Published On: Fri, Sep 16th, 2016

Park-Ohio Holdings Corp. (PKOH) Director Sells $91,622.40 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James W. Wert sold 2,560 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $35.79, for a total value of $91,622.40. Following the completion of the transaction, the director now owns 85,464 shares of the company’s stock, valued at approximately $3,058,756.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at 36.27 on Friday. Park-Ohio Holdings Corp. has a 12 month low of $23.21 and a 12 month high of $44.79. The firm has a market capitalization of $440.43 million, a price-to-earnings ratio of 12.20 and a beta of 3.05. The firm’s 50-day moving average price is $33.94 and its 200-day moving average price is $33.23.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. Park-Ohio Holdings Corp. had a return on equity of 19.45% and a net margin of 2.67%. On average, equities analysts anticipate that Park-Ohio Holdings Corp. will post $3.11 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.38%. Park-Ohio Holdings Corp.’s payout ratio is currently 16.89%.
A number of equities analysts recently weighed in on PKOH shares. Zacks Investment Research upgraded Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Saturday, August 13th. TheStreet upgraded Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 2nd. Finally, Sidoti initiated coverage on Park-Ohio Holdings Corp. in a research report on Tuesday, August 30th. They set a “buy” rating and a $50.00 price objective for the company.
Several large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in Park-Ohio Holdings Corp. by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 48,726 shares of the company’s stock worth $1,378,000 after buying an additional 462 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Park-Ohio Holdings Corp. by 9.3% in the second quarter. Wedge Capital Management L L P NC now owns 8,655 shares of the company’s stock worth $245,000 after buying an additional 734 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Park-Ohio Holdings Corp. during the second quarter worth $892,000. Rhumbline Advisers increased its stake in Park-Ohio Holdings Corp. by 11.4% in the second quarter. Rhumbline Advisers now owns 10,579 shares of the company’s stock worth $299,000 after buying an additional 1,082 shares during the last quarter. Finally, Teachers Advisors Inc. increased its stake in Park-Ohio Holdings Corp. by 3.4% in the second quarter. Teachers Advisors Inc. now owns 13,261 shares of the company’s stock worth $375,000 after buying an additional 434 shares during the last quarter. Institutional investors own 54.35% of the company’s stock.
Park-Ohio Holdings Corp. Company Profile
Park-Ohio Holdings Corp. operates through the subsidiaries owned by its direct subsidiary, Park-Ohio Industries, Inc (Park-Ohio). Park-Ohio is an industrial supply chain logistics and diversified manufacturing business operating in three segments: Supply Technologies, Assembly Components and Engineered Products.

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