ValuEngine lowered shares of Park-Ohio (NASDAQ:PKOH) from a sell rating to a strong sell rating in a research note published on Monday, ValuEngine reports.

PKOH has been the subject of several other reports. BidaskClub cut Park-Ohio from a hold rating to a sell rating in a research report on Friday, October 4th. Zacks Investment Research raised Park-Ohio from a sell rating to a hold rating in a research report on Friday, November 1st. B. Riley reduced their price objective on Park-Ohio from $40.00 to $30.00 and set a neutral rating for the company in a research report on Monday, August 12th. Finally, TheStreet cut Park-Ohio from a b- rating to a c+ rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $30.50.

Shares of PKOH stock traded down $0.67 on Monday, hitting $32.90. 60,400 shares of the stock were exchanged, compared to its average volume of 27,666. The company has a current ratio of 2.34, a quick ratio of 1.32 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $417.46 million, a P/E ratio of 7.69 and a beta of 2.31. The business has a 50-day moving average of $30.07 and a 200 day moving average of $31.12. Park-Ohio has a fifty-two week low of $25.74 and a fifty-two week high of $38.77.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.13). The firm had revenue of $403.40 million for the quarter, compared to analyst estimates of $430.20 million. Park-Ohio had a return on equity of 16.27% and a net margin of 2.78%. As a group, research analysts forecast that Park-Ohio will post 4.15 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.50 annualized dividend and a yield of 1.52%. Park-Ohio’s payout ratio is presently 11.68%.

In related news, Director Ronna Romney sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $26.14, for a total transaction of $130,700.00. Following the sale, the director now owns 18,909 shares in the company, valued at $494,281.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 31.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL raised its holdings in Park-Ohio by 2.0% during the third quarter. Gamco Investors INC. ET AL now owns 760,575 shares of the industrial products company’s stock worth $22,711,000 after acquiring an additional 15,100 shares in the last quarter. BlackRock Inc. raised its holdings in Park-Ohio by 5.6% during the second quarter. BlackRock Inc. now owns 625,903 shares of the industrial products company’s stock worth $20,397,000 after acquiring an additional 33,110 shares in the last quarter. Gabelli Funds LLC raised its holdings in Park-Ohio by 0.5% during the third quarter. Gabelli Funds LLC now owns 407,900 shares of the industrial products company’s stock worth $12,180,000 after acquiring an additional 1,915 shares in the last quarter. Vanguard Group Inc. raised its holdings in Park-Ohio by 0.3% during the second quarter. Vanguard Group Inc. now owns 389,815 shares of the industrial products company’s stock worth $12,704,000 after acquiring an additional 996 shares in the last quarter. Finally, Teton Advisors Inc. raised its holdings in Park-Ohio by 2.9% during the second quarter. Teton Advisors Inc. now owns 215,431 shares of the industrial products company’s stock worth $7,021,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 54.58% of the company’s stock.

About Park-Ohio

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.

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