Timken traded at $141.75 this Wednesday July 1st, decreasing $3.57 or 2.46 percent since the previous trading session. Looking back, over the last four weeks, Timken lost 7.47 percent. Over the last 12 months, its price rose by 84.76 percent. Looking ahead, we forecast Timken to be priced at 138.28 by the end of this quarter and at 129.83 in one year, according to Trading Economics global macro models projections and analysts expectations.
The Timken Company (Timken) is engaged in designing and managing a portfolio of engineered bearings and power transmission products and related services. The Company offers various products under the brand name Timken, Philadelphia Gear, Drives, Cone Drive, Rollon, Lovejoy, Diamond, BEKA and Groeneveld. The Company serves various market sectors, including industrial distribution, automotive, aerospace, rail, renewable energy, agriculture/turf, mining, construction, heavy truck, metals, fossil fuels and marine. Timken's bearing portfolio includes a range of engineered bearing products, including tapered, spherical and cylindrical roller bearings, thrust and ball bearings and housed units. It designs and manufactures a portfolio of Rollon engineered linear motion products, including linear guides, telescopic rails and linear actuators. Timken's Rollon linear motion product range also offers heavy-duty applications, such as seventh-axis robotic transfer units (RTUs) and gantry systems.