Recent Investment Analysts’ Ratings Changes for Park-Ohio (PKOH)

Several analysts have recently updated their ratings and price targets for Park-Ohio (NASDAQ: PKOH):

  • 2/8/2018 – Park-Ohio was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Park Ohio Holdings Corp. operates through two segments, Manufactured Products and Logistics, which serve a wide variety of industrial markets. Manufactured Products designs and manufactures a broad range of high quality products engineered for specific customer applications. The principal customers of Manufactured Products are original equipment manufacturers and end-users in the automotive, railroad, truck and aerospace industries. Logistics is a leading national supplier of fasteners (e.g., nuts, bolts and screws) and other industrial products. “
  • 2/3/2018 – Park-Ohio was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $49.00 price target on the stock. According to Zacks, “Park Ohio Holdings Corp. operates through two segments, Manufactured Products and Logistics, which serve a wide variety of industrial markets. Manufactured Products designs and manufactures a broad range of high quality products engineered for specific customer applications. The principal customers of Manufactured Products are original equipment manufacturers and end-users in the automotive, railroad, truck and aerospace industries. Logistics is a leading national supplier of fasteners (e.g., nuts, bolts and screws) and other industrial products. “
  • 2/2/2018 – Park-Ohio was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Park Ohio Holdings Corp. operates through two segments, Manufactured Products and Logistics, which serve a wide variety of industrial markets. Manufactured Products designs and manufactures a broad range of high quality products engineered for specific customer applications. The principal customers of Manufactured Products are original equipment manufacturers and end-users in the automotive, railroad, truck and aerospace industries. Logistics is a leading national supplier of fasteners (e.g., nuts, bolts and screws) and other industrial products. “
  • 1/23/2018 – Park-Ohio was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “Park Ohio Holdings Corp. operates through two segments, Manufactured Products and Logistics, which serve a wide variety of industrial markets. Manufactured Products designs and manufactures a broad range of high quality products engineered for specific customer applications. The principal customers of Manufactured Products are original equipment manufacturers and end-users in the automotive, railroad, truck and aerospace industries. Logistics is a leading national supplier of fasteners (e.g., nuts, bolts and screws) and other industrial products. “
  • 1/18/2018 – Park-Ohio was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/29/2017 – Park-Ohio was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) traded down $0.86 during trading on Thursday, hitting $40.84. The stock had a trading volume of 10,356 shares, compared to its average volume of 19,758. The stock has a market cap of $516.26, a PE ratio of 17.31 and a beta of 3.23. The company has a current ratio of 2.36, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79. Park-Ohio Holdings Corp. has a 12-month low of $34.25 and a 12-month high of $47.90.

Park-Ohio (NASDAQ:PKOH) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.05). The company had revenue of $352.20 million during the quarter, compared to analysts’ expectations of $345.17 million. Park-Ohio had a return on equity of 14.79% and a net margin of 2.16%. equities analysts expect that Park-Ohio Holdings Corp. will post 3.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, February 14th. Park-Ohio’s dividend payout ratio (DPR) is 21.19%.

In other news, Director Patrick W. Fogarty sold 13,500 shares of Park-Ohio stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $47.05, for a total value of $635,175.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Matthew V. Crawford sold 4,122 shares of Park-Ohio stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $44.38, for a total value of $182,934.36. Following the completion of the transaction, the chief operating officer now owns 997,433 shares of the company’s stock, valued at approximately $44,266,076.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,715 shares of company stock valued at $1,008,612. Company insiders own 31.00% of the company’s stock.

Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.

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