Park-Ohio Holdings Corp. (NASDAQ:PKOH) – Investment analysts at B. Riley upped their Q2 2019 earnings per share (EPS) estimates for Park-Ohio in a report issued on Wednesday, March 6th. B. Riley analyst C. Horn now anticipates that the industrial products company will earn $1.14 per share for the quarter, up from their prior forecast of $1.10. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Park-Ohio’s Q3 2019 earnings at $1.20 EPS, Q4 2019 earnings at $1.17 EPS, FY2019 earnings at $4.48 EPS, Q1 2020 earnings at $1.13 EPS, Q2 2020 earnings at $1.28 EPS, Q3 2020 earnings at $1.30 EPS, Q4 2020 earnings at $1.33 EPS and FY2020 earnings at $5.03 EPS.
Other equities research analysts have also issued research reports about the company. ValuEngine lowered Park-Ohio from a “hold” rating to a “sell” rating in a research report on Thursday, December 6th. Zacks Investment Research raised Park-Ohio from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, November 9th. Finally, TheStreet lowered Park-Ohio from a “b-” rating to a “c+” rating in a research report on Wednesday, December 19th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Park-Ohio currently has an average rating of “Hold” and an average target price of $40.00.
PKOH stock opened at $33.49 on Thursday. The company has a current ratio of 2.43, a quick ratio of 1.42 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $425.52 million, a price-to-earnings ratio of 10.37 and a beta of 2.39. Park-Ohio has a 1 year low of $28.01 and a 1 year high of $43.95.
Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Monday, March 4th. The industrial products company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.32. Park-Ohio had a return on equity of 16.17% and a net margin of 2.76%.
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, February 14th. Park-Ohio’s dividend payout ratio is currently 15.48%.
In other news, CEO Matthew V. Crawford sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $33.40, for a total transaction of $66,800.00. Following the sale, the chief executive officer now owns 1,045,564 shares of the company’s stock, valued at approximately $34,921,837.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew V. Crawford sold 1,400 shares of the firm’s stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $33.46, for a total value of $46,844.00. Following the sale, the chief executive officer now directly owns 1,046,964 shares in the company, valued at approximately $35,031,415.44. The disclosure for this sale can be found here. 31.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System raised its position in shares of Park-Ohio by 0.5% during the 4th quarter. California Public Employees Retirement System now owns 68,369 shares of the industrial products company’s stock worth $2,098,000 after acquiring an additional 326 shares in the last quarter. Citigroup Inc. raised its position in shares of Park-Ohio by 14.4% during the 4th quarter. Citigroup Inc. now owns 2,951 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 371 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Park-Ohio by 1.5% during the 4th quarter. Victory Capital Management Inc. now owns 27,100 shares of the industrial products company’s stock worth $832,000 after acquiring an additional 400 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Park-Ohio during the 4th quarter worth about $25,000. Finally, Prudential Financial Inc. raised its position in shares of Park-Ohio by 11.1% during the 4th quarter. Prudential Financial Inc. now owns 9,959 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 992 shares in the last quarter. 53.81% of the stock is currently owned by institutional investors and hedge funds.
Park-Ohio Company Profile
Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.
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