Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) announced a quarterly dividend on Friday, July 18th, RTT News reports. Stockholders of record on Friday, August 1st will be paid a dividend of 0.125 per share by the industrial products company on Friday, August 15th. This represents a $0.50 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, August 1st.
Park-Ohio has a dividend payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings.
Park-Ohio Price Performance
NASDAQ PKOH traded up $0.59 on Tuesday, reaching $17.23. The company had a trading volume of 29,924 shares, compared to its average volume of 29,212. The company has a quick ratio of 1.25, a current ratio of 2.41 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $245.11 million, a PE ratio of 7.52 and a beta of 1.25. The firm's 50 day moving average price is $18.14 and its 200 day moving average price is $20.96. Park-Ohio has a 12 month low of $16.26 and a 12 month high of $34.50.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.18). Park-Ohio had a return on equity of 13.76% and a net margin of 1.86%. The business had revenue of $405.40 million during the quarter, compared to the consensus estimate of $425.95 million.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Park-Ohio stock. Jones Financial Companies Lllp purchased a new stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,703 shares of the industrial products company's stock, valued at approximately $80,000. Institutional investors and hedge funds own 51.38% of the company's stock.
About Park-Ohio
(
Get Free Report)
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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