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

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Edward F. Crawford sold 22,500 shares of the 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 completion of the sale, the director now directly owns 766,273 shares in the company, valued at approximately $16,574,484.99. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Park-Ohio Price Performance

Shares of PKOH stock traded up $0.24 on Friday, reaching $21.52. The company’s stock had a trading volume of 6,418 shares, compared to its average volume of 22,469. The company has a market capitalization of $306.18 million, a P/E ratio of 17.21 and a beta of 1.16. Park-Ohio Holdings Corp. has a 12-month low of $21.00 and a 12-month high of $34.50. The stock’s 50 day simple moving average is $24.45 and its 200-day simple moving average is $27.88. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90.

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.32%. Park-Ohio’s payout ratio is currently 20.49%.

Institutional Trading of Park-Ohio

A number of large investors have recently modified their holdings of PKOH. Federated Hermes Inc. raised its stake in Park-Ohio by 74.9% in the fourth quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 944 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Park-Ohio by 105.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after buying an additional 1,669 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Park-Ohio in the 4th quarter worth $106,000. Wells Fargo & Company MN raised its position in shares of Park-Ohio by 33.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company’s stock valued at $138,000 after buying an additional 1,328 shares in the last quarter. Finally, L & S Advisors Inc bought a new stake in shares of Park-Ohio during the 3rd quarter worth $230,000. Institutional investors own 51.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a research note on Thursday.

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.