B. Riley Comments on Park-Ohio Holdings Corp.’s Q2 2018 Earnings (PKOH)
Park-Ohio Holdings Corp. (NASDAQ:PKOH) – B. Riley issued their Q2 2018 earnings per share estimates for Park-Ohio Holdings Corp. in a report released on Wednesday. B. Riley analyst C. Horn anticipates that the industrial products company will post earnings per share of $0.89 for the quarter. B. Riley currently has a “Neutral” rating on the stock.
Other analysts also recently issued research reports about the company. Zacks Investment Research raised Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, August 11th. ValuEngine downgraded Park-Ohio Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.67.
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Shares of Park-Ohio Holdings Corp. (PKOH) opened at $41.90 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.44 and a current ratio of 2.36. The firm has a market capitalization of $525.05, a price-to-earnings ratio of 13.83 and a beta of 3.52. Park-Ohio Holdings Corp. has a 12 month low of $34.25 and a 12 month high of $47.80.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $352.20 million for the quarter, compared to the consensus estimate of $345.17 million. Park-Ohio Holdings Corp. had a net margin of 2.16% and a return on equity of 14.79%.
Several institutional investors and hedge funds have recently bought and sold shares of PKOH. Deprince Race & Zollo Inc. bought a new stake in shares of Park-Ohio Holdings Corp. in the 2nd quarter worth $5,744,000. Rice Hall James & Associates LLC bought a new stake in shares of Park-Ohio Holdings Corp. in the 3rd quarter worth $2,589,000. Dimensional Fund Advisors LP raised its stake in shares of Park-Ohio Holdings Corp. by 8.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 717,368 shares of the industrial products company’s stock worth $27,332,000 after buying an additional 55,315 shares in the last quarter. Northpointe Capital LLC raised its stake in shares of Park-Ohio Holdings Corp. by 42.6% in the 3rd quarter. Northpointe Capital LLC now owns 173,362 shares of the industrial products company’s stock worth $7,905,000 after buying an additional 51,782 shares in the last quarter. Finally, Monarch Partners Asset Management LLC raised its stake in shares of Park-Ohio Holdings Corp. by 346.1% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 63,660 shares of the industrial products company’s stock worth $2,425,000 after buying an additional 49,390 shares in the last quarter. 55.71% of the stock is currently owned by institutional investors.
In other news, insider Robert D. Vilsack sold 1,471 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $45.75, for a total value of $67,298.25. Following the sale, the insider now owns 93,527 shares of the company’s stock, valued at approximately $4,278,860.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Matthew V. Crawford sold 15,808 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $39.47, for a total value of $623,941.76. Following the completion of the sale, the chief operating officer now directly owns 1,032,645 shares in the company, valued at approximately $40,758,498.15. The disclosure for this sale can be found here. Insiders sold a total of 39,650 shares of company stock worth $1,647,828 in the last three months. Company insiders own 31.00% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, November 13th. Park-Ohio Holdings Corp.’s dividend payout ratio is presently 21.19%.
Park-Ohio Holdings Corp. Company Profile
Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.
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