TKR - The Timken Company: Still Looking Good Into 2024
2024-02-01 22:50:47 ET
Summary
- The Timken Company's shares have rallied in the fourth quarter on the back of improved growth prospects and non-demanding valuations.
- The company produces bearings, power transmission products, and related products and services for various industries, and simply has become a better business over time.
- Despite a softer third quarter, I see further growth in 2024 and prospects for a valuation re-rating.
In November, I wrote a marketplace article in which I believed that shares of The Timken Company ( TKR ) had reached interesting territory . This came after shares have been lagging, resulting in more modest valuations for the producer of bearings, power transmission products and related products. ...
The Timken Company: Still Looking Good Into 2024