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

Park-Ohio Holdings Corp. (NASDAQ:PKOH) declared a quarterly dividend on Friday, January 24th,RTT News reports. Shareholders 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 is Friday, February 7th.

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

Park-Ohio Stock Up 2.3 %

NASDAQ:PKOH opened at $25.36 on Wednesday. The company has a market cap of $356.05 million, a price-to-earnings ratio of 20.29 and a beta of 1.20. Park-Ohio has a twelve month low of $22.74 and a twelve month high of $34.50. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. The stock has a fifty day simple moving average of $27.01 and a 200-day simple moving average of $28.79.

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Insiders Place Their Bets

In other news, insider Robert D. Vilsack sold 3,556 shares of Park-Ohio stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total value of $112,618.52. Following the transaction, the insider now directly owns 187,764 shares in the company, valued at approximately $5,946,485.88. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick V. Auletta sold 9,800 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $31.43, for a total value of $308,014.00. Following the sale, the director now owns 12,135 shares of the company’s stock, 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. Company insiders own 33.04% of the company’s stock.

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.