Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) Director James W. Wert sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total transaction of $38,970.00. Following the sale, the director now directly owns 82,690 shares of the company's stock, valued at approximately $2,148,286.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Park-Ohio Stock Up 2.6 %
PKOH stock opened at $26.47 on Thursday. The company has a quick ratio of 1.14, a current ratio of 2.27 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $345.96 million, a PE ratio of 42.02 and a beta of 1.23. Park-Ohio Holdings Corp. has a twelve month low of $11.17 and a twelve month high of $28.79. The stock has a 50-day simple moving average of $25.29 and a two-hundred day simple moving average of $23.93.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). The business had revenue of $389.30 million for the quarter, compared to the consensus estimate of $386.45 million. Park-Ohio had a net margin of 0.47% and a return on equity of 13.45%. During the same quarter last year, the business posted ($0.09) EPS. On average, equities analysts predict that Park-Ohio Holdings Corp. will post 3.36 EPS for the current fiscal year.
Park-Ohio Dividend Announcement
These AI trades triggered this morning (545% return)
From Prosper Trading Academy | Ad
If you think a market crash is possible in 2024, I don't know why you're not using this yet.
Click Here To Get Your Free Copy
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.125 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.50 annualized dividend and a yield of 1.89%. Park-Ohio's payout ratio is currently 79.37%.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Park-Ohio from a "hold" rating to a "buy" rating in a report on Tuesday, January 30th.
Get Our Latest Stock Analysis on Park-Ohio
Institutional Trading of Park-Ohio
Several hedge funds and other institutional investors have recently bought and sold shares of PKOH. Bank of New York Mellon Corp increased its stake in shares of Park-Ohio by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 70,469 shares of the industrial products company's stock valued at $991,000 after buying an additional 861 shares during the period. Vanguard Group Inc. grew its stake in Park-Ohio by 2.1% in the first quarter. Vanguard Group Inc. now owns 427,986 shares of the industrial products company's stock worth $6,022,000 after purchasing an additional 8,817 shares during the period. Gamco Investors INC. ET AL grew its stake in Park-Ohio by 10.1% in the first quarter. Gamco Investors INC. ET AL now owns 922,160 shares of the industrial products company's stock worth $12,975,000 after purchasing an additional 84,440 shares during the period. Gabelli Funds LLC grew its stake in Park-Ohio by 6.0% in the first quarter. Gabelli Funds LLC now owns 466,062 shares of the industrial products company's stock worth $6,557,000 after purchasing an additional 26,462 shares during the period. Finally, Teton Advisors Inc. grew its stake in Park-Ohio by 5.3% in the first quarter. Teton Advisors Inc. now owns 200,047 shares of the industrial products company's stock worth $2,815,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 51.38% of the company's stock.
About Park-Ohio
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
