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

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction dated Thursday, May 2nd. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Park-Ohio Trading Down 1.8 %

NASDAQ PKOH opened at $25.60 on Tuesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.16 and a current ratio of 2.25. Park-Ohio Holdings Corp. has a one year low of $14.85 and a one year high of $28.79. The company’s 50 day moving average price is $25.37 and its 200 day moving average price is $24.88. The firm has a market capitalization of $334.59 million, a price-to-earnings ratio of 28.13 and a beta of 1.21.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. Park-Ohio had a net margin of 0.70% and a return on equity of 13.93%. The firm had revenue of $417.60 million during the quarter, compared to analysts’ expectations of $439.00 million. During the same period in the prior year, the company earned $0.72 EPS. On average, sell-side analysts predict that Park-Ohio Holdings Corp. will post 3.37 EPS for the current year.

Park-Ohio Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 2nd. Park-Ohio’s dividend payout ratio is presently 54.95%.

Institutional Trading of Park-Ohio

Several large investors have recently bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in Park-Ohio by 70.6% during the 3rd quarter. Acadian Asset Management LLC now owns 219,837 shares of the industrial products company’s stock valued at $4,373,000 after purchasing an additional 90,998 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Park-Ohio in the 3rd quarter valued at about $1,197,000. Assenagon Asset Management S.A. purchased a new stake in shares of Park-Ohio during the third quarter worth about $741,000. Dimensional Fund Advisors LP lifted its stake in shares of Park-Ohio by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 751,077 shares of the industrial products company’s stock worth $20,249,000 after acquiring an additional 26,215 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in Park-Ohio in the fourth quarter valued at about $562,000. Institutional investors and hedge funds own 51.38% of the company’s stock.

Analyst Ratings Changes

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

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.