Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 13.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,432 shares of the industrial products company's stock after buying an additional 12,027 shares during the period. Bank of New York Mellon Corp owned about 0.72% of Park-Ohio worth $2,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in 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 purchasing an additional 1,669 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Park-Ohio in the 4th quarter worth approximately $106,000. L & S Advisors Inc bought a new position in shares of Park-Ohio during the 3rd quarter worth approximately $230,000. Jane Street Group LLC purchased a new stake in Park-Ohio during the third quarter valued at approximately $242,000. Finally, Empowered Funds LLC boosted its stake 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 valued at $334,000 after acquiring an additional 536 shares in the last quarter. Hedge funds and other institutional investors own 51.38% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Park-Ohio from a "buy" rating to a "hold" rating in a report on Thursday, March 13th.

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Park-Ohio Stock Up 3.0 %

Park-Ohio stock traded up $0.67 during midday trading on Monday, reaching $22.67. The company's stock had a trading volume of 14,013 shares, compared to its average volume of 26,774. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. The stock has a market capitalization of $322.62 million, a P/E ratio of 18.14 and a beta of 1.16. The stock's 50-day simple moving average is $24.16 and its 200-day simple moving average is $27.52. Park-Ohio Holdings Corp. has a 52-week low of $21.00 and a 52-week high of $34.50.

Park-Ohio Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, February 7th. Park-Ohio's dividend payout ratio (DPR) is presently 20.49%.

Insiders Place Their Bets

In other news, Director Edward F. Crawford sold 22,500 shares of Park-Ohio stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total transaction of $486,675.00. Following the completion of the sale, the director now directly owns 766,273 shares in the company, valued at approximately $16,574,484.99. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 33.04% of the stock is owned by insiders.

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.