JPMorgan Chase & Co. Increases Stock Holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

JPMorgan Chase & Co. boosted its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 66.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,205 shares of the industrial products company's stock after acquiring an additional 17,179 shares during the period. JPMorgan Chase & Co. owned 0.31% of Park-Ohio worth $1,135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Park-Ohio in the fourth quarter worth $106,000. Jane Street Group LLC bought a new position in Park-Ohio in the 3rd quarter worth about $242,000. Empowered Funds LLC raised its holdings in shares of Park-Ohio by 4.3% in the 4th quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 471 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Park-Ohio by 5.2% during the 4th quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company's stock valued at $354,000 after acquiring an additional 661 shares during the last quarter. Finally, Barclays PLC grew 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 worth $369,000 after purchasing an additional 8,195 shares in the last quarter. Institutional investors own 51.38% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Park-Ohio from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th.

Insider Buying and Selling at Park-Ohio

In other news, Director Edward F. Crawford sold 22,500 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $16,574,484.99. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 31.51% of the company's stock.

Park-Ohio Trading Down 1.5 %

NASDAQ PKOH opened at $19.30 on Friday. The stock's 50-day simple moving average is $21.41 and its two-hundred day simple moving average is $25.85. Park-Ohio Holdings Corp. has a twelve month low of $17.90 and a twelve month high of $34.50. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $274.62 million, a price-to-earnings ratio of 15.44 and a beta of 1.10.

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, May 2nd. Park-Ohio's dividend payout ratio is currently 20.49%.

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.

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