Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Patrick W. Fogarty sold 13,500 shares of Park-Ohio stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $47.05, for a total value of $635,175.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Park-Ohio Holdings Corp. (NASDAQ PKOH) opened at $44.45 on Friday. The stock has a market capitalization of $557.00, a PE ratio of 14.67 and a beta of 3.48. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.36 and a quick ratio of 1.39. Park-Ohio Holdings Corp. has a 52 week low of $34.25 and a 52 week high of $47.80.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The business had revenue of $352.20 million during the quarter, compared to analyst estimates of $345.17 million. Park-Ohio had a net margin of 2.16% and a return on equity of 14.79%. sell-side analysts predict that Park-Ohio Holdings Corp. will post 3.18 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, November 13th. Park-Ohio’s dividend payout ratio is 21.19%.

Several large investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Park-Ohio by 154.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,067 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 3,076 shares during the period. Algert Global LLC lifted its stake in shares of Park-Ohio by 229.9% in the 3rd quarter. Algert Global LLC now owns 44,348 shares of the industrial products company’s stock valued at $2,022,000 after purchasing an additional 30,906 shares during the period. California Public Employees Retirement System lifted its stake in shares of Park-Ohio by 9.3% in the 3rd quarter. California Public Employees Retirement System now owns 39,470 shares of the industrial products company’s stock valued at $1,800,000 after purchasing an additional 3,370 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Park-Ohio by 117.3% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 11,300 shares of the industrial products company’s stock valued at $514,000 after purchasing an additional 6,100 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of Park-Ohio by 12.4% in the 3rd quarter. Royce & Associates LP now owns 159,632 shares of the industrial products company’s stock valued at $7,279,000 after purchasing an additional 17,552 shares during the period. 56.00% of the stock is currently owned by institutional investors.

PKOH has been the topic of several recent research reports. BidaskClub downgraded Park-Ohio from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. FBR & Co lifted their target price on Park-Ohio from $33.00 to $37.00 and gave the stock a “mkt perform” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Park-Ohio from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Friday, August 11th. Finally, ValuEngine raised Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $42.00.

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About Park-Ohio

Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.

Insider Buying and Selling by Quarter for Park-Ohio (NASDAQ:PKOH)

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