Timken Reaches New 52-Week High (TKR)

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.

NEW YORK ( TheStreet) -- Timken Company (NYSE: TKR) hit a new 52-week high Tuesday as it is currently trading at $58.88, above its previous 52-week high of $58.85 with 116,491 shares traded as of 1:01 p.m. ET. Average volume has been 678,800 shares over the past 30 days.

Timken has a market cap of $5.55 billion and is part of the industrial goods sector and industrial industry. Shares are up 21.5% year to date as of the close of trading on Monday.

The Timken Company engineers, manufactures, and markets mechanical components and high-performance steel products worldwide. It operates through four segments: Mobile Industries, Process Industries, Aerospace and Defense, and Steel. The company has a P/E ratio of 13.6, 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 largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and solid stock price performance. 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.

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