Park-Ohio Holdings Corp. (PKOH) to Issue Quarterly Dividend of $0.13 on February 20th

Park-Ohio Holdings Corp. (NASDAQ:PKOH) declared a quarterly dividend on Friday, January 23rd. Shareholders of record on Friday, February 6th will be given a dividend of 0.125 per share by the industrial products company on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 6th.

Park-Ohio has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings.

Park-Ohio Stock Performance

Shares of Park-Ohio stock traded up $0.70 during trading on Wednesday, hitting $24.94. 16,182 shares of the stock were exchanged, compared to its average volume of 20,692. The company has a current ratio of 2.56, a quick ratio of 1.32 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $359.06 million, a price-to-earnings ratio of 14.84 and a beta of 1.16. Park-Ohio has a 1-year low of $15.52 and a 1-year high of $26.31. The company has a fifty day moving average price of $22.07 and a 200-day moving average price of $20.57.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.18). The company had revenue of $398.60 million during the quarter, compared to analyst estimates of $417.30 million. Park-Ohio had a net margin of 1.46% and a return on equity of 10.53%.

Insider Transactions at Park-Ohio

In other news, Director Ronna Romney sold 2,975 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $20.29, for a total value of $60,362.75. Following the sale, the director directly owned 28,944 shares in the company, valued at approximately $587,273.76. This trade represents a 9.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 31.51% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PKOH. CWM LLC boosted its stake in shares of Park-Ohio by 238.4% during the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 856 shares in the last quarter. BNP Paribas Financial Markets increased its position in Park-Ohio by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 1,065 shares during the period. Tower Research Capital LLC TRC increased its position in Park-Ohio by 377.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 2,134 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Park-Ohio during the first quarter valued at $80,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Park-Ohio by 73.4% in the third quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,659 shares during the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.

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.