Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James W. Wert Sells 1,500 Shares

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James W. Wert sold 1,500 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $25.98, for a total value of $38,970.00. Following the completion of the sale, the director now owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Park-Ohio Trading Up 0.8 %

Shares of NASDAQ:PKOH opened at $26.68 on Friday. Park-Ohio Holdings Corp. has a 52-week low of $11.26 and a 52-week high of $28.79. The company has a market cap of $348.71 million, a P/E ratio of 42.35 and a beta of 1.23. The stock’s 50-day moving average is $25.33 and its 200-day moving average is $23.95. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.14 and a current ratio of 2.27.

Park-Ohio (NASDAQ:PKOH) last released its earnings results on Wednesday, March 6th. The industrial products company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. The firm had revenue of $389.30 million for the quarter, compared to analyst estimates of $386.45 million. During the same period last year, the business earned ($0.09) earnings per share. Equities research analysts predict that Park-Ohio Holdings Corp. will post 3.36 earnings per share for the current year.

Park-Ohio Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, February 8th. Park-Ohio’s dividend payout ratio (DPR) is currently 79.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a research report on Tuesday, January 30th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Barclays PLC bought a new position in Park-Ohio in the 2nd quarter worth approximately $32,000. Gladius Capital Management LP acquired a new stake in Park-Ohio during the 3rd quarter worth $37,000. Tower Research Capital LLC TRC increased its position in shares of Park-Ohio by 76.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,003 shares of the industrial products company’s stock valued at $38,000 after buying an additional 865 shares in the last quarter. Bank of America Corp DE increased its position in shares of Park-Ohio by 501.8% in the 1st quarter. Bank of America Corp DE now owns 2,335 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,947 shares in the last quarter. Finally, AJOVista LLC bought a new stake in shares of Park-Ohio in the 4th quarter valued at $65,000. Institutional investors own 51.38% of the company’s stock.

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.