Park-Ohio Holdings Corp. (NASDAQ:PKOH) Announces Quarterly Dividend of $0.13

Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced a quarterly dividend on Friday, April 17th. Investors of record on Friday, May 1st will be given a dividend of 0.125 per share by the industrial products company on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 1st.

Park-Ohio has increased its dividend by an average of 0.1%annually over the last three years. Park-Ohio has a payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Park-Ohio to earn $3.67 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 13.6%.

Park-Ohio Stock Performance

PKOH opened at $29.52 on Wednesday. The stock has a market capitalization of $425.09 million, a price-to-earnings ratio of 17.26 and a beta of 1.13. The company has a fifty day moving average of $25.64 and a 200 day moving average of $23.21. Park-Ohio has a fifty-two week low of $15.52 and a fifty-two week high of $29.76. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.18 and a current ratio of 2.33.

Park-Ohio (NASDAQ:PKOH) last posted its earnings results on Wednesday, March 4th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.09). The company had revenue of $395.00 million for the quarter, compared to analysts’ expectations of $402.90 million. Park-Ohio had a net margin of 1.49% and a return on equity of 10.13%. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, sell-side analysts forecast that Park-Ohio will post 3.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Park-Ohio to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Park-Ohio in a research report on Tuesday, April 21st. KeyCorp upgraded shares of Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research report on Monday, February 9th. Finally, Wall Street Zen upgraded shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Park-Ohio has an average rating of “Hold” and a consensus price target of $37.00.

Park-Ohio Company Profile

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.