Park-Ohio Holdings Corp. (NASDAQ:PKOH) had its price objective lifted by KeyCorp from $45.00 to $50.00 in a report released on Tuesday morning. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Park-Ohio Holdings Corp. from a hold rating to a sell rating in a research report on Wednesday, October 12th. Sidoti initiated coverage on Park-Ohio Holdings Corp. in a research report on Tuesday, August 30th. They issued a buy rating and a $50.00 target price for the company. TheStreet upgraded Park-Ohio Holdings Corp. from a hold rating to a buy rating in a research report on Friday, September 2nd. Finally, FBR & Co restated a market perform rating and issued a $33.00 target price on shares of Park-Ohio Holdings Corp. in a research report on Thursday, November 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Park-Ohio Holdings Corp. has a consensus rating of Hold and a consensus price target of $43.00.

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at 42.15 on Tuesday. The stock has a 50 day moving average price of $35.83 and a 200-day moving average price of $32.97. Park-Ohio Holdings Corp. has a 12 month low of $23.21 and a 12 month high of $44.15. The stock has a market cap of $512.08 million, a P/E ratio of 14.05 and a beta of 3.01.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.21. The business earned $312.70 million during the quarter, compared to the consensus estimate of $351.20 million. Park-Ohio Holdings Corp. had a return on equity of 19.44% and a net margin of 2.80%. On average, analysts forecast that Park-Ohio Holdings Corp. will post $3.11 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 14th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, November 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.19%. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is presently 16.67%.

In other news, Director James W. Wert sold 2,560 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $35.79, for a total value of $91,622.40. Following the completion of the sale, the director now owns 85,464 shares of the company’s stock, valued at $3,058,756.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James W. Wert sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $36.05, for a total value of $36,050.00. Following the completion of the sale, the director now directly owns 82,500 shares of the company’s stock, valued at approximately $2,974,125. The disclosure for this sale can be found here. Insiders own 32.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. BlackRock Advisors LLC boosted its stake in shares of Park-Ohio Holdings Corp. by 1.1% in the second quarter. BlackRock Advisors LLC now owns 3,914 shares of the company’s stock valued at $111,000 after buying an additional 41 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Park-Ohio Holdings Corp. by 1.2% in the second quarter. Janney Montgomery Scott LLC now owns 8,750 shares of the company’s stock valued at $322,000 after buying an additional 100 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Park-Ohio Holdings Corp. by 0.3% in the second quarter. JPMorgan Chase & Co. now owns 34,000 shares of the company’s stock valued at $962,000 after buying an additional 100 shares during the period. California State Teachers Retirement System boosted its stake in shares of Park-Ohio Holdings Corp. by 1.1% in the third quarter. California State Teachers Retirement System now owns 18,048 shares of the company’s stock valued at $658,000 after buying an additional 200 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Park-Ohio Holdings Corp. by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 59,964 shares of the company’s stock valued at $1,696,000 after buying an additional 262 shares during the period. 55.59% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:PKOH

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