BidaskClub upgraded shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.
Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Park-Ohio Holdings Corp. from a c rating to a b- rating in a research note on Monday, May 8th. Zacks Investment Research raised shares of Park-Ohio Holdings Corp. from a hold rating to a buy rating and set a $44.00 target price for the company in a research note on Friday, August 11th. Finally, FBR & Co raised their target price on shares of Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a mkt perform rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $45.75.
Park-Ohio Holdings Corp. (PKOH) traded down 0.37% during mid-day trading on Wednesday, reaching $40.55. 38,400 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $39.43 and a 200 day moving average price of $38.96. Park-Ohio Holdings Corp. has a 52-week low of $30.01 and a 52-week high of $47.00. The company has a market cap of $494.67 million, a PE ratio of 15.35 and a beta of 3.47.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The company had revenue of $350.90 million during the quarter, compared to analysts’ expectations of $355.83 million. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. Equities analysts predict that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “BidaskClub Upgrades Park-Ohio Holdings Corp. (PKOH) to “Hold”” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://stocknewstimes.com/2017/08/20/bidaskclub-upgrades-park-ohio-holdings-corp-pkoh-to-hold.html.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.50 annualized dividend and a dividend yield of 1.23%. Park-Ohio Holdings Corp.’s dividend payout ratio is presently 18.80%.
In related news, Director James W. Wert sold 2,500 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $40.80, for a total value of $102,000.00. Following the completion of the transaction, the director now directly owns 81,695 shares of the company’s stock, valued at $3,333,156. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick V. Auletta sold 2,010 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $38.55, for a total transaction of $77,485.50. Following the completion of the transaction, the director now directly owns 18,645 shares of the company’s stock, valued at $718,764.75. The disclosure for this sale can be found here. 31.00% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new position in Park-Ohio Holdings Corp. during the fourth quarter valued at $162,000. American International Group Inc. increased its stake in shares of Park-Ohio Holdings Corp. by 7.1% in the first quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock valued at $188,000 after buying an additional 346 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Park-Ohio Holdings Corp. during the second quarter valued at about $197,000. Wedge Capital Management L L P NC increased its stake in shares of Park-Ohio Holdings Corp. by 3.8% in the first quarter. Wedge Capital Management L L P NC now owns 5,558 shares of the industrial products company’s stock valued at $200,000 after buying an additional 202 shares in the last quarter. Finally, Oxford Asset Management acquired a new stake in shares of Park-Ohio Holdings Corp. during the first quarter valued at about $202,000. 58.38% of the stock is owned by institutional investors and hedge funds.
Park-Ohio Holdings Corp. 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.
