James W. Wert Sells 1,000 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $26.57, for a total transaction of $26,570.00. Following the sale, the director now owns 81,690 shares of the company’s stock, valued at $2,170,503.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Park-Ohio Price Performance

Park-Ohio stock opened at $25.85 on Wednesday. The firm has a market capitalization of $337.89 million, a PE ratio of 28.41 and a beta of 1.21. Park-Ohio Holdings Corp. has a 52 week low of $14.85 and a 52 week high of $28.79. The firm’s 50-day simple moving average is $25.36 and its 200 day simple moving average is $24.90. The company has a quick ratio of 1.16, a current ratio of 2.25 and a debt-to-equity ratio of 2.21.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.76 by $0.09. Park-Ohio had a net margin of 0.70% and a return on equity of 13.93%. The business 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 business earned $0.72 earnings per share. On average, equities research analysts predict that Park-Ohio Holdings Corp. will post 3.37 EPS for the current fiscal year.

Park-Ohio Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Trading of Park-Ohio

A number of large investors have recently made changes to their positions in the stock. Barclays PLC lifted its holdings in Park-Ohio by 32.6% in the 3rd quarter. Barclays PLC now owns 2,225 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 547 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Park-Ohio by 7.8% during the first quarter. Empowered Funds LLC now owns 9,618 shares of the industrial products company’s stock valued at $257,000 after buying an additional 700 shares during the period. Schneider Downs Wealth Management Advisors LP lifted its stake in shares of Park-Ohio by 4.4% during the third quarter. Schneider Downs Wealth Management Advisors LP now owns 19,155 shares of the industrial products company’s stock valued at $381,000 after buying an additional 810 shares during the period. Tower Research Capital LLC TRC boosted its position in Park-Ohio by 146.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,064 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 1,228 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new stake in Park-Ohio in the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 51.38% of the company’s stock.

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.