Timken Company (TKR): Today's Featured Industrial Winner
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Industrial industry higher today making it today's featured industrial winner. The industry as a whole closed the day down 0.1%. By the end of trading, Timken Company rose 62 cents (1.5%) to $41.41 on average volume. Throughout the day, 1.5 million shares of Timken Company exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in a price between $40.27-$41.74 after having opened the day at $40.58 as compared to the previous trading day's close of $40.79. Other companies within the Industrial industry that increased today were:
(
), up 13%,
(
), up 13%,
(
), up 7.9%, and
(
), up 7.4%.
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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. Timken Company has a market cap of $3.91 billion and is part of the industrial goods sector. The company has a P/E ratio of 7.6, below the S&P 500 P/E ratio of 17.7. Shares are up 5.3% year to date as of the close of trading on Monday. Currently there are seven analysts that rate Timken Company a buy, no analysts rate it a sell, and two rate it a hold.
TheStreet Ratings rates Timken Company as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Timken Ratings Report.
On the negative front,
(
), down 10.2%,
(
), down 8.5%,
(
), down 7.9%, and
(
), down 7.5%, were all laggards within the industrial industry with
(
) being today's industrial industry laggard.
- Use our industrial section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!
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