Wells Fargo & Company MN Buys 1,328 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Wells Fargo & Company MN raised its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 33.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,272 shares of the industrial products company’s stock after purchasing an additional 1,328 shares during the period. Wells Fargo & Company MN’s holdings in Park-Ohio were worth $138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PKOH. SG Americas Securities LLC bought a new position in Park-Ohio in the fourth quarter valued at $106,000. Jane Street Group LLC purchased a new position in shares of Park-Ohio in the third quarter valued at about $242,000. Empowered Funds LLC raised its holdings in Park-Ohio by 4.3% in the 4th quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 471 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Park-Ohio during the 4th quarter worth approximately $303,000. Finally, Barclays PLC lifted its holdings in shares of Park-Ohio by 215.2% during the third quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 8,195 shares during the last quarter. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a report on Thursday, March 13th.

Insider Buying and Selling at Park-Ohio

In other news, Director Edward F. Crawford sold 22,500 shares of Park-Ohio stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total transaction of $486,675.00. Following the completion of the sale, the director now directly owns 766,273 shares in the company, valued at approximately $16,574,484.99. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 31.51% of the company’s stock.

Park-Ohio Price Performance

Shares of NASDAQ:PKOH opened at $19.55 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. Park-Ohio Holdings Corp. has a twelve month low of $17.58 and a twelve month high of $34.50. The stock has a market capitalization of $278.18 million, a PE ratio of 15.64 and a beta of 1.27. The firm’s 50 day moving average price is $20.65 and its 200-day moving average price is $25.18.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.18). The business had revenue of $405.40 million during the quarter, compared to the consensus estimate of $425.95 million. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%.

Park-Ohio Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, May 2nd. Park-Ohio’s dividend payout ratio (DPR) is presently 20.49%.

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.