Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Equities researchers at KeyCorp lowered their Q4 2016 earnings per share (EPS) estimates for shares of Park-Ohio Holdings Corp. in a report issued on Wednesday. KeyCorp analyst S. Barger now expects that the firm will post earnings per share of $0.72 for the quarter, down from their previous forecast of $0.91.

PKOH has been the subject of a number of other research reports. TheStreet upgraded Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 2nd. Sidoti assumed coverage on Park-Ohio Holdings Corp. in a research report on Tuesday, August 30th. They issued a “buy” rating and a $50.00 price target for the company. Zacks Investment Research cut Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. Finally, FBR & Co reiterated a “market perform” rating and set a $33.00 target price on shares of Park-Ohio Holdings Corp. in a research report on Thursday.

Earnings History and Estimates for Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at 38.45 on Friday. Park-Ohio Holdings Corp. has a 52 week low of $23.21 and a 52 week high of $44.79. The company has a market capitalization of $466.90 million, a PE ratio of 12.93 and a beta of 3.01. The firm’s 50-day moving average price is $34.50 and its 200 day moving average price is $31.98.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.21. Park-Ohio Holdings Corp. had a return on equity of 19.44% and a net margin of 2.80%. The business had revenue of $312.70 million for the quarter, compared to analysts’ expectations of $351.20 million.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, November 9th. Park-Ohio Holdings Corp.’s dividend payout ratio is currently 16.67%.

In related news, Director James W. Wert sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $36.26, for a total transaction of $72,520.00. Following the completion of the transaction, the director now directly owns 87,060 shares of the company’s stock, valued at $3,156,795.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James W. Wert sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $36.05, for a total value of $36,050.00. Following the transaction, the director now directly owns 82,500 shares of the company’s stock, valued at $2,974,125. The disclosure for this sale can be found here. Corporate insiders own 32.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Northern Trust Corp raised its position in shares of Park-Ohio Holdings Corp. by 1.6% in the third quarter. Northern Trust Corp now owns 98,090 shares of the company’s stock worth $3,576,000 after buying an additional 1,523 shares during the last quarter. California State Teachers Retirement System raised its position in shares of 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 during the last quarter. SG Americas Securities LLC purchased a new position in shares of Park-Ohio Holdings Corp. during the third quarter worth approximately $129,000. Rhumbline Advisers raised its position in shares of Park-Ohio Holdings Corp. by 7.4% in the third quarter. Rhumbline Advisers now owns 11,359 shares of the company’s stock worth $414,000 after buying an additional 780 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Park-Ohio Holdings Corp. by 7.0% in the third quarter. BlackRock Fund Advisors now owns 237,398 shares of the company’s stock worth $8,653,000 after buying an additional 15,628 shares during the last quarter. 54.02% of the stock is owned by 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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