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 the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $26.57, for a total value of $26,570.00. Following the sale, the director now owns 81,690 shares in the company, valued at $2,170,503.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Park-Ohio Stock Performance

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. The stock has a market capitalization of $334.59 million, a PE ratio of 28.13 and a beta of 1.21. Park-Ohio Holdings Corp. has a fifty-two week low of $14.85 and a fifty-two week high of $28.79. The company has a fifty day moving average of $25.37 and a two-hundred day moving average of $24.88.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $0.85 earnings per share for the quarter, topping 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 firm had revenue of $417.60 million during the quarter, compared to the consensus estimate of $439.00 million. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, research analysts forecast that Park-Ohio Holdings Corp. will post 3.37 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bfsg LLC purchased a new stake in shares of Park-Ohio during the fourth quarter worth $232,000. Ritholtz Wealth Management purchased a new stake in Park-Ohio during the 4th quarter valued at about $227,000. Public Employees Retirement System of Ohio acquired a new stake in Park-Ohio in the 3rd quarter valued at about $87,000. Los Angeles Capital Management LLC purchased a new position in Park-Ohio in the 3rd quarter worth approximately $1,197,000. Finally, Acadian Asset Management LLC lifted its stake in Park-Ohio by 70.6% in the 3rd quarter. Acadian Asset Management LLC now owns 219,837 shares of the industrial products company’s stock worth $4,373,000 after purchasing an additional 90,998 shares in the last quarter. 51.38% of the stock is owned by institutional investors and hedge funds.

Park-Ohio Company 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.