Park-Ohio Holdings Corp. (PKOH) Shares Up 1.3%
Park-Ohio Holdings Corp. (NASDAQ:PKOH) shot up 1.3% during mid-day trading on Wednesday . The stock traded as high as $33.99 and last traded at $33.86, with a volume of 67,883 shares traded. The stock had previously closed at $33.41.
Several brokerages have recently issued reports on PKOH. Zacks Investment Research cut Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. TheStreet cut Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, FBR & Co cut Park-Ohio Holdings Corp. from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $50.00 to $33.00 in a report on Thursday, May 5th.
The stock has a market cap of $411.16 million and a PE ratio of 11.39. The stock has a 50 day moving average of $31.45 and a 200 day moving average of $32.32.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Equities analysts anticipate that Park-Ohio Holdings Corp. will post $3.10 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.48%.
In related news, Director Patrick W. Fogarty sold 2,300 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 65,202 shares of the company’s stock, valued at $2,219,476.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James W. Wert sold 3,000 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $34.69, for a total transaction of $104,070.00. Following the completion of the sale, the director now directly owns 91,060 shares of the company’s stock, valued at $3,158,871.40. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Park-Ohio Holdings Corp. stock. Schwab Charles Investment Management Inc. raised its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,703 shares of the company’s stock after buying an additional 515 shares during the period. Schwab Charles Investment Management Inc. owned about 0.39% of Park-Ohio Holdings Corp. worth $1,755,000 at the end of the most recent reporting period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.