UP!

TKR $86.02

TKR target price
86.02
0
0
The Timken Company
Type
Public
Traded as NYSE: TKR
S&P 400 Component
BSE: 522113
NSE: TIMKEN
Industry Manufacturing
Founded St. Louis, Missouri USA, 1899
Founder Henry Timken
Headquarters Jackson Township, Ohio, United States
Number of locations
187 (90 offices, 62 plants/service centers, 9 warehouse/distribution centers, 14 additional shipping centers, 12 technology/engineering centers)
Area served
Worldwide
Key people
John M. Timken Jr.(Non-Executive Chairman of the Board of Directors), Richard G. Kyle (President & CEO)
Products Bearings
Revenue DecreaseUS$ $3.1 billion (FY 2014)
Operating income
DecreaseUS$ $208.4 million (FY 2014)
Net income
IncreaseUS$ $146.8 million (FY 2014)
Total assets DecreaseUS$ $3.0 billion (FY 2014)
Total equity IncreaseUS$ $1.58 billion (FY 2014)
Number of employees
14,709
Website www.timken.com

The Timken Company is a global manufacturer of bearings, and related components and assemblies. Timken operates in 28 countries.

In 1898, Henry Timken obtained a patent for the tapered roller bearing, and in 1899 incorporated as The Timken Roller Bearing Axle Company in St. Louis.

In 1901, the company moved to Canton, Ohio, as the automobile industry began to overtake the carriage industry. Timken and his two sons chose this location because of its proximity to the American car manufacturing centers of Detroit and Cleveland and the American steel-making centers of Pittsburgh and Cleveland.

In 1917, the company began its steel- and tube-making operations in Canton to vertically integrate and maintain better control over the steel used in its bearings. World War I had created an increase in demand for steel, affecting its supply and price in the market.

Some UK steam locomotives also used roller bearings. The LMS Turbomotive was fitted with Timken roller bearings, and they also were retrofitted to some of the LMS Coronation class.

In 2014 the company changed its corporate structure, the roller bearing producing part of the company was separated from the steel producing part of the company, resulting in two separate companies. The Timken Company continues to manufacture roller bearings, while TimkenSteel produces steel.

The Timken Company brands includes Timken, Fafnir, Philadelphia Gear, Interlube and Drives.

Timken is a member of World Bearing Association (WBA), a non-profit and unincorporated industrial association.

British Timken was established in Chester Road, Aston, Birmingham in 1937, to manufacture tapered roller, parallel roller and ball bearings.

In World War II a shadow factory was built in 1941 on a green-field site at Duston in Northamptonshire, to produce roller bearings. At its peak over 4,000 people were employed in the factory. In 2002 the Duston works were closed and the site cleared for housing with production moving to Poland.

In 2003 the company acquired its largest domestic competitor in the bearing business—The Torrington Company of Torrington, Connecticut. In 2007 it acquired the Purdy Corporation of Manchester, Connecticut. Renamed Timken Aerospace Transmissions, it is part of the Timken Aerospace & Defense division headquartered in Lebanon, New Hampshire. Timken operates eight locations in the US and Canada.

The company also manufactured test equipment for various purposes, including properties of lubricating oil. This resulted in the company lending its name to the industry standard Timken OK Load metric.

Timken has been present in India since 1987 and has production facilities in Chennai and Jamshedpur. Additionally, Timken also has an IT support center in Bangalore.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-31 Future report Set alerts
Q2 2022 2022-07-28 1.67 1.67
Q1 2022 2022-05-02 1.61 1.61
Q4 2021 2022-02-03 0.78 0.78
Q3 2021 2021-11-01 1.18 1.18
Q2 2021 2021-08-02 1.37 1.37
Q1 2021 2021-04-28 1.38 1.38
Q4 2020 2021-02-04 0.84 0.84
Q3 2020 2020-10-29 0.00 0.00
Q2 2020 2020-08-03 1.02 0.82

Ratings

2016-07-11 Upgrade Avondale Partners Market Perform to Outperform $35.00
2016-05-26 Initiated Coverage Topeka Capital Markets Hold $35.00
2016-04-28 Reiterated Rating Stifel Nicolaus Buy $34.00 to $40.00
2016-03-28 Downgrade Goldman Sachs Buy to Neutral $31.00 to $30.00
2016-03-28 Downgrade Goldman Sachs Group Inc. Buy to Neutral $31.00 to $30.00
2016-03-21 Boost Price Target Avondale Partners Market Perform $30.00 to $34.00
2016-02-19 Downgrade Avondale Partners Mkt Outperform to Mkt Perform
2016-02-18 Reiterated Rating Avondale Partners Outperform to Market Perform $30.00
2016-02-04 Lower Price Target Stifel Nicolaus Buy $38.00 to $34.00
2016-02-04 Lower Price Target Goldman Sachs Buy $33.00 to $32.00
2016-01-20 Downgrade Jefferies Group Buy to Hold $35.00 to $27.00
2016-01-19 Reiterated Rating BB&T Corp. Buy to Hold
2015-12-03 Reiterated Rating Jefferies Group Buy $60.00 to $50.00
2015-10-29 Lower Price Target Stifel Nicolaus Buy $41.00 to $38.00
2015-07-31 Lower Price Target Stifel Nicolaus Buy $43.00 to $41.00
2015-07-14 Lower Price Target Jefferies Group Buy $50.00 to $43.00
2015-05-01 Downgrade Longbow Research Buy to Neutral
2015-03-02 Upgrade Bank of America Neutral to Buy
2015-03-02 Upgrade Bank of America Corp. Neutral to Buy
2015-02-02 Lower Price Target Jefferies Group Buy $60.00 to $50.00
2015-01-30 Reiterated Rating Stifel Nicolaus Buy $56.00 to $50.00
2014-07-07 Lower Price Target Jefferies Group $75.00 to $60.00
2014-07-01 Lower Price Target BB&T Corp. $78.00 to $57.00
2014-06-30 Lower Price Target Jefferies Group Buy $75.00 to $60.00
2014-06-24 Lower Price Target Stifel Nicolaus Buy $65.00 to $56.00
2014-06-17 Reiterated Rating Bank of America Neutral $68.00 to $70.00
2014-05-06 Upgrade Gabelli & Co Hold to Buy $78
2014-05-06 Upgrade Gabelli Hold to Buy $78.00
2014-04-25 Boost Price Target Jefferies Group Buy $75.00
2014-03-25 Downgrade KeyBanc Buy to Hold $70.00
2014-03-24 Boost Price Target Jefferies Group $70.00
2014-01-31 Boost Price Target Jefferies Group $62.00 to $66.00
2013-11-07 Downgrade Evercore ISI Buy to Neutral $68.00 to $53.00
2013-10-25 Lower Price Target Jefferies Group Buy $73.00 to $62.00
2013-10-25 Downgrade Bank of America Buy to Neutral $70.00 to $58.00
2012-01-09 Resumed KeyBanc Capital Mkts Buy $53
2011-04-26 Reiterated Wunderlich Buy $60 to $65
2011-01-07 Initiated Wunderlich Buy $60
2009-07-02 Initiated Sterne Agee Buy $25
2009-04-28 Reiterated Jefferies & Co Hold $14 to $15
2009-01-30 Downgrade KeyBanc Capital Mkts Buy to Hold
2008-10-27 Reiterated KeyBanc Capital Mkts Buy $46 to $25
2008-07-21 Upgrade BB&T Capital Mkts Hold to Buy
2008-05-20 Reiterated Citigroup Buy $40 to $48
2007-09-24 Initiated Citigroup Buy $43
2016-07-11 Upgrade Avondale Partners Market Perform to Outperform $35.00
2016-05-26 Initiated Coverage Topeka Capital Markets Hold $35.00
2016-04-28 Reiterated Rating Stifel Nicolaus Buy $34.00 to $40.00
2016-03-28 Downgrade Goldman Sachs Buy to Neutral $31.00 to $30.00
2016-03-28 Downgrade Goldman Sachs Group Inc. Buy to Neutral $31.00 to $30.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
TIMKEN JOHN M JR 0.43%  (392209) TKR /
GRIFFITH JAMES W President and CEO 0.42%  (381774) ITW / TKR /
Kyle Richard G President-mob ind & aerospace 0.12%  (107720) SON / TKR /
Coughlin Christopher A President-proc ind & supp chn 0.07%  (65807) TKR /
EISENBERG GLENN A Ex VP Finance & Administration 0.07%  (61605) ANR / ECOL / FDO / LH / TKR /
MIRAGLIA SALVATORE J JR President - Steel 0.07%  (59999) TKR /
LUKE JOHN A JR 0.06%  (58426) BK / MWV / RKT / TKR /
RALSTON JOSEPH W 0.06%  (52273) LMT / TKR / URS /
TIMKEN WARD JACKSON 0.05%  (47417) TKR /
SULLIVAN FRANK C 0.05%  (44932) RPM / TKR /
BURKHART WILLIAM R Sr VP and General Counsel 0.05%  (41240) TKR /
Fracassa Philip D. EVP & CFO 0.04%  (38534) TKR /
Walker Donald L Sr VP - HR and Org Advancement 0.03%  (29558) TKR /
REILLY JOHN PAUL 0.03%  (27652) MASC / TKR /
COX PHILLIP R 0.03%  (23965) CBB / DBD / TKR /
BALLBACH JOHN M 0.02%  (18916) TKR / VAL /
WOODS JACQUELINE F 0.02%  (15878) ANDE / TKR /
MAPES CHRISTOPHER L 0.01%  (13050) LECO / TKR /
Myers Ronald J VP - Human Resources 0.01%  (12163) TKR /
Cheverine Carolyn EVP, GC and Secretary 0.01%  (11961) CLF / TKR /
Crowe Maria A 0.01%  (11497) LLY / TKR /
Rajendra Ajita G 0.01%  (11140) AOS / DCI / TKR /
Mihaila John Theodore Sr VP and Controller 0.01%  (9331) TKR /
PALMER JAMES F 0.01%  (8095) NOC / TKR /
CREEL DIANE C 0.01%  (6250) ATI / NPO / TKR / URS /