Invesco Ltd. Sells 3,698 Shares of Park-Ohio Holdings Corp. $PKOH

Invesco Ltd. decreased its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,909 shares of the industrial products company’s stock after selling 3,698 shares during the period. Invesco Ltd. owned approximately 0.15% of Park-Ohio worth $473,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Park-Ohio by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,831 shares of the industrial products company’s stock worth $580,000 after acquiring an additional 1,385 shares in the last quarter. Inspire Advisors LLC bought a new stake in shares of Park-Ohio in the first quarter valued at about $311,000. Private Management Group Inc. lifted its holdings in shares of Park-Ohio by 4.2% in the first quarter. Private Management Group Inc. now owns 1,004,311 shares of the industrial products company’s stock valued at $21,693,000 after purchasing an additional 40,594 shares in the last quarter. Bailard Inc. lifted its holdings in shares of Park-Ohio by 15.3% in the first quarter. Bailard Inc. now owns 11,299 shares of the industrial products company’s stock valued at $244,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Park-Ohio by 10.6% in the first quarter. Victory Capital Management Inc. now owns 26,000 shares of the industrial products company’s stock valued at $562,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors own 51.38% of the company’s stock.

Insider Transactions at Park-Ohio

In related news, CEO Matthew V. Crawford bought 4,167 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $20.04 per share, for a total transaction of $83,506.68. Following the completion of the acquisition, the chief executive officer owned 911,237 shares of the company’s stock, valued at approximately $18,261,189.48. The trade was a 0.46% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 31.51% of the company’s stock.

Park-Ohio Stock Performance

Shares of Park-Ohio stock opened at $21.05 on Friday. The firm has a market cap of $303.12 million, a price-to-earnings ratio of 10.37 and a beta of 1.32. The stock’s 50-day moving average is $18.40 and its 200-day moving average is $19.51. Park-Ohio Holdings Corp. has a one year low of $15.52 and a one year high of $34.50. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.60 and a quick ratio of 1.33.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01). The firm had revenue of $400.10 million during the quarter, compared to the consensus estimate of $416.10 million. Park-Ohio had a net margin of 1.73% and a return on equity of 12.27%.

Park-Ohio Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 1st. Park-Ohio’s payout ratio is 24.63%.

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.