Park-Ohio Holdings Corp. (NASDAQ:PKOH) Insider Purchases $375,458.72 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) insider Edward F. Crawford acquired 12,532 shares of Park-Ohio stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $29.96 per share, with a total value of $375,458.72. Following the transaction, the insider now directly owns 1,497,675 shares in the company, valued at approximately $44,870,343. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of PKOH stock traded up $0.96 during mid-day trading on Tuesday, reaching $31.75. The stock had a trading volume of 31,892 shares, compared to its average volume of 26,013. 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 Holdings Corp. has a one year low of $28.01 and a one year high of $43.15. The company has a market capitalization of $383.13 million, a P/E ratio of 7.42 and a beta of 2.38.

Park-Ohio (NASDAQ:PKOH) last posted its earnings results on Monday, May 6th. The industrial products company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The business had revenue of $420.10 million during the quarter, compared to the consensus estimate of $420.00 million. Park-Ohio had a return on equity of 17.19% and a net margin of 3.29%. Sell-side analysts predict that Park-Ohio Holdings Corp. will post 4.43 earnings per share for the current fiscal year.



The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. Park-Ohio’s dividend payout ratio (DPR) is presently 11.68%.

A number of brokerages have commented on PKOH. BidaskClub upgraded Park-Ohio from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. TheStreet upgraded Park-Ohio from a “c+” rating to a “b-” rating in a research report on Monday, May 6th. ValuEngine upgraded Park-Ohio from a “strong sell” rating to a “sell” rating in a research report on Monday, April 15th. Finally, Zacks Investment Research downgraded Park-Ohio from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 9th. 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 company currently has an average rating of “Hold” and a consensus target price of $39.00.

Several institutional investors have recently bought and sold shares of PKOH. New York State Teachers Retirement System bought a new position in shares of Park-Ohio during the 4th quarter worth approximately $25,000. BNP Paribas Arbitrage SA lifted its position in shares of Park-Ohio by 453.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,872 shares of the industrial products company’s stock worth $61,000 after buying an additional 1,534 shares during the period. Cutler Group LP lifted its position in shares of Park-Ohio by 1,000.0% during the 4th quarter. Cutler Group LP now owns 2,200 shares of the industrial products company’s stock worth $67,000 after buying an additional 2,000 shares during the period. Acadian Asset Management LLC bought a new position in shares of Park-Ohio during the 1st quarter worth approximately $83,000. Finally, Citigroup Inc. lifted its position in shares of Park-Ohio by 14.4% during the 4th quarter. Citigroup Inc. now owns 2,951 shares of the industrial products company’s stock worth $91,000 after buying an additional 371 shares during the period. Institutional investors and hedge funds own 53.62% of the company’s stock.

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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. 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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