Park-Ohio Holdings Corp. (PKOH) To Go Ex-Dividend on May 2nd

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Friday, April 19th, Zacks reports. Shareholders of record on Friday, May 3rd will be paid a dividend of 0.125 per share by the industrial products company on Friday, May 17th. This represents a $0.50 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, May 2nd.

Park-Ohio has increased its dividend by an average of 26.0% per year over the last three years. Park-Ohio has a dividend payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Park-Ohio to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 12.5%.

Park-Ohio Price Performance

Shares of PKOH opened at $24.56 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 2.27 and a debt-to-equity ratio of 2.18. Park-Ohio has a fifty-two week low of $12.34 and a fifty-two week high of $28.79. The company has a market cap of $321.00 million, a P/E ratio of 38.98 and a beta of 1.23. The firm’s 50 day moving average price is $25.27 and its 200 day moving average price is $24.80.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). Park-Ohio had a net margin of 0.47% and a return on equity of 13.45%. The company had revenue of $389.30 million during the quarter, compared to analyst estimates of $386.45 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. On average, research analysts forecast that Park-Ohio will post 3.36 earnings per share for the current fiscal year.

Insider Transactions at Park-Ohio

In other news, Director James W. Wert sold 1,500 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total transaction of $38,970.00. Following the completion of the transaction, the director now directly owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Park-Ohio news, Director James W. Wert sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total transaction of $38,970.00. Following the transaction, the director now owns 82,690 shares of the company’s stock, valued at $2,148,286.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $27.02, for a total value of $27,020.00. Following the completion of the sale, the director now directly owns 84,190 shares of the company’s stock, valued at $2,274,813.80. The disclosure for this sale can be found here. In the last three months, insiders sold 3,500 shares of company stock valued at $91,990. Insiders own 33.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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