Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) announced a quarterly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.125 per share by the industrial products company on Friday, November 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, November 15th.
Park-Ohio has increased its dividend by an average of 26.0% annually over the last three years. Park-Ohio has a payout ratio of 13.2% meaning its dividend is sufficiently covered by earnings.
Park-Ohio Price Performance
Shares of Park-Ohio stock traded up $0.24 during trading on Wednesday, hitting $32.81. 41,655 shares of the stock traded hands, compared to its average volume of 27,211. The stock has a market cap of $460.65 million, a price-to-earnings ratio of 26.25 and a beta of 1.16. The firm's fifty day moving average is $29.60 and its 200-day moving average is $27.87. The company has a quick ratio of 1.22, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. Park-Ohio has a 52 week low of $22.32 and a 52 week high of $34.50.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last released its earnings results on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.89 by $0.18. The company 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 cut shares of Park-Ohio from a "buy" rating to a "hold" rating in a research report on Tuesday.
View Our Latest Analysis on PKOH
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.
Recommended Stories
Before you consider Park-Ohio, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Park-Ohio wasn't on the list.
While Park-Ohio currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
