First Eagle Investment Management LLC Increases Stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

First Eagle Investment Management LLC raised its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 258,913 shares of the industrial products company's stock after acquiring an additional 46,324 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.84% of Park-Ohio worth $6,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC bought a new stake in shares of Park-Ohio in the third quarter valued at approximately $1,758,000. King Luther Capital Management Corp bought a new stake in shares of Park-Ohio in the fourth quarter valued at approximately $1,287,000. Bank of New York Mellon Corp raised its position in shares of Park-Ohio by 13.6% in the fourth quarter. Bank of New York Mellon Corp now owns 100,432 shares of the industrial products company's stock valued at $2,638,000 after purchasing an additional 12,027 shares during the period. JPMorgan Chase & Co. raised its position 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 valued at $799,000 after purchasing an additional 8,841 shares during the period. Finally, Barclays PLC raised its position in shares of Park-Ohio by 215.2% in the third quarter. Barclays PLC now owns 12,003 shares of the industrial products company's stock valued at $369,000 after purchasing an additional 8,195 shares during the period. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director Edward F. Crawford sold 22,500 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total value of $486,675.00. Following the transaction, the director now owns 766,273 shares of the company's stock, valued at $16,574,484.99. This represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 33.04% of the stock is currently owned by insiders.

Park-Ohio Price Performance

Park-Ohio stock traded down $0.19 during midday trading on Thursday, reaching $22.43. 15,263 shares of the stock were exchanged, compared to its average volume of 26,714. The company's fifty day moving average is $24.23 and its 200-day moving average is $27.63. 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 firm has a market cap of $319.20 million, a PE ratio of 17.94 and a beta of 1.16. Park-Ohio Holdings Corp. has a 52 week low of $21.00 and a 52 week high of $34.50.

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, February 7th. Park-Ohio's dividend payout ratio (DPR) is presently 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.