Park-Ohio Holdings Corp. (PKOH) Insider Sells $51,272.63 in Stock
Park-Ohio Holdings Corp. (NASDAQ:PKOH) insider Robert D. Vilsack sold 1,093 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $46.91, for a total transaction of $51,272.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded down $0.50 during midday trading on Thursday, hitting $46.50. 25,090 shares of the company traded hands, 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. The company has a market cap of $588.31, a P/E ratio of 15.49 and a beta of 3.52. Park-Ohio Holdings Corp. has a fifty-two week low of $34.25 and a fifty-two week high of $47.80.
Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.05). The firm had revenue of $352.20 million for the quarter, compared to the consensus estimate of $345.17 million. Park-Ohio had a return on equity of 14.79% and a net margin of 2.16%. sell-side analysts anticipate that Park-Ohio Holdings Corp. will post 3.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors 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 was Monday, November 13th. Park-Ohio’s dividend payout ratio is currently 21.19%.
Several research analysts have weighed in on PKOH shares. FBR & Co upped their price objective on shares of Park-Ohio from $33.00 to $37.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 9th. BidaskClub raised shares of Park-Ohio from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Park-Ohio from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, ValuEngine downgraded shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Park-Ohio currently has a consensus rating of “Hold” and a consensus price target of $42.00.
Large investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its stake in 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 valued at $188,000 after purchasing an additional 346 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in Park-Ohio during the 2nd quarter valued at $197,000. Royal Bank of Canada raised its stake in 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 valued at $216,000 after purchasing an additional 37 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Park-Ohio during the 2nd quarter valued at $228,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in 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 valued at $231,000 after purchasing an additional 3,076 shares during the last quarter. Hedge funds and other institutional investors own 56.00% of the company’s stock.
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Park-Ohio 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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