Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Sells $486,675.00 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Edward F. Crawford sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the sale, the director now owns 766,273 shares in the company, valued at approximately $16,574,484.99. This represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Park-Ohio Stock Up 1.2 %

PKOH stock opened at $21.53 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $306.39 million, a PE ratio of 17.22 and a beta of 1.16. Park-Ohio Holdings Corp. has a 1-year low of $21.00 and a 1-year high of $34.50. The business’s 50 day simple moving average is $24.37 and its 200 day simple moving average is $27.80.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, February 7th. Park-Ohio’s dividend payout ratio is 20.49%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Park-Ohio from a “buy” rating to a “hold” rating in a report on Thursday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PKOH. Federated Hermes Inc. grew its holdings in Park-Ohio by 74.9% in the 4th quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company’s stock valued at $58,000 after buying an additional 944 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Park-Ohio by 105.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 1,669 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Park-Ohio during the 4th quarter worth $106,000. Wells Fargo & Company MN grew its holdings in shares of Park-Ohio by 33.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 1,328 shares in the last quarter. Finally, L & S Advisors Inc acquired a new stake in shares of Park-Ohio during the 3rd quarter worth $230,000. 51.38% of the stock is owned by institutional investors and hedge funds.

Park-Ohio Company 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.