Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Park-Ohio (PKOH) Stock Price

Press coverage about Park-Ohio (NASDAQ:PKOH) has been trending somewhat positive on Sunday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Park-Ohio earned a news impact score of 0.09 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.8508274414645 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of Park-Ohio (PKOH) traded down $2.05 during midday trading on Friday, hitting $44.45. 28,785 shares of the stock traded hands, compared to its average volume of 24,101. The company has a market capitalization of $557.00, a P/E ratio of 14.67 and a beta of 3.48. Park-Ohio has a 52-week low of $34.25 and a 52-week high of $47.80. 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 (NASDAQ:PKOH) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The firm had revenue of $352.20 million during the quarter, compared to the consensus estimate of $345.17 million. Park-Ohio had a return on equity of 14.79% and a net margin of 2.16%. equities research analysts forecast that Park-Ohio will post 3.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 14th were paid a $0.125 dividend. The ex-dividend date was Monday, November 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.12%. Park-Ohio’s dividend payout ratio is presently 21.19%.

A number of equities research analysts have weighed in on PKOH shares. Zacks Investment Research cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. FBR & Co reiterated a “hold” rating on shares of Park-Ohio in a research note on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $42.00.

In other news, COO Matthew V. Crawford sold 15,808 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $39.47, for a total value of $623,941.76. Following the transaction, the chief operating officer now owns 1,032,645 shares in the company, valued at $40,758,498.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Matthew V. Crawford sold 3,662 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.24, for a total transaction of $147,358.88. Following the completion of the transaction, the chief operating officer now owns 1,016,145 shares in the company, valued at approximately $40,889,674.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,743 shares of company stock worth $2,371,506. Insiders own 31.00% of the company’s stock.

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Park-Ohio Company Profile

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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