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Last $33.10 USD
Change Today +1.12 / 3.50%
Volume 866.4K
TKR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 2:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

timken co (TKR) Snapshot

Open
$31.98
Previous Close
$31.98
Day High
$33.24
Day Low
$31.96
52 Week High
07/29/14 - $48.05
52 Week Low
07/27/15 - $31.36
Market Cap
2.9B
Average Volume 10 Days
684.6K
EPS TTM
$2.69
Shares Outstanding
86.4M
EX-Date
05/14/15
P/E TM
12.3x
Dividend
$1.04
Dividend Yield
3.06%
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 bearings, transmissions, gearboxes, and chain and related products worldwide. It operates in two segments: Mobile Industries and Process Industries. 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 parts to on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives; power transmission systems and flight-critical components for civil and military aircraft, which comprise bearings, helicopter transmission systems, rotor-head assemblies, turbine engine components, gears, and housings; and offers aftermarket products and services, including complete engine overhaul, aerospace bearing repair, component reconditioning, and replacement parts. 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. In addition, this segment manufactures precision bearings, complex assemblies, and sensors for manufacturers of health and critical motion control equipment. The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio.

16,000 Employees
Last Reported Date: 05/1/15
Founded in 1899

timken co (TKR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $850.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $417.1K
Executive Vice President and Group President
Total Annual Compensation: $512.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $455.1K
Principal Accounting Officer, Senior Vice Pre...
Total Annual Compensation: $282.0K
Compensation as of Fiscal Year 2014.

timken co (TKR) Key Developments

Timken Co. Appoints Doug Behn as Director of Global Accounting and External Reporting

Timken Co. has appointed Doug Behn as director of global accounting and external reporting. He comes to the company from Deloitte & Touche and will be responsible for providing senior-level technical accounting expertise, which includes following U.S. Generally Accepted Accounting Principles and fiscal and statutory reporting requirements at international locations. A certified public accountant, Behn earned bachelor's and master's degrees in accounting from Ohio State University.

The Timken Company Enters into Third Amended and Restated Credit Agreement with Bank of America, N.A. and Keybank National Association

On June 19, 2015, The Timken Company entered into a Third Amended and Restated Credit Agreement with Bank of America, N.A. and KeyBank National Association as Co-Administrative Agents, KeyBank National Association as Paying Agent, L/C Issuer and Swing Line Lender, and the other lenders party thereto. The Credit Agreement amends and restates the Company's previous credit agreement dated as of May 11, 2011. The Credit Agreement matures on June 19, 2020 and is a $500 million unsecured revolving credit facility. The interest rate is based on grid pricing determined by the Company's debt rating. In addition, the company will pay a facility fee based on its debt rating times the aggregate commitments of all of the Lenders. The Credit Agreement is not secured by assets of the Company. The Company had no outstanding borrowings under the Credit Agreement as of June 19, 2015. Under the terms of the Credit Agreement, the Company is entitled on one or more occasions, subject to the satisfaction of certain conditions, to request an increase in the commitments under the Credit Agreement in the aggregate principal amount of up to $250 million to the extent that existing or new Lenders agree to provide such additional commitments. The Company is also permitted to add one or more foreign subsidiaries as a borrower under the Credit Agreement from time to time with the consent of the Lenders. The Credit Agreement contains certain customary representations, warranties and covenants, including financial covenants that require the Company to maintain a consolidated leverage ratio and a consolidated interest coverage ratio in accordance with the limits set therein. The Credit Agreement is subject to customary events of default. If any event of default occurs and is continuing, the Lenders may instruct the Co-Administrative Agents to accelerate amounts due under the Credit Agreement (except for a bankruptcy event of default, in which case such amounts will automatically become due and payable) and exercise other rights and remedies.

The Timken Company Presents at Stifel Industrials Conference 2015, Jun-16-2015 03:00 PM

The Timken Company Presents at Stifel Industrials Conference 2015, Jun-16-2015 03:00 PM. Venue: The New York Palace Hotel, 455 Madison Ave., New York, NY 10022, United States. Speakers: Christopher A. Coughlin, Executive Vice President and Group President, Philip D. Fracassa, Chief Financial Officer and Executive Vice President.

 

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Industry Analysis

TKR

Industry Average

Valuation TKR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.7x
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