CM Wealth Advisors LLC Cuts Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

CM Wealth Advisors LLC lowered its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,526 shares of the industrial products company's stock after selling 13,600 shares during the period. Park-Ohio comprises about 0.9% of CM Wealth Advisors LLC's investment portfolio, making the stock its 14th biggest holding. CM Wealth Advisors LLC owned 0.74% of Park-Ohio worth $2,720,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PKOH. Rhumbline Advisers increased its stake in shares of Park-Ohio by 5.2% in the fourth quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company's stock worth $354,000 after purchasing an additional 661 shares in the last quarter. Geode Capital Management LLC increased its stake in Park-Ohio by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company's stock worth $5,987,000 after buying an additional 2,928 shares in the last quarter. Jane Street Group LLC bought a new stake in Park-Ohio during the third quarter valued at about $242,000. Barclays PLC lifted its holdings in Park-Ohio by 215.2% in the 3rd quarter. Barclays PLC now owns 12,003 shares of the industrial products company's stock worth $369,000 after purchasing an additional 8,195 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Park-Ohio by 51.4% in the third quarter. JPMorgan Chase & Co. now owns 26,026 shares of the industrial products company's stock worth $799,000 after buying an additional 8,841 shares in the last quarter. Institutional investors own 51.38% of the company's stock.

Park-Ohio Price Performance

NASDAQ:PKOH traded up $0.55 during trading hours on Friday, reaching $18.80. The stock had a trading volume of 22,513 shares, compared to its average volume of 28,307. The stock has a market capitalization of $267.51 million, a PE ratio of 15.04 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. The company has a 50 day moving average price of $22.20 and a two-hundred day moving average price of $26.32. Park-Ohio Holdings Corp. has a 52 week low of $18.00 and a 52 week high of $34.50.

Park-Ohio Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.66%. Park-Ohio's dividend payout ratio is currently 20.49%.

Analysts Set New Price Targets

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

Insider Transactions at Park-Ohio

In other Park-Ohio news, Director Edward F. Crawford sold 22,500 shares of the business'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 transaction of $486,675.00. Following the completion of the transaction, the director now owns 766,273 shares in the company, valued at $16,574,484.99. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 33.04% of the company's stock.

About Park-Ohio

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.