Park-Ohio Holdings Corp. Announces Quarterly Dividend of $0.13 (NASDAQ:PKOH)

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Friday, February 7th will be paid a dividend of 0.125 per share by the industrial products company on Friday, February 21st. This represents a $0.50 annualized dividend and a yield of 2.01%.

Park-Ohio has a dividend payout ratio of 12.1% meaning its dividend is sufficiently covered by earnings.

Park-Ohio Trading Down 0.8 %

Park-Ohio stock traded down $0.20 during mid-day trading on Friday, hitting $24.83. 2,392 shares of the company’s stock were exchanged, compared to its average volume of 23,631. The firm has a market capitalization of $348.66 million, a P/E ratio of 19.86 and a beta of 1.21. Park-Ohio has a fifty-two week low of $22.74 and a fifty-two week high of $34.50. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The company’s 50 day simple moving average is $28.37 and its 200-day simple moving average is $28.83.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.89 by $0.18. The business had revenue of $417.60 million for the quarter. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%.

Insider Buying and Selling at Park-Ohio

In other news, Director Patrick V. Auletta sold 9,800 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $31.43, for a total value of $308,014.00. Following the completion of the transaction, the director now owns 12,135 shares in the company, valued at $381,403.05. This trade represents a 44.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert D. Vilsack sold 3,556 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total value of $112,618.52. Following the completion of the transaction, the insider now owns 187,764 shares of the company’s stock, valued at $5,946,485.88. The trade was a 1.86 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 33.04% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Park-Ohio Company Profile

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. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.