Gamco Investors INC. ET AL boosted its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH – Free Report) by 14.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,272,221 shares of the industrial products company’s stock after buying an additional 156,890 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.09% of Park-Ohio worth $26,640,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Park-Ohio by 10.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after buying an additional 527 shares in the last quarter. Rhumbline Advisers lifted its holdings in Park-Ohio by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock worth $247,000 after buying an additional 589 shares in the last quarter. CWM LLC lifted its holdings in Park-Ohio by 238.4% during the 3rd quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock worth $26,000 after buying an additional 856 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Park-Ohio by 69.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock worth $55,000 after buying an additional 1,065 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Park-Ohio by 25.3% during the 3rd quarter. Bank of America Corp DE now owns 6,048 shares of the industrial products company’s stock worth $128,000 after buying an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.
Park-Ohio Stock Performance
PKOH stock opened at $30.62 on Monday. The business’s fifty day moving average is $26.45 and its 200-day moving average is $23.97. The company has a quick ratio of 1.23, a current ratio of 2.40 and a debt-to-equity ratio of 1.70. The company has a market cap of $440.93 million, a P/E ratio of 18.23 and a beta of 1.17. Park-Ohio Holdings Corp. has a twelve month low of $15.52 and a twelve month high of $31.92.
Park-Ohio Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. Park-Ohio’s dividend payout ratio is 29.76%.
Insiders Place Their Bets
In related news, Director Howard W. Iv Hanna sold 2,600 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $24.80, for a total value of $64,480.00. Following the completion of the sale, the director owned 21,500 shares in the company, valued at $533,200. This represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronna Romney sold 2,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $24.51, for a total transaction of $49,020.00. Following the completion of the sale, the director owned 26,944 shares of the company’s stock, valued at approximately $660,397.44. This represents a 6.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 7,000 shares of company stock worth $173,620. 31.10% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
PKOH has been the topic of several research reports. Wall Street Zen raised Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Zacks Research raised Park-Ohio to a “hold” rating in a report on Monday, February 9th. KeyCorp raised Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a report on Monday, February 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Park-Ohio in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Park-Ohio currently has an average rating of “Hold” and a consensus target price of $37.00.
Get Our Latest Analysis on PKOH
Park-Ohio Profile
Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.
The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.
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