Last $41.42 USD
Change Today +1.24 / 3.09%
Volume 778.2K
TKR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 4:15 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

timken co (TKR) Snapshot

Open
$40.73
Previous Close
$40.18
Day High
$41.70
Day Low
$40.71
52 Week High
07/3/14 - $49.96
52 Week Low
12/12/13 - $35.95
Market Cap
3.8B
Average Volume 10 Days
819.8K
EPS TTM
$2.37
Shares Outstanding
90.8M
EX-Date
08/15/14
P/E TM
17.5x
Dividend
$1.00
Dividend Yield
2.37%
Current Stock Chart for TIMKEN CO (TKR)

timken co (TKR) Related Businessweek News

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timken co (TKR) Details

The Timken Company engineers, manufactures, and markets mechanical components, and bearings worldwide. It operates in three segments: Mobile Industries, Process Industries, and Aerospace. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, as well as power transmission components, engineered chain augers, and related products and maintenance services to original equipment manufacturers (OEMs) of off-highway equipment for the agricultural, construction, and mining markets. It also provides passenger cars, light trucks, and medium- and heavy-duty trucks; and rail cars and locomotives. 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 supplies industrial bearings and assemblies; power transmission components, including gears and gearboxes; and couplings, seals, lubricants, chains, and related products and services to OEMs and end-users in various industries. It also supports aftermarket sales and service needs through its 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 Aerospace provides bearings, helicopter transmission systems, rotor-head assemblies, turbine engine components, gears, and housings. It also provides aftermarket products and services, including complete engine overhaul, aerospace bearing repair, component reconditioning, and replacement parts; and manufactures precision bearings, complex assemblies, and sensors for applications in spacecraft and robotic vehicles, as well as for manufacturers of health and critical motion control equipment. The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio.

17,000 Employees
Last Reported Date: 08/11/14
Founded in 1899

timken co (TKR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $566.7K
Executive Vice President and Group President
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

timken co (TKR) Key Developments

Suitors Reportedly Proceed To Second Round Of Bidding For Emerson Power Unit

A number of industrial companies and private equity firms have moved to the second round of bidding for the power transmission solutions business of Emerson Electric Co. (NYSE:EMR), Reuters reported, citing sources. Among the bidders are Timken Co. (NYSE:TKR), Regal Beloit Corporation (NYSE:RBC), Altra Industrial Motion Corp. (NasdaqGS:AIMC), Warburg Pincus LLC and Onex Corporation (TSX:OCX). Emerson has been evaluating options for the unit, which is valued at between $1.2 billion and $1.6 billion. A decision is expected by the end of 2014.

Timken Co. Announces Restructuring and Reorganization of Aerospace Business

Timken Co. announced that it is taking multiple actions to improve the performance of its Aerospace business. The company plans to: Eliminate its aerospace segment leadership positions and integrate aerospace activities under the direction of Chris Coughlin, executive vice president and group president; Close its aerospace engine overhaul business, located in Mesa, Arizona, by the end of the year; Evaluate strategic alternatives for its aerospace MRO parts business, also located in Mesa; and Close its aerospace bearing facility located in Wolverhampton, U.K., subject to the employee consultation process, rationalizing the capacity into existing facilities, with timing to be determined.

Timken Co. Plans to Close its Aerospace Engine Overhaul Business in Arizona

Timken Co. announced plans to improve performance of its aerospace business, including closing its aerospace engine overhaul business in Arizona by the end of 2014. The company's actions include closing of its aerospace bearing facility located in Wolverhampton, U.K., subject to employee consultation process, rationalizing the capacity into existing facilities. The company also plans to eliminate aerospace segment's leadership positions and intends to place the operations under the direction of group president. Further, the company said it will evaluate strategic alternatives for its aerospace MRO parts business.

 

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Industry Analysis

TKR

Industry Average

Valuation TKR Industry Range
Price/Earnings 13.8x
Price/Sales 0.8x
Price/Book 2.0x
Price/Cash Flow 14.5x
TEV/Sales 0.7x
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