Timken, based in North Canton, Ohio, generated $4.6 billion in sales in 2025, with two-thirds from engineered bearings and one-third from industrial motion. The company is targeting significant growth in the automation and robotics sectors, which are expected to see revenues soar from $100 billion in 2025 to $2.5 trillion by 2035, according to JPMorgan.
Timken's new CEO, Lucian Boldea, who took over in September 2025, is implementing a three-part plan called Elevate to Outperform, aimed at reshaping the company's portfolio and accelerating growth. Recent strategic moves include divesting its Belts business to improve margins and acquiring Bijur Delimon, an automated-lubrication company, to enhance its presence in key markets.
Timken's management has set ambitious targets, aiming for adjusted earnings per share of about $8.50 by 2028, a 55% increase from $5.33 in 2025, and sales growth to $5 billion to $5.2 billion. Despite a 30% increase in stock value this year, Timken's forward price-earnings ratio remains attractive at about 15, compared to the industrial sector's average of 27.
The company also maintains a strong dividend history, with over 100 years of quarterly payments and 13 consecutive years of increases, suggesting stability amid its growth initiatives