upgraded Timken from Neutral to Buy and set a new price target of $90.00 from $85.00 previously
Jefferies upgraded Timken from Hold to Buy and set a new price target of $95.00 from $80.00 previously
KeyBanc Capital Markets downgraded Timken from Overweight to Sector Weight
Evercore ISI upgraded Timken from In-line to Outperform and set a new price target of $91.00 from $87.00 previously
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
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Tarak B. Mehta departing as CEO and director, effective immediatelyRichard G. Kyle appointed interim president and CEOComprehensive CEO search process underway NORTH CANTON, Ohio, March 31, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)) Board of Directors today announced that, effective immediately, Tarak B. Mehta is departing as CEO and director based on mutual agreement due to personal reasons. Richard G. Kyle will return as interim president and CEO. Kyle is a member of the Timken Board of Directors and served as the company's CEO from 2014 to 2024. "Th
NORTH CANTON, Ohio, Jan. 21, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, today announced the appointment of Kimberly K. (Kim) Ryan to its Board of Directors. Her election increases The Timken Company Board to 13 members. Ryan has served as director, president and CEO of Hillenbrand, Inc. (NYSE:HI, www.hillenbrand.com)), a global industrial company that provides solutions for durable plastics, food and recycling and a variety of other applications, since 2021. From 2015 to 2021, sh
RPM International Inc. (NYSE:RPM) today announced the appointment of three individuals, Craig S. Morford, Christopher L. Mapes and Julie A. Beck, to its board of directors. These appointments reflect RPM's ongoing commitment to expanding the expertise, diversity and leadership capabilities of its board as the company continues to drive long-term growth and shareholder value. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250113146614/en/Christopher L. Mapes (Photo: Business Wire) The appointments of Mr. Morford and Mr. Mapes are effective immediately, and Ms. Beck's term is set to commence on April 7, 2025. With these additions,
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
Board of Directors Approves Share Consolidation on an 8-for-1 Ratio Board of Directors Announces Jacqueline Dedo as Li-Cycle's Independent Board Chair Li-Cycle Holdings Corp. (NYSE:LICY) ("Li-Cycle" or the "Company"), a leading global lithium-ion battery resource recovery company, today announced updates from the Company's Annual General and Special Meeting of Shareholders held on May 23, 2024 (the "AGM"). Voting results of items of business at the AGM included the election of each of the Li-Cycle director nominees; the approval of the share consolidation resolution, described further below; the approval of the compensation of the Company's named executive officers on an advisory basi
VANCOUVER, BC, March 27, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced the appointment of Ms. Jacqueline (Jacqui) Dedo to the Ballard Board of Directors. Ms. Dedo brings relevant experience to the Board with her background in the transportation industry, including electrified propulsion in heavy-duty mobility, while also bringing complementary competencies related to strategy, innovation, technology, and corporate governance. "We strive to have a Board that is comprised of highly qualified directors with diverse and complementary background
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
Nordson Corporation (NASDAQ:NDSN) announced the election of Christopher L. Mapes, retired president and chief executive officer of Lincoln Electric Holdings, Inc. (NASDAQ:LECO), to its board of directors, effective today. Mr. Mapes has more than 38 years of experience leading diversified global manufacturing companies. Beyond his keen understanding of the manufacturing industry, Mr. Mapes has significant experience in the areas of mergers and acquisitions, global operations, international compliance and developing and implementing strategic operating plans. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240115539778/en/Christoph
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NORTH CANTON, Ohio, May 2, 2025 /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 35 cents per share. The dividend is payable on May 23, 2025, to shareholders of record as of May 13, 2025. "Timken is proud to deliver 12 straight years of annual dividend increases," said Richard G. Kyle, president and chief executive officer. "This year's increase reflects the trust our board
Sales of $1.14 billion, down 4.2 percent from last yearFirst-quarter diluted EPS of $1.11; adjusted EPS of $1.40Updates full-year 2025 outlook to reflect net impact from tariffs; now expects EPS of $3.90-$4.40, with adjusted EPS of $5.10-$5.601Q-25 1Q-24 % Change Net Sales (mils.) $1,140.3 $1,190.3 (4.2 %) Net Income Margin 6.9 % 8.7 % (180 bps) Adjusted EBITDA Margin 18.2 % 20.7 % (250 bps) Diluted EPS $1.11 $1.46 (24.0 %) Adjusted EPS $1.40 $1.77 (20.9 %) NORTH CANTON, Ohio, April 30, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today reported first-quarter 2025 sales of $1.14 billion, down 4.2
NORTH CANTON, Ohio, April 11, 2025 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, will release its 2025 first-quarter financial results on Wednesday, 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 2025 Earnings Re
NORTH CANTON, Ohio, Feb. 14, 2025 /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 March 7, 2025, to shareholders of record as of Feb. 25, 2025. 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 411 consecutive quarters, one of the longest-running dividend st
Sales of $1.07 billion in the fourth quarter, down 1.6 percent from last yearFourth-quarter diluted EPS of $1.01; adjusted EPS of $1.16Full-year 2024 diluted EPS of $4.99; adjusted EPS of $5.79Cash from operations of $476 million; free cash flow of $306 million for the full yearCompany provides initial estimate for 2025 EPS of $4.30-$4.80, with adjusted EPS of $5.30-$5.80(USD in millions) 4Q-24 4Q-23 % Change FY-2024 FY-2023 % Change Net Sales $1,073.6 $1,091.2 (1.6 %) $4,573.0 $4,769.0 (4.1 %) Net Income Margin 6.6 % 5.4 % 120 bps 7.7 % 8.3 % (60 bps) Adjusted EBITDA Margin 16.6 % 17.9 % (130 bps) 18.5 % 19.7 % (120 bps) Diluted EPS $1.01 $0.83 21.7 % $4.99 $5.47 (8.8 %) Adjusted EPS $1.16
NORTH CANTON, Ohio, Jan. 15, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, will release its 2024 fourth-quarter and full-year financial results on Wednesday, Feb. 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:
NORTH CANTON, Ohio, Nov. 8, 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 Nov. 29, 2024, to shareholders of record as of Nov. 19, 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 410 consecutive quarters, one of the longest-running dividend str
Sales of $1.13 billion, down 1.4 percent from last yearThird-quarter earnings per share of $1.16; adjusted EPS of $1.23Cash from operations of $123 million and free cash flow of $88 million Updates full-year 2024 outlook; now expects EPS of $4.65-$4.75, with adjusted EPS of $5.55-$5.65NORTH CANTON, Ohio, Nov. 5, 2024 /PRNewswire/ -- The Timken Company (NYSE:TKR, www.timken.com)), a global technology leader in engineered bearings and industrial motion, today reported third-quarter 2024 sales of $1.13 billion, down 1.4 percent from the same period a year ago. The decrease was driven primarily by lower end-market demand in Europe and China, partially offset by the benefit of acquisitions. Organ
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