Yes, the 74HC4060 will provide a low frequency squarewave to change the direction of the motor.
The circuit isn't quite right. I suggest checking it.
The 74HC4060 will be powered off a lower voltage, of around 5V. D1 will be a reverse biased zener diode, likely 4.7V or 5.1V. The polarity is wrong in your schematic.
Check the resistor values. They look off. I'd expect they're all E24 numbers i.e. base units of 10, 11, 12, 13, 15, 16, 18, 20, 22, 24, 27, 30, 33, 36, 39, 43, 47, 51, 56, 62, 68, 75, 82, 91, not random values like 44 or 55.
The 10µF capacitors will be polarised.