Park-Ohio Holdings Corp. (PKOH) To Go Ex-Dividend on November 14th

Park-Ohio Holdings Corp. (NASDAQ:PKOH) declared a quarterly dividend on Friday, October 31st. Stockholders of record on Friday, November 14th will be given a dividend of 0.125 per share by the industrial products company on Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, November 14th.

Park-Ohio has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings.

Park-Ohio Stock Down 1.2%

Shares of Park-Ohio stock opened at $19.60 on Wednesday. Park-Ohio has a fifty-two week low of $15.52 and a fifty-two week high of $33.63. The business has a 50-day moving average price of $20.69 and a 200 day moving average price of $19.24. The company has a quick ratio of 1.33, a current ratio of 2.60 and a debt-to-equity ratio of 1.75. The firm has a market cap of $282.14 million, a P/E ratio of 9.66 and a beta of 1.43.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.18). The business had revenue of $398.60 million for the quarter, compared to analyst estimates of $417.30 million. Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Insider Buying and Selling

In other news, CEO Matthew V. Crawford purchased 4,167 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were bought at an average price of $20.04 per share, with a total value of $83,506.68. Following the completion of the transaction, the chief executive officer directly owned 911,237 shares in the company, valued at $18,261,189.48. This trade represents a 0.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Park-Ohio by 10.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 527 shares during the period. Rhumbline Advisers grew its stake in shares of Park-Ohio by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 589 shares in the last quarter. Trexquant Investment LP lifted its stake in Park-Ohio by 5.8% in the first quarter. Trexquant Investment LP now owns 12,219 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 673 shares during the last quarter. CWM LLC lifted its holdings in Park-Ohio by 238.4% during the 3rd quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 856 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Park-Ohio by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,831 shares of the industrial products company’s stock valued at $580,000 after purchasing an additional 1,385 shares during the period. Institutional investors and hedge funds own 51.38% of the company’s stock.

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.