A turret type machine tool indexable to selected positions with a plurality of identical tools supported in each of the indexed positions to work on a like number of rotatable workpieces. The tool carrying turret is indexable about an axis located in the same plane as the axes of rotation of the workpieces. The turret is movable in a vertical plane between working and nonworking positions on bearings which are symmetrically disposed relative to the plane so that tool loads at the workpieces are distributed to the remainder of the machine symmetrically relative to the same common plane.