Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) declared a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Friday, February 7th will be given a dividend of 0.125 per share by the industrial products company on Friday, February 21st. This represents a $0.50 annualized dividend and a dividend yield of 2.01%.
Park-Ohio has a dividend payout ratio of 12.1% indicating that its dividend is sufficiently covered by earnings.
Park-Ohio stock traded down $0.20 during trading hours on Friday, hitting $24.83. The stock had a trading volume of 2,392 shares, compared to its average volume of 23,631. The company has a 50-day moving average of $28.37 and a two-hundred day moving average of $28.83. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The company has a market cap of $348.66 million, a PE ratio of 19.86 and a beta of 1.21. Park-Ohio has a fifty-two week low of $22.74 and a fifty-two week high of $34.50.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.89 by $0.18. The firm had revenue of $417.60 million during the quarter. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%.
In other news, Director Patrick V. Auletta sold 9,800 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $31.43, for a total value of $308,014.00. Following the sale, the director now directly owns 12,135 shares in the company, valued at approximately $381,403.05. This represents a 44.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert D. Vilsack sold 3,556 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total value of $112,618.52. Following the sale, the insider now owns 187,764 shares in the company, valued at approximately $5,946,485.88. This trade represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 33.04% of the company's stock.
Separately, StockNews.com raised Park-Ohio from a "hold" rating to a "buy" rating in a report on Thursday, November 28th.
View Our Latest Analysis on PKOH
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Park-Ohio, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Park-Ohio wasn't on the list.
While Park-Ohio currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.