|Bid||185.55 x 0|
|Ask||185.55 x 0|
|Day's Range||183.60 - 185.60|
|52 Week Range||141.30 - 198.30|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||12.76|
|Forward Dividend & Yield||6.00 (3.26%)|
|Ex-Dividend Date||Mar 29, 2019|
|1y Target Est||151.05|
In order to speed up the development of cloud-based condition monitoring technologies, SKF is consolidating its development footprint in Europe. Consequently, and subject to consultation with local employee representatives, SKF proposes to cease its development and supply chain activities in Livingston, Scotland.
In November 2020, SKF will arrange its Capital Markets Day in co-ordination with Sandvik and Volvo Group. The capital markets days will include visits to Sandvik and SKF sites in Austria and to Volvo in Gothenburg, Sweden.
Gerdau and SKF have signed a fee-based agreement aimed at increasing productivity and reducing unplanned downtime at Gerdau's Charqueadas and Araçariguama steel mills in Brazil.
An Indian antitrust investigation has found that units of Tata Steel, Sweden's SKF and Germany's Schaeffler colluded on the pricing of bearings, a report seen by Reuters shows, opening them up to potential fines. The Competition Commission of India (CCI) began an investigation in 2017 after allegations that five companies colluded on bearings prices from 2009-2014 to pass higher raw material costs onto customers in the auto sector. European Union antitrust regulators fined SKF, Schaeffler and three Japanese auto parts makers $1.3 billion in 2014 for taking part in a bearings cartel from 2004 through 2011.
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