Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Sold by LSV Asset Management

LSV Asset Management decreased its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,675 shares of the industrial products company's stock after selling 14,900 shares during the quarter. LSV Asset Management owned about 1.42% of Park-Ohio worth $5,245,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. First Eagle Investment Management LLC raised its holdings in shares of Park-Ohio by 21.8% in the fourth quarter. First Eagle Investment Management LLC now owns 258,913 shares of the industrial products company's stock worth $6,802,000 after buying an additional 46,324 shares during the period. American Century Companies Inc. grew its holdings in shares of Park-Ohio by 28.3% in the fourth quarter. American Century Companies Inc. now owns 202,311 shares of the industrial products company's stock worth $5,315,000 after purchasing an additional 44,603 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Park-Ohio by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 197,209 shares of the industrial products company's stock valued at $5,182,000 after buying an additional 2,227 shares in the last quarter. State Street Corp boosted its position in Park-Ohio by 0.8% in the 3rd quarter. State Street Corp now owns 134,356 shares of the industrial products company's stock valued at $4,125,000 after buying an additional 1,034 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Park-Ohio by 13.6% in the 4th quarter. Bank of New York Mellon Corp now owns 100,432 shares of the industrial products company's stock worth $2,638,000 after acquiring an additional 12,027 shares in the last quarter. Institutional investors own 51.38% of the company's stock.

Analyst Upgrades and Downgrades

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

Park-Ohio Stock Up 3.0 %

Shares of PKOH stock traded up $0.55 on Friday, hitting $18.80. The stock had a trading volume of 22,513 shares, compared to its average volume of 28,330. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. Park-Ohio Holdings Corp. has a one year low of $18.00 and a one year high of $34.50. The business has a 50 day moving average price of $22.06 and a 200 day moving average price of $26.24. The company has a market cap of $267.51 million, a PE ratio of 15.04 and a beta of 1.10.

Park-Ohio Announces Dividend

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

Insider Activity

In related news, Director Edward F. Crawford sold 22,500 shares of the company's 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 completion of the sale, the director now directly owns 766,273 shares in the company, valued at $16,574,484.99. This represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 33.04% of the company's stock.

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.