Park-Ohio Holdings Corp. (NASDAQ:PKOH) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.125 per share by the industrial products company on Wednesday, November 27th. This represents a $0.50 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Tuesday, November 12th.
NASDAQ:PKOH opened at $32.90 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.32 and a current ratio of 2.34. The company has a market capitalization of $417.46 million, a price-to-earnings ratio of 7.69 and a beta of 2.31. Park-Ohio has a one year low of $25.74 and a one year high of $38.77. The stock has a 50-day simple moving average of $30.07 and a 200 day simple moving average of $31.12.
Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.13). The business had revenue of $403.40 million during the quarter, compared to analyst estimates of $430.20 million. Park-Ohio had a return on equity of 16.27% and a net margin of 2.78%. On average, equities research analysts forecast that Park-Ohio will post 4.15 EPS for the current fiscal year.
PKOH has been the topic of several recent research reports. B. Riley decreased their price target on shares of Park-Ohio from $40.00 to $30.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. BidaskClub raised shares of Park-Ohio from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Park-Ohio from a “hold” rating to a “strong sell” rating in a research report on Saturday. TheStreet lowered shares of Park-Ohio from a “b-” rating to a “c+” rating in a research report on Monday, August 5th. Finally, ValuEngine lowered shares of Park-Ohio from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Park-Ohio currently has an average rating of “Hold” and an average target price of $30.50.
In other Park-Ohio news, Director Ronna Romney sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $26.14, for a total transaction of $130,700.00. Following the completion of the transaction, the director now owns 18,909 shares of the company’s stock, valued at approximately $494,281.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 31.20% of the stock is owned by insiders.
Park-Ohio Company Profile
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.
Further Reading: Dividend Yield
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