TheStreet upgraded shares of Park-Ohio (NASDAQ:PKOH) from a c+ rating to a b- rating in a report issued on Friday.
PKOH has been the topic of several other reports. Zacks Investment Research upgraded Park-Ohio from a hold rating to a buy rating and set a $45.00 price target on the stock in a research report on Friday, May 18th. BidaskClub upgraded Park-Ohio from a strong sell rating to a sell rating in a research report on Thursday, May 17th. Finally, ValuEngine lowered Park-Ohio from a strong-buy rating to a buy rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and an average price target of $41.00.
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Park-Ohio opened at $39.85 on Friday, Marketbeat reports. Park-Ohio has a 12-month low of $34.95 and a 12-month high of $47.90. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.47 and a current ratio of 2.47. The firm has a market capitalization of $492.67 million, a PE ratio of 12.34 and a beta of 2.79.
Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.11. Park-Ohio had a return on equity of 15.41% and a net margin of 1.94%. The business had revenue of $405.70 million for the quarter, compared to analyst estimates of $376.33 million. analysts forecast that Park-Ohio will post 3.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 29th. Shareholders of record on Tuesday, May 15th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, May 14th. This represents a $0.50 annualized dividend and a yield of 1.25%. Park-Ohio’s dividend payout ratio is presently 15.48%.
In other Park-Ohio news, insider Edward F. Crawford sold 8,500 shares of Park-Ohio stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $40.75, for a total transaction of $346,375.00. Following the transaction, the insider now directly owns 1,632,528 shares in the company, valued at $66,525,516. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $42.00, for a total value of $42,000.00. Following the transaction, the director now owns 79,495 shares in the company, valued at $3,338,790. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,884 shares of company stock worth $1,910,912. Corporate insiders own 31.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of PKOH. Dimensional Fund Advisors LP raised its stake in shares of Park-Ohio by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 811,260 shares of the industrial products company’s stock valued at $31,518,000 after purchasing an additional 15,708 shares during the period. Private Management Group Inc. raised its stake in shares of Park-Ohio by 1.2% in the 4th quarter. Private Management Group Inc. now owns 638,747 shares of the industrial products company’s stock valued at $29,350,000 after purchasing an additional 7,566 shares during the period. BlackRock Inc. raised its stake in shares of Park-Ohio by 0.4% in the 4th quarter. BlackRock Inc. now owns 497,594 shares of the industrial products company’s stock valued at $22,865,000 after purchasing an additional 2,053 shares during the period. LSV Asset Management raised its stake in shares of Park-Ohio by 1.5% in the 1st quarter. LSV Asset Management now owns 445,174 shares of the industrial products company’s stock valued at $17,295,000 after purchasing an additional 6,600 shares during the period. Finally, Teton Advisors Inc. raised its stake in shares of Park-Ohio by 2.1% in the 1st quarter. Teton Advisors Inc. now owns 175,500 shares of the industrial products company’s stock valued at $6,818,000 after purchasing an additional 3,600 shares during the period. Hedge funds and other institutional investors own 55.80% of the company’s stock.
Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.