Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Sells $486,675.00 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) Director Edward F. Crawford sold 22,500 shares of Park-Ohio 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 owns 766,273 shares of the company's stock, valued at approximately $16,574,484.99. The trade was a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Park-Ohio Trading Up 0.4 %

PKOH stock traded up $0.08 on Tuesday, hitting $21.83. 8,960 shares of the company were exchanged, compared to its average volume of 26,707. Park-Ohio Holdings Corp. has a twelve month low of $21.00 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. The business's fifty day moving average is $24.30 and its two-hundred day moving average is $27.72. The stock has a market capitalization of $310.66 million, a price-to-earnings ratio of 17.46 and a beta of 1.16.

Park-Ohio Dividend Announcement

The firm also recently disclosed 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 2.29%. Park-Ohio's dividend payout ratio is currently 20.49%.

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Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Park-Ohio

Several institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Park-Ohio in the fourth quarter valued at $1,547,000. Squarepoint Ops LLC boosted its stake in shares of Park-Ohio by 165.0% in the fourth quarter. Squarepoint Ops LLC now owns 19,067 shares of the industrial products company's stock valued at $501,000 after purchasing an additional 11,871 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Park-Ohio by 14.2% in the fourth quarter. Two Sigma Advisers LP now owns 20,847 shares of the industrial products company's stock valued at $548,000 after purchasing an additional 2,600 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Park-Ohio by 96.9% in the fourth quarter. Nuveen Asset Management LLC now owns 32,923 shares of the industrial products company's stock valued at $865,000 after purchasing an additional 16,200 shares during the period. Finally, Deutsche Bank AG raised its holdings in Park-Ohio by 88.7% in the fourth quarter. Deutsche Bank AG now owns 9,261 shares of the industrial products company's stock valued at $243,000 after acquiring an additional 4,354 shares in the last quarter. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

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.