Insider Selling: Park-Ohio Holdings Corp. (NASDAQ:PKOH) Insider Sells 3,556 Shares of Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) insider Robert D. Vilsack sold 3,556 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total value of $112,618.52. Following the completion of the sale, the insider now directly owns 187,764 shares of the company’s stock, valued at $5,946,485.88. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Park-Ohio Stock Performance

Shares of NASDAQ PKOH traded up $0.07 during midday trading on Wednesday, reaching $31.24. 38,900 shares of the company were exchanged, compared to its average volume of 27,720. The stock has a market cap of $438.67 million, a P/E ratio of 25.03 and a beta of 1.18. Park-Ohio Holdings Corp. has a 1 year low of $22.74 and a 1 year high of $34.50. The stock has a fifty day simple moving average of $30.84 and a 200 day simple moving average of $28.68. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.89 by $0.18. Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%. The business had revenue of $417.60 million during the quarter.

Park-Ohio Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com upgraded Park-Ohio from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Institutional Investors Weigh In On Park-Ohio

A number of large investors have recently added to or reduced their stakes in PKOH. Barclays PLC increased its position in Park-Ohio by 215.2% during the third 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 in the last quarter. Geode Capital Management LLC raised its stake in Park-Ohio by 1.5% in the 3rd 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 last quarter. Jane Street Group LLC purchased a new position in Park-Ohio in the 3rd quarter valued at about $242,000. State Street Corp boosted its stake in shares of Park-Ohio by 0.8% during the 3rd quarter. State Street Corp now owns 134,356 shares of the industrial products company’s stock worth $4,125,000 after purchasing an additional 1,034 shares during the last quarter. Finally, Quadrature Capital Ltd grew its holdings in shares of Park-Ohio by 46.0% during the third quarter. Quadrature Capital Ltd now owns 11,707 shares of the industrial products company’s stock worth $359,000 after buying an additional 3,691 shares in the last quarter. 51.38% of the stock is owned by institutional investors and hedge funds.

Park-Ohio Company 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.