News headlines about Park-Ohio Holdings Corp. (NASDAQ:PKOH) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Park-Ohio Holdings Corp. earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.1859805566605 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Park-Ohio Holdings Corp. breached its 50 day moving average in a Bullish Manner : PKOH-US : September 12, 2017 (finance.yahoo.com)
- Park-Ohio Holdings Corp. : PKOH-US: Dividend Analysis : August 11th, 2017 (record date) : By the numbers : September 12, 2017 (finance.yahoo.com)
- Park-Ohio Holdings Corp. (PKOH) COO Matthew V. Crawford Sells 15,808 Shares (americanbankingnews.com)
- Park-Ohio Holdings Corp. (PKOH) Raised to Buy at Zacks Investment Research (americanbankingnews.com)
- Zacks Investment Research Downgrades Park-Ohio Holdings Corp. (PKOH) to Hold (americanbankingnews.com)
Several analysts recently issued reports on the stock. ValuEngine upgraded shares of Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Friday, August 11th. FBR & Co upped their price objective on shares of Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the stock a “mkt perform” rating in a report on Wednesday, August 9th. Finally, BidaskClub lowered shares of Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Park-Ohio Holdings Corp. has a consensus rating of “Buy” and a consensus target price of $43.67.
Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) traded up 1.01% on Wednesday, reaching $40.20. 8,025 shares of the company’s stock traded hands. The stock has a market capitalization of $490.40 million, a PE ratio of 15.22 and a beta of 3.42. The company has a 50 day moving average of $39.76 and a 200-day moving average of $38.34. Park-Ohio Holdings Corp. has a 52 week low of $30.01 and a 52 week high of $47.00.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last posted its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. The company had revenue of $350.90 million during the quarter, compared to analysts’ expectations of $355.83 million. Equities research analysts forecast that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.50 annualized dividend and a dividend yield of 1.26%. Park-Ohio Holdings Corp.’s dividend payout ratio is 18.80%.
In other Park-Ohio Holdings Corp. news, Director James W. Wert sold 2,500 shares of Park-Ohio Holdings Corp. stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $40.80, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Matthew V. Crawford sold 15,808 shares of Park-Ohio Holdings Corp. 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 transaction, the chief operating officer now directly owns 1,032,645 shares of the company’s stock, valued at $40,758,498.15. The disclosure for this sale can be found here. 31.00% of the stock is currently owned by corporate insiders.
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About Park-Ohio Holdings Corp.
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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