Victory Capital Management Inc. Has $595,000 Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Victory Capital Management Inc. trimmed its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the industrial products company’s stock after selling 1,200 shares during the quarter. Victory Capital Management Inc.’s holdings in Park-Ohio were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of PKOH. Price T Rowe Associates Inc. MD raised its stake in shares of Park-Ohio by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 449 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 buying an additional 496 shares during the period. Empowered Funds LLC increased its position in shares of Park-Ohio by 7.8% during the first quarter. Empowered Funds LLC now owns 9,618 shares of the industrial products company’s stock valued at $257,000 after buying an additional 700 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Park-Ohio by 0.4% during the first quarter. Acadian Asset Management LLC now owns 246,968 shares of the industrial products company’s stock worth $6,584,000 after purchasing an additional 1,074 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Park-Ohio by 1,986.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 1,510 shares in the last quarter. 51.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Park-Ohio from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th.

Park-Ohio Stock Performance

NASDAQ:PKOH opened at $28.30 on Monday. The firm has a market cap of $369.91 million, a PE ratio of 31.10 and a beta of 1.16. Park-Ohio Holdings Corp. has a fifty-two week low of $19.18 and a fifty-two week high of $31.95. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.42. The business has a 50 day moving average price of $28.92 and a 200-day moving average price of $26.60.

Park-Ohio (NASDAQ:PKOH) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.08. The company had revenue of $432.60 million during the quarter. Park-Ohio had a return on equity of 14.72% and a net margin of 1.09%. During the same quarter in the prior year, the company earned $0.83 EPS.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a $0.125 dividend. The ex-dividend date was Friday, August 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.77%. Park-Ohio’s dividend payout ratio (DPR) is 54.95%.

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.