Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Sells $308,014.00 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Patrick V. Auletta sold 9,800 shares of Park-Ohio stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $31.43, for a total transaction of $308,014.00. Following the completion of the transaction, the director now owns 12,135 shares in the company, valued at approximately $381,403.05. This represents a 44.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Park-Ohio Price Performance

Park-Ohio stock opened at $31.32 on Monday. The business has a 50 day simple moving average of $30.82 and a 200-day simple moving average of $28.61. Park-Ohio Holdings Corp. has a 12 month low of $22.74 and a 12 month high of $34.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. The stock has a market capitalization of $439.80 million, a PE ratio of 25.06 and a beta of 1.18.

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

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Friday, November 15th. Park-Ohio’s payout ratio is 40.00%.

Institutional Trading of Park-Ohio

Several hedge funds have recently modified their holdings of PKOH. Segall Bryant & Hamill LLC purchased a new position in Park-Ohio in the third quarter worth $1,758,000. Empowered Funds LLC increased its holdings in shares of Park-Ohio by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 536 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Park-Ohio by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 95,170 shares of the industrial products company’s stock valued at $2,464,000 after purchasing an additional 496 shares during the period. First Eagle Investment Management LLC boosted its holdings in Park-Ohio by 41.8% during the second quarter. First Eagle Investment Management LLC now owns 158,189 shares of the industrial products company’s stock worth $4,096,000 after buying an additional 46,660 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Park-Ohio by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company’s stock worth $233,000 after buying an additional 449 shares during the period. 51.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Park-Ohio from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th.

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.