Park-Ohio Holdings Corp. Plans Quarterly Dividend of $0.12 (NASDAQ:PKOH)

Park-Ohio Holdings Corp. (NASDAQ:PKOH) declared a quarterly dividend on Friday, July 17th. Investors of record on Friday, July 31st will be given a dividend of 0.125 per share by the industrial products company on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, July 31st.

Park-Ohio has raised its dividend payment by an average of 0.1%per year over the last three years. Park-Ohio has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Park-Ohio to earn $3.57 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 14.0%.

Park-Ohio Stock Performance

Shares of PKOH stock opened at $37.76 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.23 and a debt-to-equity ratio of 1.70. Park-Ohio has a 12-month low of $15.52 and a 12-month high of $39.33. The business’s 50 day moving average is $34.26 and its two-hundred day moving average is $28.28. The company has a market capitalization of $543.74 million, a P/E ratio of 22.48, a P/E/G ratio of 1.03 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. The business had revenue of $421.00 million during the quarter, compared to analysts’ expectations of $413.90 million. Park-Ohio had a return on equity of 9.93% and a net margin of 1.46%.Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS. Analysts expect that Park-Ohio will post 3.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PKOH shares. Wall Street Zen raised shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Weiss Ratings downgraded shares of Park-Ohio from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, KeyCorp lifted their target price on shares of Park-Ohio from $37.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Park-Ohio presently has an average rating of “Hold” and a consensus price target of $45.00.

About Park-Ohio

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.