Park-Ohio Holdings Corp. (PKOH) Trading Up 3.2%
Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s share price was up 3.2% on Tuesday . The stock traded as high as $38.50 and last traded at $36.39, with a volume of 75,704 shares changing hands. The stock had previously closed at $35.26.
A number of analysts have commented on PKOH shares. FBR & Co lowered shares of Park-Ohio Holdings Corp. from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $50.00 to $33.00 in a research note on Thursday, May 5th. TheStreet lowered shares of Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Zacks Investment Research lowered shares of Park-Ohio Holdings Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, May 6th. Finally, Sidoti started coverage on shares of Park-Ohio Holdings Corp. in a research note on Tuesday. They set a “buy” rating and a $50.00 price objective for the company.
The company’s 50 day moving average price is $32.37 and its 200-day moving average price is $32.69. The stock has a market capitalization of $447.83 million and a P/E ratio of 12.40.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.03. On average, equities research analysts predict that Park-Ohio Holdings Corp. will post $3.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a $0.125 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.36%.
In related news, Director James W. Wert sold 2,000 shares of Park-Ohio Holdings Corp. stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $36.26, for a total value of $72,520.00. Following the completion of the transaction, the director now directly owns 87,060 shares of the company’s stock, valued at $3,156,795.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick W. Fogarty sold 2,300 shares of Park-Ohio Holdings Corp. stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $34.04, for a total value of $78,292.00. Following the completion of the transaction, the director now directly owns 65,202 shares of the company’s stock, valued at $2,219,476.08. The disclosure for this sale can be found here.
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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