Park-Ohio Holdings Corp. (PKOH) to Issue Quarterly Dividend of $0.13 on February 21st

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Friday, February 7th will be paid a dividend of 0.125 per share by the industrial products company on Friday, February 21st. This represents a $0.50 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, February 7th.

Park-Ohio has a payout ratio of 12.1% meaning its dividend is sufficiently covered by earnings.

Park-Ohio Price Performance

NASDAQ PKOH opened at $25.36 on Wednesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. Park-Ohio has a 1-year low of $22.74 and a 1-year high of $34.50. The stock has a market capitalization of $356.05 million, a price-to-earnings ratio of 20.29 and a beta of 1.20. The business’s fifty day moving average price is $27.01 and its 200-day moving average price is $28.79.

Park-Ohio (NASDAQ:PKOH) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.18. The business had revenue of $417.60 million for the quarter. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%.

Insider Transactions at Park-Ohio

In other Park-Ohio news, insider Robert D. Vilsack sold 3,556 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total value of $112,618.52. Following the sale, the insider now owns 187,764 shares in the company, valued at $5,946,485.88. The trade was a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick V. Auletta sold 9,800 shares of Park-Ohio stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $31.43, for a total value of $308,014.00. Following the completion of the sale, the director now directly owns 12,135 shares in the company, valued at $381,403.05. This trade represents a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 33.04% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Park-Ohio from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th.

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.