Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) announced a quarterly dividend on Friday, July 18th, RTT News reports. Investors 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 dividend on an annualized basis and a yield of 2.97%.
Park-Ohio has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings.
Park-Ohio Stock Performance
Shares of NASDAQ:PKOH traded down $0.90 during trading on Friday, hitting $16.81. The stock had a trading volume of 13,322 shares, compared to its average volume of 28,863. The stock has a 50-day simple moving average of $18.27 and a two-hundred day simple moving average of $21.16. 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 $239.22 million, a price-to-earnings ratio of 7.31 and a beta of 1.25. Park-Ohio has a 12-month low of $16.65 and a 12-month high of $34.50.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.18). Park-Ohio had a net margin of 1.86% and a return on equity of 13.76%. The firm had revenue of $405.40 million during the quarter, compared to analysts' expectations of $425.95 million.
Institutional Trading of Park-Ohio
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) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm 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.
Park-Ohio Company Profile
(
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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