Q1 2018 EPS Estimates for Park-Ohio Holdings Corp. (PKOH) Boosted by KeyCorp
Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Equities researchers at KeyCorp lifted their Q1 2018 EPS estimates for Park-Ohio Holdings Corp. in a research report issued on Wednesday. KeyCorp analyst S. Barger now expects that the industrial products company will post earnings of $0.91 per share for the quarter, up from their prior forecast of $0.87. KeyCorp also issued estimates for Park-Ohio Holdings Corp.’s Q3 2018 earnings at $1.01 EPS.
Several other brokerages have also recently weighed in on PKOH. ValuEngine cut Park-Ohio Holdings Corp. from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co reiterated a “hold” rating on shares of Park-Ohio Holdings Corp. in a report on Thursday, October 5th. Zacks Investment Research cut Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. B. Riley reiterated a “neutral” rating on shares of Park-Ohio Holdings Corp. in a report on Wednesday, November 1st. Finally, BidaskClub upgraded Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $44.67.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded up $0.55 during mid-day trading on Monday, hitting $41.15. The company’s stock had a trading volume of 26,200 shares, compared to its average volume of 32,564. Park-Ohio Holdings Corp. has a twelve month low of $34.25 and a twelve month high of $47.80. The stock has a market cap of $508.74, a PE ratio of 13.40 and a beta of 3.52. The company has a quick ratio of 1.39, a current ratio of 2.36 and a debt-to-equity ratio of 1.79.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.05). Park-Ohio Holdings Corp. had a return on equity of 14.79% and a net margin of 2.16%. The firm had revenue of $352.20 million during the quarter, compared to analysts’ expectations of $345.17 million.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PKOH. Deprince Race & Zollo Inc. bought a new position in shares of Park-Ohio Holdings Corp. in the 2nd quarter worth $5,744,000. Rice Hall James & Associates LLC bought a new position in shares of Park-Ohio Holdings Corp. in the 3rd quarter worth $2,589,000. Dimensional Fund Advisors LP raised its position 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 acquiring an additional 55,315 shares in the last quarter. Northpointe Capital LLC raised its position 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 acquiring an additional 51,782 shares in the last quarter. Finally, Monarch Partners Asset Management LLC increased its position in Park-Ohio Holdings Corp. by 346.1% during the 2nd quarter. Monarch Partners Asset Management LLC now owns 63,660 shares of the industrial products company’s stock valued at $2,425,000 after buying an additional 49,390 shares in the last quarter. 55.56% of the stock is owned by hedge funds and other 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 completion of the transaction, the insider now directly owns 93,527 shares of the company’s stock, valued at approximately $4,278,860.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction, the chief operating officer now directly owns 1,032,645 shares of the company’s stock, valued at $40,758,498.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,150 shares of company stock valued at $1,545,828. Corporate insiders own 31.00% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, November 13th. Park-Ohio Holdings Corp.’s payout ratio is 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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