Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Research analysts at FBR & Co dropped their FY2016 earnings estimates for shares of Park-Ohio Holdings Corp. in a research report issued on Wednesday. FBR & Co analyst C. Horn now anticipates that the brokerage will post earnings of $3.13 per share for the year, down from their previous estimate of $3.19. FBR & Co currently has a “Market Perform” rating and a $33.00 target price on the stock. FBR & Co also issued estimates for Park-Ohio Holdings Corp.’s Q1 2017 earnings at $0.88 EPS and FY2017 earnings at $3.86 EPS.

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

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

Several other research analysts also recently commented on PKOH. TheStreet downgraded Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Zacks Investment Research downgraded Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, Sidoti began coverage on Park-Ohio Holdings Corp. in a report on Tuesday, August 30th. They set a “buy” rating and a $50.00 price objective on the stock.

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at 38.45 on Thursday. The company has a market cap of $466.90 million, a P/E ratio of 12.93 and a beta of 3.01. The stock’s 50 day moving average price is $34.50 and its 200-day moving average price is $31.98. Park-Ohio Holdings Corp. has a 12 month low of $23.21 and a 12 month high of $44.79.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be given 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 1.30%. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is presently 16.67%.

In other Park-Ohio Holdings Corp. news, COO Matthew V. Crawford sold 8,014 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $34.55, for a total transaction of $276,883.70. Following the sale, the chief operating officer now owns 997,647 shares of the company’s stock, valued at approximately $34,468,703.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew V. Crawford sold 6,558 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $33.86, for a total value of $222,053.88. Following the sale, the chief operating officer now directly owns 990,475 shares in the company, valued at approximately $33,537,483.50. The disclosure for this sale can be found here. Company insiders own 32.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PKOH. Gamco Investors INC. ET AL boosted its stake in shares of Park-Ohio Holdings Corp. by 1.2% in the second quarter. Gamco Investors INC. ET AL now owns 904,301 shares of the company’s stock valued at $25,574,000 after buying an additional 11,100 shares during the period. Private Management Group Inc. boosted its stake in shares of Park-Ohio Holdings Corp. by 6.1% in the second quarter. Private Management Group Inc. now owns 646,554 shares of the company’s stock valued at $18,285,000 after buying an additional 37,144 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Park-Ohio Holdings Corp. by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 568,788 shares of the company’s stock valued at $16,085,000 after buying an additional 19,724 shares during the period. LSV Asset Management boosted its stake in shares of Park-Ohio Holdings Corp. by 6.6% in the third quarter. LSV Asset Management now owns 409,941 shares of the company’s stock valued at $14,942,000 after buying an additional 25,260 shares during the period. Finally, Northpointe Capital LLC boosted its stake in shares of Park-Ohio Holdings Corp. by 20.6% in the third quarter. Northpointe Capital LLC now owns 255,080 shares of the company’s stock valued at $9,298,000 after buying an additional 43,493 shares during the period. 54.02% of the stock is currently owned by institutional investors and hedge funds.

About Park-Ohio Holdings Corp.

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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