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

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Thursday, April 17th, RTT News reports. Stockholders of record on Friday, May 2nd will be paid a dividend of 0.125 per share by the industrial products company on Friday, May 16th. This represents a $0.50 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, May 2nd.

Park-Ohio has a payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings.

Park-Ohio Trading Up 1.6 %

Shares of PKOH stock opened at $19.74 on Wednesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.26 and a current ratio of 2.45. The stock has a fifty day simple moving average of $21.21 and a two-hundred day simple moving average of $25.72. The firm has a market capitalization of $280.88 million, a PE ratio of 15.79 and a beta of 1.10. Park-Ohio has a 52-week low of $17.90 and a 52-week high of $34.50.

Insider Buying and Selling

In other Park-Ohio news, Director Edward F. Crawford sold 22,500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total transaction of $486,675.00. Following the completion of the transaction, the director now owns 766,273 shares of the company’s stock, valued at $16,574,484.99. This represents a 2.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 31.51% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Park-Ohio from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th.

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.