Strs Ohio Acquires New Holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Strs Ohio bought a new position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,800 shares of the industrial products company’s stock, valued at approximately $75,000.

Several other institutional investors also recently modified their holdings of PKOH. Gladius Capital Management LP bought a new position in Park-Ohio in the 3rd quarter valued at approximately $37,000. Barclays PLC raised its stake in shares of Park-Ohio by 32.6% during the third quarter. Barclays PLC now owns 2,225 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 547 shares during the last quarter. Covestor Ltd raised its stake in shares of Park-Ohio by 6,160.0% during the third quarter. Covestor Ltd now owns 2,817 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 2,772 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Park-Ohio during the third quarter worth $60,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Park-Ohio in the third quarter worth $87,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th.

Insider Activity at Park-Ohio

In other Park-Ohio news, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.00, for a total value of $26,000.00. Following the transaction, the director now directly owns 89,190 shares of the company’s stock, valued at $2,318,940. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Park-Ohio news, Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $26.00, for a total value of $26,000.00. Following the completion of the sale, the director now directly owns 89,190 shares of the company’s stock, valued at $2,318,940. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James W. Wert sold 1,500 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total transaction of $38,970.00. Following the transaction, the director now directly owns 82,690 shares in the company, valued at approximately $2,148,286.20. The disclosure for this sale can be found here. Insiders have sold a total of 3,500 shares of company stock worth $91,990 in the last 90 days. Corporate insiders own 33.26% of the company’s stock.

Park-Ohio Price Performance

Park-Ohio stock opened at $25.90 on Thursday. The firm has a market cap of $338.51 million, a P/E ratio of 28.46 and a beta of 1.23. The stock’s 50 day moving average is $25.32 and its 200 day moving average is $24.82. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.27 and a quick ratio of 1.14. Park-Ohio Holdings Corp. has a one year low of $12.34 and a one year high of $28.79.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Monday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. Park-Ohio had a net margin of 0.70% and a return on equity of 14.05%. The company had revenue of $417.60 million for the quarter, compared to analyst estimates of $439.00 million. During the same period in the prior year, the firm posted $0.72 EPS. As a group, research analysts expect that Park-Ohio Holdings Corp. will post 3.36 EPS for the current year.

Park-Ohio Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, May 2nd. Park-Ohio’s dividend payout ratio is 54.95%.

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.