Timken Stock Hits New 52-Week High (TKR)

NEW YORK (TheStreet) -- Timken Company (NYSE:TKR) hit a new 52-week high Friday as it is currently trading at $57.26, above its previous 52-week high of $56.97 with 678,842 shares traded as of 11:25 a.m. ET. Average volume has been 913,300 shares over the past 30 days.

Timken has a market cap of $5.37 billion and is part of the industrial goods sector and industrial industry. Shares are up 44.5% year to date as of the close of trading on Thursday.

The Timken Company develops, manufactures, markets, and sells anti-friction bearings and assemblies, alloy steels, and mechanical power transmission systems. It operates through four segments: Mobile Industries, Process Industries, Aerospace and Defense, and Steel. The company has a P/E ratio of 10.9, below the average industrial industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Timken as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Timken Ratings Report.

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