Park-Ohio Holdings Corp. (PKOH) Stock Price Up 3.2%
Park-Ohio Holdings Corp. (NASDAQ:PKOH) shares rose 3.2% during mid-day trading on Tuesday . The stock traded as high as $38.50 and last traded at $36.39, with a volume of 75,704 shares. The stock had previously closed at $35.26.
PKOH has been the topic of several recent research reports. Zacks Investment Research upgraded Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Saturday, August 13th. Sidoti began coverage on Park-Ohio Holdings Corp. in a report on Tuesday. They issued a “buy” rating on the stock. TheStreet lowered Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, FBR & Co lowered Park-Ohio Holdings Corp. from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $50.00 to $33.00 in a report on Thursday, May 5th.
The company has a market cap of $442.37 million and a P/E ratio of 12.25. The firm’s 50-day moving average price is $32.01 and its 200-day moving average price is $32.59.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Equities research analysts forecast that Park-Ohio Holdings Corp. will post $3.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.37%.
In other Park-Ohio Holdings Corp. news, Director James W. Wert sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $35.00, for a total transaction of $35,000.00. Following the transaction, the director now owns 88,060 shares in the company, valued at approximately $3,082,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew V. Crawford sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $34.64, for a total value of $866,000.00. Following the transaction, the chief operating officer now owns 1,017,647 shares in the company, valued at approximately $35,251,292.08. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Park-Ohio Holdings Corp. stock. Bank of Montreal Can bought a new position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,224 shares of the company’s stock, valued at approximately $1,295,000. Bank of Montreal Can owned 0.29% of Park-Ohio Holdings Corp. at the end of the most recent quarter.
Park-Ohio Holdings Corp. operates through the subsidiaries owned by its direct subsidiary, Park-Ohio Industries, Inc (Park-Ohio). Park-Ohio is an industrial supply chain logistics and diversified manufacturing business operating in three segments: Supply Technologies, Assembly Components and Engineered Products.
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