Segall Bryant & Hamill LLC Buys 9,745 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Segall Bryant & Hamill LLC boosted its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,010 shares of the industrial products company’s stock after purchasing an additional 9,745 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Park-Ohio were worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. King Luther Capital Management Corp bought a new stake in shares of Park-Ohio during the 4th quarter worth $1,287,000. First Eagle Investment Management LLC raised its position in Park-Ohio by 21.8% during the fourth quarter. First Eagle Investment Management LLC now owns 258,913 shares of the industrial products company’s stock valued at $6,802,000 after purchasing an additional 46,324 shares in the last quarter. American Century Companies Inc. lifted its stake in Park-Ohio by 28.3% during the fourth quarter. American Century Companies Inc. now owns 202,311 shares of the industrial products company’s stock worth $5,315,000 after purchasing an additional 44,603 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Park-Ohio by 13.6% in the 4th quarter. Bank of New York Mellon Corp now owns 100,432 shares of the industrial products company’s stock worth $2,638,000 after purchasing an additional 12,027 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Park-Ohio by 51.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 26,026 shares of the industrial products company’s stock valued at $799,000 after purchasing an additional 8,841 shares during the last quarter. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Park-Ohio

In other news, Director Edward F. Crawford sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total value of $486,675.00. Following the transaction, the director now owns 766,273 shares in the company, valued at approximately $16,574,484.99. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 33.04% of the company’s stock.

Park-Ohio Price Performance

Shares of Park-Ohio stock opened at $21.79 on Friday. The stock has a market capitalization of $310.09 million, a price-to-earnings ratio of 17.43 and a beta of 1.16. The company has a fifty day moving average of $23.91 and a 200-day moving average of $27.33. Park-Ohio Holdings Corp. has a 52-week low of $21.00 and a 52-week high of $34.50. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.26 and a current ratio of 2.45.

Park-Ohio Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, February 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.29%. Park-Ohio’s dividend payout ratio (DPR) is currently 20.49%.

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.