Patrick V. Auletta Sells 9,800 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) Director Patrick V. Auletta sold 9,800 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $31.43, for a total transaction of $308,014.00. Following the completion of the sale, the director now owns 12,135 shares in the company, valued at $381,403.05. The trade was a 44.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Park-Ohio Trading Up 0.0 %

Park-Ohio stock traded up $0.01 during trading on Friday, reaching $31.32. 23,201 shares of the company were exchanged, compared to its average volume of 27,628. Park-Ohio Holdings Corp. has a 52-week low of $22.74 and a 52-week high of $34.50. The company has a market capitalization of $439.73 million, a P/E ratio of 25.05 and a beta of 1.18. 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 stock's 50 day simple moving average is $30.80 and its two-hundred day simple moving average is $28.54.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.18. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%. The firm had revenue of $417.60 million for the quarter.

Park-Ohio Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 1.60%. Park-Ohio's dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Park-Ohio from a "hold" rating to a "buy" rating in a report on Thursday, November 28th.

Institutional Investors Weigh In On Park-Ohio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in Park-Ohio by 1,986.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company's stock worth $41,000 after acquiring an additional 1,510 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Park-Ohio by 105.2% during the third quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company's stock worth $100,000 after acquiring an additional 1,669 shares during the last quarter. EMC Capital Management increased its stake in Park-Ohio by 166.1% during the third quarter. EMC Capital Management now owns 7,074 shares of the industrial products company's stock worth $217,000 after acquiring an additional 4,416 shares during the last quarter. L & S Advisors Inc acquired a new stake in Park-Ohio during the third quarter worth $230,000. Finally, Jane Street Group LLC acquired a new stake in Park-Ohio during the third quarter worth $242,000. Institutional investors and hedge funds own 51.38% of the company's stock.

About Park-Ohio

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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