Park-Ohio (NASDAQ:PKOH) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Park-Ohio (NASDAQ:PKOH) from a hold rating to a buy rating in a research note released on Thursday.

Park-Ohio Trading Up 0.4 %

PKOH stock opened at $32.17 on Thursday. The stock has a market cap of $451.67 million, a price-to-earnings ratio of 25.74 and a beta of 1.16. The company has a fifty day moving average price of $30.56 and a two-hundred day moving average price of $28.42. Park-Ohio has a one year low of $22.52 and a one year high of $34.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. The business 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%.

Park-Ohio Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 1.55%. Park-Ohio’s dividend payout ratio (DPR) is presently 40.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Park-Ohio by 1,986.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 1,510 shares during the period. BNP Paribas Financial Markets raised its stake in Park-Ohio by 105.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 1,669 shares in the last quarter. EMC Capital Management boosted its holdings in Park-Ohio by 166.1% in the 3rd quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 4,416 shares during the period. L & S Advisors Inc acquired a new position in shares of Park-Ohio during the 3rd quarter worth approximately $230,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Park-Ohio by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 449 shares during the period. 51.38% of the stock is owned by institutional investors and hedge funds.

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.