Somewhat Positive News Coverage Somewhat Unlikely to Affect Park-Ohio Holdings Corp. (PKOH) Share Price
News stories about Park-Ohio Holdings Corp. (NASDAQ:PKOH) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Park-Ohio Holdings Corp. earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 47.5737964780521 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities analysts recently issued reports on the company. ValuEngine lowered Park-Ohio Holdings Corp. from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co reissued a “hold” rating on shares of Park-Ohio Holdings Corp. in a report on Thursday, October 5th. Zacks Investment Research lowered Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. B. Riley reissued a “neutral” rating on shares of Park-Ohio Holdings Corp. in a report on Wednesday, November 1st. Finally, BidaskClub raised Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Park-Ohio Holdings Corp. currently has an average rating of “Hold” and a consensus price target of $44.67.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) traded down $0.35 on Thursday, reaching $46.45. The company’s stock had a trading volume of 25,400 shares, compared to its average volume of 32,377. The firm has a market capitalization of $586.43, a P/E ratio of 15.45 and a beta of 3.52. 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 12-month low of $34.25 and a 12-month high of $47.80.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). The firm had revenue of $352.20 million during the quarter, compared to analyst estimates of $345.17 million. Park-Ohio Holdings Corp. had a return on equity of 14.79% and a net margin of 2.16%. research analysts predict that Park-Ohio Holdings Corp. will post 3.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th will be given a $0.125 dividend. The ex-dividend date is Monday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.08%. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is 21.19%.
In other news, insider Robert D. Vilsack sold 7,436 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $45.02, for a total transaction of $334,768.72. Following the completion of the sale, the insider now owns 103,527 shares in the company, valued at approximately $4,660,785.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert D. Vilsack sold 1,471 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $45.75, for a total value of $67,298.25. Following the sale, the insider now owns 93,527 shares of the company’s stock, valued at approximately $4,278,860.25. The disclosure for this sale can be found here. Insiders sold 37,150 shares of company stock valued at $1,545,828 over the last 90 days. 31.00% of the stock is currently owned by insiders.
Park-Ohio Holdings Corp. Company Profile
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.
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