Park-Ohio Holdings Corp. (NASDAQ:PKOH) Holdings Lifted by State Street Corp

State Street Corp raised its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,356 shares of the industrial products company’s stock after purchasing an additional 1,034 shares during the quarter. State Street Corp owned about 0.96% of Park-Ohio worth $4,125,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in Park-Ohio by 1,986.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 1,510 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Park-Ohio by 105.2% in the third quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 1,669 shares in the last quarter. EMC Capital Management increased its holdings in shares of Park-Ohio by 166.1% during the third quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 4,416 shares during the period. L & S Advisors Inc bought a new stake in shares of Park-Ohio during the third quarter valued at about $230,000. Finally, Aristeia Capital L.L.C. lifted its holdings in Park-Ohio by 11.3% in the second quarter. Aristeia Capital L.L.C. now owns 11,515 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 1,170 shares during the period. Institutional investors own 51.38% of the company’s stock.

Insider Transactions at Park-Ohio

In related news, insider Robert D. Vilsack sold 3,556 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total value of $112,618.52. Following the completion of the transaction, the insider now owns 187,764 shares in the company, valued at $5,946,485.88. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Patrick V. Auletta sold 9,800 shares of Park-Ohio stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $31.43, for a total value of $308,014.00. Following the completion of the transaction, the director now directly owns 12,135 shares in the company, valued at $381,403.05. This represents a 44.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 33.04% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Park-Ohio Price Performance

Shares of NASDAQ:PKOH opened at $26.19 on Tuesday. The stock has a market cap of $367.76 million, a price-to-earnings ratio of 20.95 and a beta of 1.18. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. Park-Ohio Holdings Corp. has a 12 month low of $22.74 and a 12 month high of $34.50. The stock’s 50 day moving average price is $30.21 and its 200 day moving average price is $28.89.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.18. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%. The company had revenue of $417.60 million for the quarter.

Park-Ohio Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.125 per share. The ex-dividend date was Friday, November 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.91%. Park-Ohio’s dividend payout ratio (DPR) is 40.00%.

Park-Ohio Profile

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.