Park-Ohio Holdings Corp. (NASDAQ:PKOH) to Issue $0.13 Quarterly Dividend

Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) announced a quarterly dividend on Friday, January 24th,RTT News reports. Shareholders of record on Friday, February 7th will be paid 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 yield of 2.02%.

Park-Ohio has a dividend payout ratio of 12.1% meaning its dividend is sufficiently covered by earnings.

Park-Ohio Stock Down 1.3 %

Shares of NASDAQ PKOH traded down $0.33 during trading on Friday, reaching $24.70. 15,221 shares of the stock were exchanged, compared to its average volume of 20,891. The company has a market capitalization of $346.79 million, a price-to-earnings ratio of 19.76 and a beta of 1.21. The business's 50-day moving average price is $28.06 and its 200 day moving average price is $28.81. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. Park-Ohio has a twelve month low of $22.74 and a twelve month high of $34.50.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.18. The firm 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%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Park-Ohio from a "hold" rating to a "buy" rating in a report on Thursday, November 28th.

Insider Buying and Selling

In other Park-Ohio news, insider Robert D. Vilsack sold 3,556 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total transaction of $112,618.52. Following the completion of the sale, the insider now owns 187,764 shares in the company, valued at $5,946,485.88. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick V. Auletta sold 9,800 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $31.43, for a total transaction of $308,014.00. Following the completion of the transaction, the director now owns 12,135 shares in the company, valued at approximately $381,403.05. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 33.04% of the company's stock.

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.