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The eBearing News
August 31, 2005
Timken Named to S&P MidCap 400
copyright © 2005 eBearing Inc.
The Timken Company (USA, publicly traded on the NYSE as TKR) has been named to the
Standard & Poor's MidCap 400 Index.
Timken is replacing Coventry Health in the MidCap 400; Timken will be placed in the
S&P MidCap 400 Global Industry Classification Standard (GICS) Industrial Machinery Sub-Industry Index.
Now, 58 companies make up the Industrial portion of the index.
S&P describes the MidCap 400:
The S&P MidCap 400 is the most widely used index for mid-sized companies. Today, mid-caps are
recognized as an independent asset class, with risk/reward profiles that differ considerably from
both large-caps and small-caps. It covers approximately 7% of the U.S. equities market, and is part
of a series of S&P U.S. indices that can be used as building blocks for portfolio construction.
Timken's resulting vacant position in the SmallCap 600 is being taken by ASV Inc.
S&P made the changes, cautioning, "Additions to and deletions from an S&P equity index do not in
any way reflect an opinion on the
investment merits of the companies concerned."
S&P Index Methodology
Almost exactly four years ago, in mid-August 2001, Timken was removed from the prestigious S&P 500
and moved to the SmallCap 600.
article: Timken removed from S&P 500
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- by Bruce A. Carr
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Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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