NEW YORK (

TheStreet

) --

Timken Company

(NYSE:

TKR

) hit a new 52-week high Tuesday as it is currently trading at $54.99, above its previous 52-week high of $53.91 with 74,800 shares traded as of 9:37 a.m. ET. Average volume has been 810,000 shares over the past 30 days.

Timken has a market cap of $5.2 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are up 6.6% year to date as of the close of trading on Monday.

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The Timken Company develops, manufactures, markets, and sells anti-friction bearings and related products and steel products primarily in the United States and Europe. The company has a P/E ratio of 19.3, above the average industrial industry P/E ratio of 18.8 and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates Timken as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Timken Ratings Report

.

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