Park-Ohio Holdings Corp. (NASDAQ:PKOH) to Issue Quarterly Dividend of $0.13

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Friday, July 19th, Zacks reports. Shareholders of record on Friday, August 2nd will be given a dividend of 0.125 per share by the industrial products company on Friday, August 16th. This represents a $0.50 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, August 2nd.

Park-Ohio has raised its dividend payment by an average of 26.0% per year over the last three years. Park-Ohio has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings.

Park-Ohio Stock Performance

Shares of PKOH opened at $30.57 on Wednesday. Park-Ohio has a one year low of $17.41 and a one year high of $31.95. The business has a fifty day moving average of $26.12 and a 200 day moving average of $25.64. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.25 and a quick ratio of 1.16. The firm has a market capitalization of $399.55 million, a P/E ratio of 33.59 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.76 by $0.09. The firm had revenue of $417.60 million during the quarter, compared to analyst estimates of $439.00 million. Park-Ohio had a net margin of 0.70% and a return on equity of 13.93%. During the same quarter in the prior year, the firm earned $0.72 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th.

Insider Transactions at Park-Ohio

In related news, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $26.57, for a total transaction of $26,570.00. Following the completion of the transaction, the director now directly owns 81,690 shares in the company, valued at approximately $2,170,503.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Park-Ohio news, CEO Matthew V. Crawford bought 5,272 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average price of $23.96 per share, for a total transaction of $126,317.12. Following the completion of the transaction, the chief executive officer now owns 864,813 shares of the company’s stock, valued at approximately $20,720,919.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $26.57, for a total value of $26,570.00. Following the completion of the transaction, the director now directly owns 81,690 shares in the company, valued at $2,170,503.30. The disclosure for this sale can be found here. Insiders have purchased 20,802 shares of company stock valued at $507,252 over the last quarter. 33.04% of the stock is currently owned by company insiders.

About Park-Ohio

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.