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

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced 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 dividend on an annualized basis and a yield of 2.02%.

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

Park-Ohio Stock Performance

Park-Ohio stock opened at $24.70 on Friday. Park-Ohio has a 52 week low of $22.74 and a 52 week 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 market cap of $346.79 million, a P/E ratio of 19.76 and a beta of 1.21. The stock has a 50 day moving average of $28.06 and a 200-day moving average of $28.81.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. The firm had revenue of $417.60 million for 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 report on Thursday, November 28th.

Insider Activity

In related news, Director Patrick V. Auletta sold 9,800 shares of Park-Ohio stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $31.43, for a total value of $308,014.00. Following the sale, the director now directly owns 12,135 shares in the company, valued at $381,403.05. This trade represents a 44.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert D. Vilsack sold 3,556 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total transaction of $112,618.52. Following the completion of the transaction, the insider now owns 187,764 shares of the company’s stock, valued at approximately $5,946,485.88. This trade represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 33.04% of the company’s stock.

About Park-Ohio

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.