Park-Ohio Holdings Corp. (NASDAQ:PKOH) Position Increased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC increased its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 444.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,530 shares of the industrial products company's stock after purchasing an additional 38,800 shares during the period. Brandywine Global Investment Management LLC owned 0.34% of Park-Ohio worth $1,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PKOH. BNP Paribas Financial Markets lifted its stake 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 valued at $100,000 after buying an additional 1,669 shares during the last quarter. Quadrature Capital Ltd boosted its stake in Park-Ohio by 46.0% during the 3rd quarter. Quadrature Capital Ltd now owns 11,707 shares of the industrial products company's stock valued at $359,000 after purchasing an additional 3,691 shares during the period. State Street Corp boosted its stake in Park-Ohio by 0.8% during the 3rd quarter. State Street Corp now owns 134,356 shares of the industrial products company's stock valued at $4,125,000 after purchasing an additional 1,034 shares during the period. Jane Street Group LLC acquired a new stake in shares of Park-Ohio in the third quarter valued at approximately $242,000. Finally, Barclays PLC raised its holdings in shares of Park-Ohio by 215.2% during the third quarter. Barclays PLC now owns 12,003 shares of the industrial products company's stock valued at $369,000 after buying an additional 8,195 shares during the last quarter. Institutional investors and hedge funds own 51.38% of the company's stock.

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Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Park-Ohio

In other news, Director Edward F. Crawford sold 22,500 shares of Park-Ohio stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total transaction of $486,675.00. Following the transaction, the director now directly owns 766,273 shares in the company, valued at approximately $16,574,484.99. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 33.04% of the stock is owned by corporate insiders.

Park-Ohio Stock Performance

Shares of NASDAQ:PKOH traded down $0.17 on Monday, hitting $19.23. The company's stock had a trading volume of 27,021 shares, compared to its average volume of 27,912. The company has a market capitalization of $273.66 million, a price-to-earnings ratio of 15.38 and a beta of 1.10. 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 Holdings Corp. has a 12 month low of $18.44 and a 12 month high of $34.50. The stock's 50-day moving average is $23.40 and its two-hundred day moving average is $26.98.

Park-Ohio Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, February 7th. This represents a $0.50 annualized dividend and a yield of 2.60%. Park-Ohio's payout ratio is 20.49%.

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.