Segall Bryant & Hamill LLC Makes New $1.76 Million Investment in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Segall Bryant & Hamill LLC acquired a new position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 57,265 shares of the industrial products company's stock, valued at approximately $1,758,000. Segall Bryant & Hamill LLC owned approximately 0.43% of Park-Ohio at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of Park-Ohio by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 779,363 shares of the industrial products company's stock worth $20,177,000 after purchasing an additional 12,267 shares during the period. Vanguard Group Inc. raised its position in shares of Park-Ohio by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 442,830 shares of the industrial products company's stock worth $11,815,000 after purchasing an additional 3,236 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Park-Ohio by 41.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 158,189 shares of the industrial products company's stock worth $4,096,000 after purchasing an additional 46,660 shares during the last quarter. Bank of New York Mellon Corp increased its position in Park-Ohio by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 95,170 shares of the industrial products company's stock worth $2,464,000 after buying an additional 496 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Park-Ohio by 79.4% in the third quarter. Assenagon Asset Management S.A. now owns 18,969 shares of the industrial products company's stock valued at $582,000 after buying an additional 8,397 shares during the last quarter. Institutional investors own 51.38% of the company's stock.

Park-Ohio Stock Performance

PKOH traded up $0.76 during trading hours on Friday, hitting $33.04. The company's stock had a trading volume of 29,773 shares, compared to its average volume of 39,095. The company has a 50-day simple moving average of $30.20 and a 200 day simple moving average of $28.19. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $463.88 million, a PE ratio of 26.43 and a beta of 1.16. Park-Ohio Holdings Corp. has a fifty-two week low of $22.52 and a fifty-two week high of $34.50.

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

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 1.51%. Park-Ohio's payout ratio is 40.00%.

Analyst Ratings Changes

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

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.