Brandywine Global Investment Management LLC Acquires 38,800 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Brandywine Global Investment Management LLC raised its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 444.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,530 shares of the industrial products company’s stock after buying an additional 38,800 shares during the period. Brandywine Global Investment Management LLC owned about 0.34% of Park-Ohio worth $1,249,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PKOH. Rhumbline Advisers raised its stake in Park-Ohio by 5.2% in the 4th quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company’s stock valued at $354,000 after acquiring an additional 661 shares during the period. Geode Capital Management LLC raised its position in shares of Park-Ohio by 1.5% in the third quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company’s stock valued at $5,987,000 after purchasing an additional 2,928 shares during the period. Jane Street Group LLC acquired a new stake in shares of Park-Ohio during the 3rd quarter worth about $242,000. Barclays PLC boosted its holdings in shares of Park-Ohio by 215.2% during the 3rd quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock worth $369,000 after buying an additional 8,195 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Park-Ohio by 51.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,026 shares of the industrial products company’s stock valued at $799,000 after buying an additional 8,841 shares during the last quarter. 51.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Park-Ohio

In other Park-Ohio news, Director Edward F. Crawford sold 22,500 shares of Park-Ohio stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the completion of the transaction, the director now directly owns 766,273 shares of the company’s stock, valued at $16,574,484.99. The trade was a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 33.04% of the company’s stock.

Park-Ohio Stock Up 1.5 %

PKOH stock opened at $22.10 on Thursday. Park-Ohio Holdings Corp. has a fifty-two week low of $21.00 and a fifty-two week 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 stock has a market capitalization of $314.51 million, a price-to-earnings ratio of 17.68 and a beta of 1.16. The business’s fifty day moving average price is $23.71 and its two-hundred day moving average price is $27.19.

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 $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, February 7th. Park-Ohio’s dividend payout ratio (DPR) is 20.49%.

Park-Ohio 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.