The Timken Company: Firing On All Cylinders

Jun. 29, 2023 11:53 AM ETThe Timken Company (TKR) StockTKR
Prasanna Rajagopal
1.13K Followers

Summary

  • The Timken Company's stock has performed exceptionally well, but investors are advised not to chase the rally and wait for a lower entry price.
  • The company has also been actively repurchasing shares, contributing to the growth in EPS.
  • Current shareholders should hold onto the stock for the long term, while new investors should wait for a pullback.
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Aleksandr Yurkevich

In my last analysis of The Timken Company (NYSE:TKR) in October 2022, I rated it a hold. Since then, the stock has performed spectacularly. But, it is best for investors not to chase this rally and wait for a lower entry price. The Federal

This article was written by

1.13K Followers
Prasanna Rajagopal comes with in-depth knowledge of the technology industry, having spent over 15 years in various sectors of the software industry. Prasanna loves to learn and write about business and investment opportunities in technology, media, retail, and industrial companies. Prasanna has a M.B.A. from UCLA Anderson School of Management, a M.S. in Industrial Engineering from Wichita State University and a Bachelor's degree in Mechanical Engineering from University of Madras.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of TKR, VIS, VOO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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