Park-Ohio Holdings Corp. (NASDAQ:PKOH) Holdings Boosted by State Street Corp

State Street Corp grew its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,356 shares of the industrial products company’s stock after purchasing an additional 1,034 shares during the period. State Street Corp’s holdings in Park-Ohio were worth $4,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp grew its position in Park-Ohio by 0.5% during 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 in the last quarter. Empowered Funds LLC boosted its stake in shares of Park-Ohio by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock valued at $334,000 after buying an additional 536 shares during the period. Aristeia Capital L.L.C. boosted its stake in shares of Park-Ohio by 11.3% during the 2nd quarter. Aristeia Capital L.L.C. now owns 11,515 shares of the industrial products company’s stock valued at $298,000 after buying an additional 1,170 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Park-Ohio by 1,986.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 1,510 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Park-Ohio by 105.2% in the third quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 1,669 shares during the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Park-Ohio

In other Park-Ohio news, insider Robert D. Vilsack sold 3,556 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total transaction of $112,618.52. Following the transaction, the insider now owns 187,764 shares in the company, valued at $5,946,485.88. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Patrick V. Auletta sold 9,800 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $31.43, for a total transaction of $308,014.00. Following the completion of the sale, the director now owns 12,135 shares of the company’s stock, valued at $381,403.05. The trade was a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 33.04% of the company’s stock.

Park-Ohio Trading Up 1.4 %

Shares of NASDAQ PKOH opened at $26.19 on Tuesday. The business has a 50 day simple moving average of $30.21 and a 200 day simple moving average of $28.89. Park-Ohio Holdings Corp. has a 52 week low of $22.74 and a 52 week high of $34.50. The stock has a market cap of $367.76 million, a price-to-earnings ratio of 20.95 and a beta of 1.18. 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 (NASDAQ:PKOH) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.18. Park-Ohio had a net margin of 1.01% and a return on equity of 14.64%. The firm 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 1.91%. The ex-dividend date of this dividend was Friday, November 15th. Park-Ohio’s payout ratio is 40.00%.

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.