Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Equities research analysts at KeyCorp reduced their FY2017 earnings per share estimates for shares of Park-Ohio Holdings Corp. in a report issued on Wednesday. KeyCorp analyst S. Barger now expects that the industrial products company will earn $3.16 per share for the year, down from their previous estimate of $3.25. KeyCorp also issued estimates for Park-Ohio Holdings Corp.’s Q4 2018 earnings at $0.98 EPS and FY2018 earnings at $3.90 EPS.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Park-Ohio Holdings Corp. had a net margin of 2.16% and a return on equity of 14.79%. The business had revenue of $352.20 million for the quarter, compared to the consensus estimate of $345.17 million.
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PKOH has been the subject of a number of other research reports. ValuEngine raised shares of Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, August 31st. Finally, FBR & Co reaffirmed a “hold” rating on shares of Park-Ohio Holdings Corp. in a research report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $44.67.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at $41.90 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.44 and a current ratio of 2.36. Park-Ohio Holdings Corp. has a 1 year low of $34.25 and a 1 year high of $47.80. The firm has a market cap of $521.59, a PE ratio of 13.89 and a beta of 3.52.
A number of institutional investors have recently bought and sold shares of PKOH. Russell Investments Group Ltd. boosted its stake in Park-Ohio Holdings Corp. by 31.7% during the 1st quarter. Russell Investments Group Ltd. now owns 4,981 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 1,200 shares during the period. American International Group Inc. boosted its stake in Park-Ohio Holdings Corp. by 7.1% during the 1st quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 346 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in Park-Ohio Holdings Corp. during the 2nd quarter valued at about $197,000. Royal Bank of Canada boosted its stake in Park-Ohio Holdings Corp. by 0.7% during the 2nd quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 37 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in Park-Ohio Holdings Corp. during the 2nd quarter valued at about $228,000. 55.71% of the stock is owned by hedge funds and other institutional investors.
In other Park-Ohio Holdings Corp. news, insider Robert D. Vilsack sold 1,471 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $45.75, for a total transaction of $67,298.25. Following the completion of the transaction, the insider now directly owns 93,527 shares of the company’s stock, valued at approximately $4,278,860.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert D. Vilsack sold 7,436 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $45.02, for a total transaction of $334,768.72. Following the transaction, the insider now directly owns 103,527 shares of the company’s stock, valued at $4,660,785.54. The disclosure for this sale can be found here. Insiders have sold a total of 39,650 shares of company stock valued at $1,647,828 over the last three months. 31.00% of the stock is currently owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Monday, November 13th. Park-Ohio Holdings Corp.’s payout ratio is 21.19%.
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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