Somewhat Positive News Coverage Somewhat Unlikely to Impact Park-Ohio Holdings Corp. (PKOH) Stock Price
Headlines about Park-Ohio Holdings Corp. (NASDAQ:PKOH) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores 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 media headlines about the industrial products company an impact score of 47.6198528902676 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Park-Ohio Holdings Corp. : PKOH-US: Dividend Analysis : November 14th, 2017 (record date) : By the numbers : November 14, 2017 (finance.yahoo.com)
- PARK-OHIO HOLDINGS CORP. : ex-dividend day (4-traders.com)
- Park-Ohio Holdings Corp. (PKOH) Expected to Post Quarterly Sales of $350.53 Million (americanbankingnews.com)
- Q1 2018 Earnings Estimate for Park-Ohio Holdings Corp. Issued By KeyCorp (PKOH) (americanbankingnews.com)
- Park-Ohio Holdings Corp. (PKOH) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) traded up $0.25 during midday trading on Friday, reaching $42.95. 21,890 shares of the company traded hands, compared to its average volume of 20,785. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.36 and a quick ratio of 1.39. The company has a market capitalization of $537.21, a price-to-earnings ratio of 13.58 and a beta of 3.52. 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 announced its earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The business had revenue of $352.20 million for the quarter, compared to the consensus estimate of $345.17 million. Park-Ohio Holdings Corp. had a net margin of 2.16% and a return on equity of 14.79%. analysts predict that Park-Ohio Holdings Corp. will post 3.18 EPS for the current fiscal year.
The company also recently declared 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 of this dividend is Monday, November 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.16%. Park-Ohio Holdings Corp.’s payout ratio is currently 21.19%.
A number of analysts have recently commented on PKOH shares. ValuEngine upgraded shares of Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Thursday, August 31st. Finally, FBR & Co reiterated a “hold” rating on shares of Park-Ohio Holdings Corp. in a research note on Thursday, October 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Park-Ohio Holdings Corp. currently has a consensus rating of “Hold” and a consensus price target of $44.67.
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In other news, COO Matthew V. Crawford sold 15,808 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $39.47, for a total value of $623,941.76. Following the transaction, the chief operating officer now owns 1,032,645 shares of the company’s stock, valued at $40,758,498.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert D. Vilsack sold 1,471 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $45.75, for a total transaction of $67,298.25. Following the sale, the insider now directly owns 93,527 shares in the company, valued at approximately $4,278,860.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,150 shares of company stock valued at $1,545,828. Company insiders own 31.00% of the company’s stock.
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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