Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Patrick V. Auletta sold 2,300 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $31.33, for a total value of $72,059.00. Following the completion of the sale, the director now owns 17,125 shares in the company, valued at $536,526.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NASDAQ PKOH traded down $1.24 on Friday, hitting $31.19. 2,987 shares of the company’s stock were exchanged, compared to its average volume of 27,131. The stock has a market capitalization of $397.15 million, a PE ratio of 7.26 and a beta of 2.38. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.27 and a quick ratio of 1.26. Park-Ohio Holdings Corp. has a 52 week low of $28.01 and a 52 week high of $43.15.
Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.03. Park-Ohio had a net margin of 3.29% and a return on equity of 17.19%. The business had revenue of $420.10 million for the quarter, compared to analysts’ expectations of $420.00 million. As a group, sell-side analysts expect that Park-Ohio Holdings Corp. will post 4.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Tuesday, May 14th. Park-Ohio’s dividend payout ratio is currently 11.68%.
A number of analysts have recently commented on the company. BidaskClub upgraded Park-Ohio from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered Park-Ohio from a “sell” rating to a “strong sell” rating in a report on Friday, June 7th. TheStreet upgraded Park-Ohio from a “c+” rating to a “b-” rating in a report on Monday, May 6th. Finally, Zacks Investment Research lowered Park-Ohio from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 9th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Park-Ohio currently has a consensus rating of “Hold” and an average price target of $39.00.
Institutional investors have recently bought and sold shares of the business. Uniplan Investment Counsel Inc. purchased a new stake in shares of Park-Ohio during the fourth quarter valued at $2,785,000. Royce & Associates LP increased its stake in shares of Park-Ohio by 23.7% in the 4th quarter. Royce & Associates LP now owns 217,984 shares of the industrial products company’s stock valued at $6,690,000 after buying an additional 41,816 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Park-Ohio by 4.7% during the first quarter. Gamco Investors INC. ET AL now owns 790,175 shares of the industrial products company’s stock worth $25,586,000 after purchasing an additional 35,500 shares during the period. BlackRock Inc. lifted its holdings in Park-Ohio by 6.3% during the fourth quarter. BlackRock Inc. now owns 588,085 shares of the industrial products company’s stock worth $18,049,000 after acquiring an additional 35,078 shares in the last quarter. Finally, Foresters Investment Management Company Inc. lifted its holdings in Park-Ohio by 17.1% during the fourth quarter. Foresters Investment Management Company Inc. now owns 147,800 shares of the industrial products company’s stock worth $4,536,000 after acquiring an additional 21,600 shares in the last quarter. 53.62% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This news story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.dispatchtribunal.com/2019/06/14/park-ohio-holdings-corp-nasdaqpkoh-director-patrick-v-auletta-sells-2300-shares.html.
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. 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.
Featured Article: Different Types of Derivatives
Receive News & Ratings for Park-Ohio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park-Ohio and related companies with MarketBeat.com's FREE daily email newsletter.