Park-Ohio Holdings Corp. Plans Quarterly Dividend of $0.13 (PKOH)
Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Monday, May 5th, AnalystRatings.Net reports. Stockholders of record on Friday, May 23rd will be paid a dividend of 0.125 per share on Monday, June 9th. This represents a $0.50 annualized dividend and a dividend yield of 0.87%.
A number of analysts have recently weighed in on PKOH shares. Analysts at FBR Capital Markets raised their price target on shares of Park-Ohio Holdings Corp. from $35.00 to $68.00 in a research note on Tuesday, April 1st. They now have an “outperform” rating on the stock. On a related note, analysts at Zacks downgraded shares of Park-Ohio Holdings Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 13th. They now have a $52.60 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of Park-Ohio Holdings Corp. in a research note on Thursday, February 13th. They set a “buy” rating on the stock.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded down 0.12% during mid-day trading on Monday, hitting $57.57. 53,643 shares of the company’s stock traded hands. Park-Ohio Holdings Corp. has a 52 week low of $30.61 and a 52 week high of $61.40. The stock’s 50-day moving average is $57.61 and its 200-day moving average is $49.12. The company has a market cap of $691.2 million and a P/E ratio of 16.21.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.05 by $0.23. The company had revenue of $317.80 million for the quarter, compared to the consensus estimate of $323.70 million. On average, analysts predict that Park-Ohio Holdings Corp. will post $4.57 earnings per share for the current fiscal year.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) conducts its business primarily through the subsidiaries owned by its direct subsidiary, Park-Ohio Industries, Inc (Park-Ohio).
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