James W. Wert Sells 1,000 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James W. Wert sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $26.57, for a total transaction of $26,570.00. Following the completion of the sale, the director now directly owns 81,690 shares of the company’s stock, valued at $2,170,503.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Park-Ohio Stock Performance

Shares of NASDAQ PKOH opened at $25.85 on Wednesday. The company has a debt-to-equity ratio of 2.21, a current ratio of 2.25 and a quick ratio of 1.16. Park-Ohio Holdings Corp. has a one year low of $14.85 and a one year high of $28.79. The business’s 50-day moving average price is $25.36 and its two-hundred day moving average price is $24.90. The company has a market capitalization of $337.89 million, a P/E ratio of 28.41 and a beta of 1.21.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.76 by $0.09. The business had revenue of $417.60 million during the quarter, compared to analysts’ expectations of $439.00 million. Park-Ohio had a return on equity of 13.93% and a net margin of 0.70%. During the same quarter in the previous year, the business posted $0.72 EPS. Analysts anticipate that Park-Ohio Holdings Corp. will post 3.37 earnings per share for the current fiscal year.

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.93%. Park-Ohio’s dividend payout ratio is currently 54.95%.

Institutional Investors Weigh In On Park-Ohio

Large investors have recently bought and sold shares of the business. Gladius Capital Management LP acquired a new stake in shares of Park-Ohio in the third quarter worth about $37,000. Tower Research Capital LLC TRC lifted its holdings in Park-Ohio by 146.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,064 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 1,228 shares during the last quarter. Barclays PLC boosted its position in Park-Ohio by 32.6% during the third quarter. Barclays PLC now owns 2,225 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 547 shares during the period. AJOVista LLC acquired a new position in Park-Ohio during the fourth quarter valued at approximately $65,000. Finally, Strs Ohio bought a new position in shares of Park-Ohio in the fourth quarter valued at approximately $75,000. 51.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th.

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.