Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Purchases $69,050.00 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James W. Wert acquired 2,500 shares of the stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of $27.62 per share, with a total value of $69,050.00. Following the completion of the purchase, the director now owns 80,320 shares of the company’s stock, valued at $2,218,438.40. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

NASDAQ:PKOH traded up $0.75 during trading hours on Tuesday, hitting $28.24. 6,393 shares of the company’s stock traded hands, compared to its average volume of 30,007. The company has a market cap of $347.38 million, a price-to-earnings ratio of 6.60 and a beta of 2.30. Park-Ohio Holdings Corp. has a 52 week low of $26.61 and a 52 week high of $43.15. The company has a fifty day moving average of $30.78. The company has a current ratio of 2.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.83.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Monday, August 5th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07. The company had revenue of $415.30 million during the quarter, compared to analyst estimates of $438.60 million. Park-Ohio had a return on equity of 16.92% and a net margin of 2.89%. As a group, equities research analysts anticipate that Park-Ohio Holdings Corp. will post 4.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Monday, August 12th. Park-Ohio’s dividend payout ratio is 11.68%.

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in Park-Ohio by 15.1% during the fourth quarter. Bank of New York Mellon Corp now owns 84,794 shares of the industrial products company’s stock valued at $2,603,000 after buying an additional 11,100 shares during the period. Dimensional Fund Advisors LP boosted its stake in Park-Ohio by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 896,556 shares of the industrial products company’s stock valued at $27,515,000 after buying an additional 18,974 shares during the period. Gamco Investors INC. ET AL raised its position in Park-Ohio by 4.7% during the first quarter. Gamco Investors INC. ET AL now owns 790,175 shares of the industrial products company’s stock valued at $25,586,000 after purchasing an additional 35,500 shares in the last quarter. Teton Advisors Inc. raised its position in Park-Ohio by 7.0% during the first quarter. Teton Advisors Inc. now owns 209,431 shares of the industrial products company’s stock valued at $6,781,000 after purchasing an additional 13,700 shares in the last quarter. Finally, BlackRock Inc. raised its position in Park-Ohio by 6.3% during the fourth quarter. BlackRock Inc. now owns 588,085 shares of the industrial products company’s stock valued at $18,049,000 after purchasing an additional 35,078 shares in the last quarter. 53.64% of the stock is owned by institutional investors.

A number of analysts recently commented on the company. BidaskClub downgraded Park-Ohio from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 8th. ValuEngine lowered Park-Ohio from a “sell” rating to a “strong sell” rating in a report on Friday, June 7th. TheStreet lowered Park-Ohio from a “b-” rating to a “c+” rating in a report on Monday, August 5th. Finally, B. Riley reduced their price objective on Park-Ohio from $40.00 to $30.00 and set a “neutral” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.50.

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. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.

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