James W. Wert Sells 2,500 Shares of Park-Ohio Holdings Corp. (PKOH) Stock
Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James W. Wert sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $40.80, for a total value of $102,000.00. Following the transaction, the director now owns 81,695 shares in the company, valued at approximately $3,333,156. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Park-Ohio Holdings Corp. (PKOH) traded down 0.25% during trading on Thursday, reaching $40.70. The company had a trading volume of 43,360 shares. The stock has a 50 day moving average of $39.32 and a 200-day moving average of $38.98. The stock has a market capitalization of $496.50 million, a P/E ratio of 15.40 and a beta of 3.47. Park-Ohio Holdings Corp. has a 12-month low of $30.01 and a 12-month high of $47.00.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.02. The company had revenue of $350.90 million during the quarter, compared to the consensus estimate of $355.83 million. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. On average, analysts forecast that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.50 annualized dividend and a yield of 1.23%. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is 18.80%.
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PKOH has been the topic of a number of research analyst reports. TheStreet upgraded Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a report on Monday, May 8th. Zacks Investment Research raised Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. BidaskClub cut Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, FBR & Co boosted their price target on Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the stock a “mkt perform” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.25.
Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in shares of Park-Ohio Holdings Corp. during the fourth quarter valued at $162,000. American International Group Inc. increased its stake in shares of Park-Ohio Holdings Corp. by 7.1% in the first quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock valued at $188,000 after buying an additional 346 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Park-Ohio Holdings Corp. during the second quarter valued at $197,000. Wedge Capital Management L L P NC increased its stake in shares of Park-Ohio Holdings Corp. by 3.8% in the first quarter. Wedge Capital Management L L P NC now owns 5,558 shares of the industrial products company’s stock valued at $200,000 after buying an additional 202 shares during the period. Finally, Oxford Asset Management purchased a new stake in shares of Park-Ohio Holdings Corp. during the first quarter valued at $202,000. Institutional investors own 58.38% of the company’s stock.
Park-Ohio Holdings Corp. Company Profile
Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.
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