BidaskClub downgraded shares of Park-Ohio (NASDAQ:PKOH) from a buy rating to a hold rating in a research report released on Thursday.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Park-Ohio from a buy rating to a hold rating in a research note on Friday, November 10th. ValuEngine downgraded Park-Ohio from a strong-buy rating to a buy rating in a research note on Thursday, November 9th. B. Riley reiterated a neutral rating on shares of Park-Ohio in a research report on Wednesday, November 1st. Finally, FBR & Co reiterated a hold rating on shares of Park-Ohio in a research report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Park-Ohio currently has a consensus rating of Hold and an average price target of $42.00.

Shares of Park-Ohio (NASDAQ PKOH) traded down $0.60 on Thursday, reaching $42.70. The company had a trading volume of 18,299 shares, compared to its average volume of 23,339. The company has a market cap of $535.07, a P/E ratio of 14.09 and a beta of 3.47. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.39 and a current ratio of 2.36. Park-Ohio has a 52-week low of $34.25 and a 52-week high of $47.80.

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 the Zacks’ consensus estimate of $0.87 by ($0.05). The company 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%. equities analysts predict that Park-Ohio will post 3.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.17%. Park-Ohio’s dividend payout ratio (DPR) is presently 21.19%.

In other news, insider Robert D. Vilsack sold 1,093 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $46.91, for a total value of $51,272.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Matthew V. Crawford sold 15,808 shares of the company’s stock in a transaction on Monday, September 11th. The shares were 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 owns 1,032,645 shares of the company’s stock, valued at approximately $40,758,498.15. The disclosure for this sale can be found here. Insiders have sold a total of 54,743 shares of company stock valued at $2,371,506 in the last quarter. 31.00% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Park-Ohio by 154.5% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,067 shares of the industrial products company’s stock valued at $231,000 after buying an additional 3,076 shares during the period. Algert Global LLC lifted its holdings in shares of Park-Ohio by 229.9% in the third quarter. Algert Global LLC now owns 44,348 shares of the industrial products company’s stock valued at $2,022,000 after buying an additional 30,906 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Park-Ohio by 9.3% in the third quarter. California Public Employees Retirement System now owns 39,470 shares of the industrial products company’s stock valued at $1,800,000 after buying an additional 3,370 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Park-Ohio by 117.3% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 11,300 shares of the industrial products company’s stock valued at $514,000 after buying an additional 6,100 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Park-Ohio by 12.4% in the third quarter. Royce & Associates LP now owns 159,632 shares of the industrial products company’s stock valued at $7,279,000 after buying an additional 17,552 shares during the period. Institutional investors and hedge funds own 55.93% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Park-Ohio (PKOH) Downgraded by BidaskClub” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/12/10/park-ohio-pkoh-downgraded-by-bidaskclub.html.

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.

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.