Credit Suisse AG trimmed its holdings in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 10.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,845 shares of the industrial products company’s stock after selling 802 shares during the period. Credit Suisse AG owned 0.06% of Park-Ohio Holdings Corp. worth $246,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Park-Ohio Holdings Corp. by 7.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 662,053 shares of the industrial products company’s stock valued at $23,801,000 after purchasing an additional 48,279 shares in the last quarter. Private Management Group Inc. raised its stake in shares of Park-Ohio Holdings Corp. by 0.7% in the 1st quarter. Private Management Group Inc. now owns 634,391 shares of the industrial products company’s stock valued at $22,806,000 after purchasing an additional 4,409 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Park-Ohio Holdings Corp. by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 366,734 shares of the industrial products company’s stock valued at $13,185,000 after purchasing an additional 17,097 shares in the last quarter. Blair William & Co. IL acquired a new stake in shares of Park-Ohio Holdings Corp. in the 1st quarter valued at about $8,954,000. Finally, Royce & Associates LP raised its stake in Park-Ohio Holdings Corp. by 360.3% during the first quarter. Royce & Associates LP now owns 118,122 shares of the industrial products company’s stock worth $4,246,000 after acquiring an additional 92,460 shares during the period. 55.12% of the stock is owned by institutional investors.
In other Park-Ohio Holdings Corp. news, COO Matthew V. Crawford sold 4,192 shares of Park-Ohio Holdings Corp. stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $40.21, for a total transaction of $168,560.32. Following the completion of the transaction, the chief operating officer now owns 1,016,145 shares of the company’s stock, valued at approximately $40,859,190.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James W. Wert sold 2,500 shares of Park-Ohio Holdings Corp. stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $40.80, for a total value of $102,000.00. Following the transaction, the director now directly owns 81,695 shares of the company’s stock, valued at approximately $3,333,156. The disclosure for this sale can be found here. Insiders sold a total of 26,162 shares of company stock worth $1,041,861 over the last 90 days. 31.00% of the stock is currently owned by company insiders.
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PKOH has been the topic of several research reports. Zacks Investment Research lowered shares of Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub upgraded shares of Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $44.00.
Park-Ohio Holdings Corp. (NASDAQ PKOH) traded up 0.25% during midday trading on Friday, reaching $40.35. 20,204 shares of the company’s stock were exchanged. The stock has a market cap of $492.23 million, a P/E ratio of 15.27 and a beta of 3.42. Park-Ohio Holdings Corp. has a 1-year low of $30.01 and a 1-year high of $47.00. The firm’s 50-day moving average is $39.76 and its 200 day moving average is $38.37.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.02. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. The business had revenue of $350.90 million for the quarter, compared to analysts’ expectations of $355.83 million. Equities analysts anticipate that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Wednesday, August 9th. Park-Ohio Holdings Corp.’s dividend payout ratio is currently 18.80%.
Park-Ohio Holdings Corp. Company Profile
Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.
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