Park-Ohio Holdings Corp. (NASDAQ:PKOH) Stake Lifted by Barclays PLC

Barclays PLC increased its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 215.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,003 shares of the industrial products company’s stock after buying an additional 8,195 shares during the quarter. Barclays PLC’s holdings in Park-Ohio were worth $369,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PKOH. Segall Bryant & Hamill LLC bought a new stake in shares of Park-Ohio in the 3rd quarter worth $1,758,000. Empowered Funds LLC raised its position in Park-Ohio by 5.2% in the third quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 536 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Park-Ohio by 0.5% in the 2nd 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 acquiring an additional 496 shares during the last quarter. State Street Corp lifted its holdings in Park-Ohio by 0.8% in the 3rd quarter. State Street Corp now owns 134,356 shares of the industrial products company’s stock valued at $4,125,000 after acquiring an additional 1,034 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of Park-Ohio by 41.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 158,189 shares of the industrial products company’s stock worth $4,096,000 after purchasing an additional 46,660 shares during the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Robert D. Vilsack sold 3,556 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total value of $112,618.52. Following the completion of the sale, the insider now owns 187,764 shares of the company’s stock, 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 filing with the SEC, which is available at this link. Also, Director Patrick V. Auletta sold 9,800 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $31.43, for a total value of $308,014.00. Following the transaction, the director now directly owns 12,135 shares in the company, 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. Company insiders own 33.04% of the company’s stock.

Wall Street Analyst Weigh In

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

Park-Ohio Stock Performance

PKOH opened at $25.53 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The firm has a market cap of $358.49 million, a PE ratio of 20.42 and a beta of 1.21. The business has a fifty day simple moving average of $29.96 and a 200-day simple moving average of $28.86. Park-Ohio Holdings Corp. has a fifty-two week low of $22.74 and a fifty-two week high of $34.50.

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

Park-Ohio Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.125 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.96%. Park-Ohio’s dividend payout ratio (DPR) is presently 40.00%.

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.