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%.

TRADEMARK VIOLATION WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/08/17/james-w-wert-sells-2500-shares-of-park-ohio-holdings-corp-pkoh-stock.html.

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.

Insider Buying and Selling by Quarter for Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Receive News & Ratings for Park-Ohio Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park-Ohio Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.