Park-Ohio Holdings (PKOH) Declares $0.12 Dividend

Park-Ohio Holdings declared on January 27, 2023 that its board of directors had declared a regular quarterly dividend of $0.12 per share ($0.50 annualized). Shareholders of record on February 9, 2023 will receive payment on February 24, 2023. Previously, the company paid $0.12 per share.

At the most recent share price of $13.50/share, the stock’s dividend yield was 3.70%.

The company has not increased its dividend in the past three years.

Analyst price forecast suggests 134.22% upside

As of January 30, 2023, the one-year average price target for Park-Ohio Holdings was $31.62. The forecast ranges from a low of $31.31 to a high of $32.55. The average price target represents a 134.22% increase from its last reported closing price of $13.50.

Expected annual revenue for Park-Ohio Holdings is $1,873 million, an increase of 13.33%. Projected annual EPS is $2.61.

Fund Sentiment

There are 140 funds or institutions reporting positions in Park-Ohio Holdings. This is a decrease of 75 owner(s) or 34.88%.

Average portfolio weight of all funds dedicated to business is 0.0467%, an increase of 3.4757%. The total number of shares held by institutions has decreased over the past three months by 7.09% to 7,811,000 shares.

What do the big shareholders do?

Private Management Group holds 954,965 shares representing 7.94% ownership of the company. In its previous filing, the company said it held 972,053 shares, representing a decrease of 1.79%. The company decreases its portfolio allocation to PKOH of 25.53% in the last quarter.

Gamco Investors, Inc. Et Al owns 922,810 shares representing 7.68% ownership of the company. In its previous filing, the company said it held 922,455 shares, representing a raise by 0.04%. The company decreases its portfolio allocation to PKOH of 23.38% in the last quarter.

FLPSX – Fidelity Low-Priced Stock Fund holds 746,811 shares representing 6.21% ownership of the company. In its previous filing, the company said it held 747,106 shares, representing a decrease by 0.04%. The company decreases its portfolio allocation to PKOH of 33.14% in the last quarter.

EQ ADVISORS TRUST – 1290 VT GAMCO Small Company Value Portfolio Class IA holds 555,000 shares representing 4.62% ownership of the company. No change in the last quarter.

Gabelli Funds owns 466,900 shares representing 3.88% ownership of the company. In its previous filing, the company said it held 466,400 shares, representing a raise by 0.11%. The company decreases its portfolio allocation to PKOH by 23.35% in the last quarter.

General information about Park-Ohio Holdings
(This description is provided by the company.)

ParkOhio is a diversified international company providing world-class clients with supply chain management outsourcing service, capital equipment used on their production lines and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 125 manufacturing sites and supply chain logistics facilities worldwide, across three reportable segments: Supply Technologies, Engineered Products and Power Components. assembly.

This story originally appeared on Fintel.

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