Park-Ohio Holdings Corp. (PKOH) to Issue Quarterly Dividend of $0.13 on February 21st

Park-Ohio Holdings Corp. (NASDAQ:PKOH) declared a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Friday, February 7th will be paid a dividend of 0.125 per share by the industrial products company on Friday, February 21st. This represents a $0.50 annualized dividend and a yield of 2.02%.

Park-Ohio has a dividend payout ratio of 12.1% indicating that its dividend is sufficiently covered by earnings.

Park-Ohio Trading Down 1.3 %

Shares of PKOH stock opened at $24.70 on Friday. The stock has a 50-day moving average of $28.06 and a 200-day moving average of $28.85. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. The stock has a market cap of $346.79 million, a price-to-earnings ratio of 19.76 and a beta of 1.21. Park-Ohio has a 1-year low of $22.74 and a 1-year high of $34.50.

Park-Ohio (NASDAQ:PKOH) last released its earnings results on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. Park-Ohio had a net margin of 1.01% and a return on equity of 14.64%. The business had revenue of $417.60 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Insider Activity

In related news, insider Robert D. Vilsack sold 3,556 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total transaction of $112,618.52. Following the transaction, the insider now directly owns 187,764 shares of the company’s stock, valued at $5,946,485.88. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick V. Auletta sold 9,800 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $31.43, for a total transaction of $308,014.00. Following the completion of the sale, the director now directly owns 12,135 shares of the company’s stock, valued at $381,403.05. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 33.04% of the stock is currently owned by company insiders.

Park-Ohio Company Profile

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.