(April 1, 2011)
Timken Company (NYSE:TKR) hit a new 52-week high Friday as it traded at $52.90 compared with its previous 52-Week high of $52.69. Timken is changing hands at $52.89 with 29,933 shares traded as of 9:37 a.m. ET. Average volume has been 831,600 shares over the past 30 days.
Timken has a market cap of $5.1 billion and is part of the industrial goods sector and industrial industry. Shares are up 9.6% year to date as of the close of trading on Thursday.
The Timken Company, together with its subsidiaries, manufactures engineered anti-friction bearings and assemblies, alloy steels, aerospace power transmission systems, and related products and services worldwide. The company has a P/E ratio of 18.9, above the average industrial industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 16.4.