Park-Ohio Holdings Corp. (NASDAQ:PKOH)‘s stock had its “market perform” rating reissued by equities research analysts at FBR & Co in a research note issued on Thursday. They currently have a $33.00 price target on the stock. FBR & Co’s price objective would indicate a potential downside of 6.91% from the stock’s previous close.

Several other brokerages have also recently issued reports on PKOH. TheStreet raised Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 2nd. Sidoti started coverage on Park-Ohio Holdings Corp. in a research note on Tuesday, August 30th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Zacks Investment Research raised Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Saturday, August 13th.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded up 1.55% on Thursday, hitting $36.00. The stock had a trading volume of 3,665 shares. The firm has a market capitalization of $437.15 million, a price-to-earnings ratio of 12.10 and a beta of 3.01. The stock’s 50-day moving average is $34.47 and its 200 day moving average is $31.96. Park-Ohio Holdings Corp. has a 1-year low of $23.21 and a 1-year high of $44.79.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its earnings results on Monday, November 7th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.21. Park-Ohio Holdings Corp. had a return on equity of 19.84% and a net margin of 2.80%. The firm had revenue of $312.70 million for the quarter, compared to analysts’ expectations of $351.20 million. On average, equities research analysts predict that Park-Ohio Holdings Corp. will post $3.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 9th. This represents a $0.50 annualized dividend and a yield of 1.41%. Park-Ohio Holdings Corp.’s payout ratio is currently 16.67%.

In other news, COO Matthew V. Crawford sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $34.64, for a total transaction of $866,000.00. Following the transaction, the chief operating officer now owns 1,017,647 shares of the company’s stock, valued at $35,251,292.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James W. Wert sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $35.00, for a total value of $35,000.00. Following the transaction, the director now directly owns 88,060 shares in the company, valued at approximately $3,082,100. The disclosure for this sale can be found here. Company insiders own 32.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC boosted its position in Park-Ohio Holdings Corp. by 1.1% in the second quarter. BlackRock Advisors LLC now owns 3,914 shares of the company’s stock worth $111,000 after buying an additional 41 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Park-Ohio Holdings Corp. by 1.2% in the second quarter. Janney Montgomery Scott LLC now owns 8,750 shares of the company’s stock worth $322,000 after buying an additional 100 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Park-Ohio Holdings Corp. by 0.3% in the second quarter. JPMorgan Chase & Co. now owns 34,000 shares of the company’s stock worth $962,000 after buying an additional 100 shares in the last quarter. California State Teachers Retirement System boosted its position in Park-Ohio Holdings Corp. by 1.1% in the third quarter. California State Teachers Retirement System now owns 18,048 shares of the company’s stock worth $658,000 after buying an additional 200 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Park-Ohio Holdings Corp. by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 59,964 shares of the company’s stock worth $1,696,000 after buying an additional 262 shares in the last quarter. 54.02% of the stock is currently owned by hedge funds and other institutional investors.

Park-Ohio Holdings Corp. Company Profile

Park-Ohio Holdings Corp. operates through the subsidiaries owned by its direct subsidiary, Park-Ohio Industries, Inc (Park-Ohio). Park-Ohio is an industrial supply chain logistics and diversified manufacturing business operating in three segments: Supply Technologies, Assembly Components and Engineered Products.

5 Day Chart for NASDAQ:PKOH

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