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.

TRADEMARK VIOLATION NOTICE: “B. Riley Comments on Park-Ohio Holdings Corp.’s Q2 2018 Earnings (PKOH)” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/11/12/b-riley-comments-on-park-ohio-holdings-corp-s-q2-2018-earnings-pkoh.html.

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.

Earnings History and Estimates for Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Receive News & Ratings for Park-Ohio Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park-Ohio Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.