Park-Ohio Holdings Corp. (PKOH) Director Patrick W. Fogarty Sells 13,500 Shares
Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Patrick W. Fogarty sold 13,500 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $47.05, for a total value of $635,175.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) traded down $0.50 during midday trading on Thursday, reaching $46.50. The company’s stock had a trading volume of 25,090 shares, compared to its average volume of 32,187. The company has a current ratio of 2.36, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79. Park-Ohio Holdings Corp. has a 52-week low of $34.25 and a 52-week high of $47.80. The firm has a market cap of $588.31, a price-to-earnings ratio of 15.49 and a beta of 3.52.
Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The firm had revenue of $352.20 million during the quarter, compared to analyst estimates of $345.17 million. Park-Ohio had a net margin of 2.16% and a return on equity of 14.79%. research analysts expect that Park-Ohio Holdings Corp. will post 3.18 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, November 13th. Park-Ohio’s dividend payout ratio (DPR) is currently 21.19%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PKOH. American International Group Inc. grew its holdings in shares of Park-Ohio by 7.1% during the 1st quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 346 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Park-Ohio during the 2nd quarter worth $197,000. Royal Bank of Canada grew its holdings in shares of Park-Ohio by 0.7% during the 2nd quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 37 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Park-Ohio during the 2nd quarter worth $228,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Park-Ohio by 154.5% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,067 shares of the industrial products company’s stock worth $231,000 after buying an additional 3,076 shares during the last quarter. 56.00% of the stock is currently owned by institutional investors.
PKOH has been the topic of a number of research analyst reports. Zacks Investment Research cut Park-Ohio from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. FBR & Co reaffirmed a “hold” rating on shares of Park-Ohio in a report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.00.
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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