Park-Ohio Holdings Corp. (NASDAQ:PKOH) has earned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $45.00.
A number of research firms have weighed in on PKOH. Zacks Investment Research downgraded Park-Ohio from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded Park-Ohio from a “strong sell” rating to a “sell” rating in a research note on Thursday. ValuEngine downgraded Park-Ohio from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, TheStreet downgraded Park-Ohio from a “b-” rating to a “c+” rating in a research note on Wednesday, April 11th.
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Park-Ohio traded up $0.65, reaching $41.45, during mid-day trading on Monday, Marketbeat Ratings reports. The company had a trading volume of 25,184 shares, compared to its average volume of 28,952. The company has a quick ratio of 1.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.87. The company has a market cap of $509.53 million, a price-to-earnings ratio of 11.72 and a beta of 2.78. Park-Ohio has a 52 week low of $34.90 and a 52 week high of $47.90.
Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.11. The firm had revenue of $405.70 million during the quarter, compared to the consensus estimate of $376.33 million. Park-Ohio had a return on equity of 15.41% and a net margin of 1.94%. equities research analysts anticipate that Park-Ohio will post 3.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Tuesday, May 15th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.21%. Park-Ohio’s dividend payout ratio is 15.48%.
In other news, insider Edward F. Crawford sold 3,500 shares of Park-Ohio stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $40.58, for a total transaction of $142,030.00. Following the completion of the transaction, the insider now directly owns 1,644,228 shares in the company, valued at approximately $66,722,772.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $40.50, for a total value of $40,500.00. Following the transaction, the director now owns 79,495 shares of the company’s stock, valued at $3,219,547.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock valued at $569,905 over the last quarter. 31.20% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Foundry Partners LLC boosted its stake in shares of Park-Ohio by 6.5% during the 1st quarter. Foundry Partners LLC now owns 86,708 shares of the industrial products company’s stock worth $3,369,000 after acquiring an additional 5,329 shares during the period. Millennium Management LLC boosted its stake in shares of Park-Ohio by 6.0% during the 1st quarter. Millennium Management LLC now owns 31,635 shares of the industrial products company’s stock worth $1,229,000 after acquiring an additional 1,798 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Park-Ohio by 21.2% during the 1st quarter. GSA Capital Partners LLP now owns 20,459 shares of the industrial products company’s stock worth $795,000 after acquiring an additional 3,574 shares during the period. Foresters Investment Management Company Inc. boosted its stake in shares of Park-Ohio by 109.5% during the 1st quarter. Foresters Investment Management Company Inc. now owns 119,400 shares of the industrial products company’s stock worth $4,639,000 after acquiring an additional 62,400 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Park-Ohio by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 811,260 shares of the industrial products company’s stock worth $31,518,000 after acquiring an additional 15,708 shares during the period. Institutional investors own 55.22% of the company’s stock.
Park-Ohio Company Profile
Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, 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.