Analysts Set Park-Ohio Holdings Corp. (PKOH) Price Target at $45.00

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) have earned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $45.00.

Several research firms recently commented on PKOH. BidaskClub upgraded Park-Ohio from a “strong sell” rating to a “sell” rating in a report on Thursday, May 17th. Zacks Investment Research upgraded Park-Ohio from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, August 14th. TheStreet upgraded Park-Ohio from a “c+” rating to a “b-” rating in a report on Friday, June 15th. Finally, ValuEngine downgraded Park-Ohio from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.

Shares of NASDAQ:PKOH traded up $0.20 on Wednesday, hitting $42.10. 21,100 shares of the company traded hands, compared to its average volume of 22,777. Park-Ohio has a 52 week low of $34.95 and a 52 week high of $47.90. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 1.54. The company has a market capitalization of $537.47 million, a PE ratio of 13.16 and a beta of 2.77.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Thursday, August 9th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.94 by $0.14. Park-Ohio had a return on equity of 15.68% and a net margin of 2.60%. The company had revenue of $432.20 million during the quarter, compared to the consensus estimate of $397.83 million. sell-side analysts anticipate that Park-Ohio will post 3.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 27th. Investors of record on Monday, August 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, August 10th. This represents a $0.50 annualized dividend and a yield of 1.19%. Park-Ohio’s payout ratio is 15.48%.

In other Park-Ohio news, insider Edward F. Crawford sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $40.41, for a total transaction of $404,100.00. Following the completion of the sale, the insider now directly owns 1,594,474 shares in the company, valued at approximately $64,432,694.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronna Romney sold 5,060 shares of the business’s stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of $38.41, for a total value of $194,354.60. Following the sale, the director now owns 23,684 shares of the company’s stock, valued at $909,702.44. The disclosure for this sale can be found here. Insiders sold a total of 26,560 shares of company stock valued at $1,061,585 over the last quarter. 31.20% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in PKOH. Sun Life Financial INC bought a new stake in shares of Park-Ohio during the 2nd quarter valued at about $165,000. Tower Research Capital LLC TRC grew its stake in shares of Park-Ohio by 279.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,426 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 3,259 shares during the period. MetLife Investment Advisors LLC bought a new stake in shares of Park-Ohio during the 4th quarter valued at about $218,000. PEAK6 Investments L.P. grew its stake in shares of Park-Ohio by 7,026.6% during the 2nd quarter. PEAK6 Investments L.P. now owns 6,511 shares of the industrial products company’s stock valued at $243,000 after purchasing an additional 6,605 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Park-Ohio by 17.6% during the 2nd quarter. First Trust Advisors LP now owns 9,907 shares of the industrial products company’s stock valued at $370,000 after purchasing an additional 1,482 shares during the period. Institutional investors and hedge funds own 53.94% of the company’s stock.

About Park-Ohio

Park-Ohio Holdings Corp., through its subsidiaries, provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Asia, Europe, Canada, Mexico, and internationally. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.

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