Park-Ohio Holdings Corp. (NASDAQ:PKOH – Get Free Report) declared a quarterly dividend on Friday, January 24th,RTT News reports. Investors of record on Friday, February 7th will be given 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 dividend yield of 2.01%.
Park-Ohio has a dividend payout ratio of 12.1% indicating that its dividend is sufficiently covered by earnings.
Park-Ohio Stock Performance
Park-Ohio stock traded down $0.20 during trading hours on Friday, hitting $24.83. The stock had a trading volume of 2,392 shares, compared to its average volume of 23,631. The company has a 50-day moving average of $28.37 and a two-hundred day moving average of $28.83. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The company has a market cap of $348.66 million, a PE ratio of 19.86 and a beta of 1.21. Park-Ohio has a fifty-two week low of $22.74 and a fifty-two week high of $34.50.
Insider Activity
In other news, Director Patrick V. Auletta sold 9,800 shares of the company’s stock in a transaction that occurred 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 directly owns 12,135 shares in the company, valued at approximately $381,403.05. This represents a 44.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert D. Vilsack sold 3,556 shares of the stock in a transaction that occurred 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 sale, the insider now owns 187,764 shares in the company, valued at approximately $5,946,485.88. This trade represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 33.04% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.
View Our Latest Analysis on PKOH
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.
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