49,000 Shares in Park-Ohio Holdings Corp. (NASDAQ:PKOH) Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp purchased a new stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,000 shares of the industrial products company's stock, valued at approximately $1,287,000. King Luther Capital Management Corp owned approximately 0.35% of Park-Ohio as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of PKOH. Empowered Funds LLC grew 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 worth $298,000 after acquiring an additional 471 shares during the last quarter. Rhumbline Advisers increased its stake in Park-Ohio by 5.2% in the 4th 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. State Street Corp raised its holdings 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 worth $4,125,000 after buying an additional 1,034 shares during the period. Victory Capital Management Inc. lifted its stake in Park-Ohio by 4.9% during the fourth quarter. Victory Capital Management Inc. now owns 23,500 shares of the industrial products company's stock valued at $617,000 after buying an additional 1,100 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Park-Ohio by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,446 shares of the industrial products company's stock valued at $668,000 after buying an additional 1,207 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company's stock.

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Park-Ohio Stock Up 1.0 %

NASDAQ:PKOH traded up $0.22 during trading hours on Monday, hitting $21.75. 16,527 shares of the stock traded hands, compared to its average volume of 26,776. The firm has a market cap of $309.52 million, a price-to-earnings ratio of 17.40 and a beta of 1.16. The firm has a 50 day moving average price of $24.37 and a 200 day moving average price of $27.78. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. Park-Ohio Holdings Corp. has a fifty-two week low of $21.00 and a fifty-two week high of $34.50.

Park-Ohio Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 7th. Park-Ohio's dividend payout ratio is currently 20.49%.

Insiders Place Their Bets

In other Park-Ohio 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 owns 766,273 shares of the company's stock, valued at $16,574,484.99. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 33.04% of the company's stock.

Wall Street Analyst Weigh In

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

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.