News stories about Park-Ohio (NASDAQ:PKOH) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Park-Ohio earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 44.3755042269434 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research analysts recently commented on the stock. TheStreet upgraded shares of Park-Ohio from a “c+” rating to a “b-” rating in a report on Friday, June 15th. BidaskClub upgraded shares of Park-Ohio from a “strong sell” rating to a “sell” rating in a report on Thursday, May 17th. Zacks Investment Research lowered shares of Park-Ohio from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Finally, ValuEngine lowered shares of Park-Ohio from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $41.00.
NASDAQ PKOH traded up $0.10 during mid-day trading on Tuesday, hitting $39.65. The company’s stock had a trading volume of 21,500 shares, compared to its average volume of 22,902. Park-Ohio has a 52-week low of $34.95 and a 52-week high of $47.90. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.47 and a current ratio of 2.47. The firm has a market capitalization of $495.17 million, a price-to-earnings ratio of 12.28 and a beta of 2.79.
Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.11. Park-Ohio had a net margin of 1.94% and a return on equity of 15.41%. The firm had revenue of $405.70 million for the quarter, compared to analyst estimates of $376.33 million. sell-side analysts forecast that Park-Ohio will post 3.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 29th. Investors of record on Tuesday, May 15th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a $0.50 annualized dividend and a yield of 1.26%. Park-Ohio’s payout ratio is 15.48%.
In other Park-Ohio news, Director James W. Wert sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $40.28, for a total value of $40,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward F. Crawford sold 4,500 shares of the stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $39.86, for a total transaction of $179,370.00. The disclosure for this sale can be found here. Insiders sold 46,884 shares of company stock worth $1,910,912 in the last 90 days. 31.20% of the stock is currently owned by insiders.
Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.
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