Algert Global LLC bought a new position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,442 shares of the industrial products company’s stock, valued at approximately $512,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oxford Asset Management purchased a new position in Park-Ohio Holdings Corp. during the first quarter valued at about $202,000. Teton Advisors Inc. increased its position in Park-Ohio Holdings Corp. by 1.1% in the first quarter. Teton Advisors Inc. now owns 171,400 shares of the industrial products company’s stock valued at $6,162,000 after buying an additional 1,900 shares in the last quarter. New Amsterdam Partners LLC NY purchased a new position in Park-Ohio Holdings Corp. during the first quarter valued at about $2,107,000. Bank of New York Mellon Corp increased its position in Park-Ohio Holdings Corp. by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 74,799 shares of the industrial products company’s stock valued at $2,689,000 after buying an additional 2,164 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in Park-Ohio Holdings Corp. by 3.8% in the first quarter. Wedge Capital Management L L P NC now owns 5,558 shares of the industrial products company’s stock valued at $200,000 after buying an additional 202 shares in the last quarter. 55.89% of the stock is owned by hedge funds and other institutional investors.

Park-Ohio Holdings Corp. (PKOH) opened at 39.15 on Friday. The stock has a 50 day moving average price of $39.08 and a 200 day moving average price of $39.07. The firm has a market cap of $477.59 million, a P/E ratio of 14.82 and a beta of 3.47. Park-Ohio Holdings Corp. has a 1-year low of $30.01 and a 1-year high of $47.00.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last released its earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.02. The company had revenue of $350.90 million during the quarter, compared to the consensus estimate of $355.83 million. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. On average, analysts anticipate that Park-Ohio Holdings Corp. will post $3.24 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.50 dividend on an annualized basis and a yield of 1.28%. Park-Ohio Holdings Corp.’s payout ratio is 18.80%.

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Several research analysts have recently issued reports on PKOH shares. TheStreet raised Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a research note on Monday, May 8th. Zacks Investment Research raised Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Friday. FBR & Co upped their price objective on Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a “mkt perform” rating in a research note on Wednesday. Finally, BidaskClub downgraded Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.25.

In other Park-Ohio Holdings Corp. news, Director Patrick V. Auletta sold 2,010 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $38.55, for a total value of $77,485.50. Following the completion of the sale, the director now owns 18,645 shares in the company, valued at $718,764.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.00% of the company’s stock.

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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Institutional Ownership by Quarter for Park-Ohio Holdings Corp. (NASDAQ:PKOH)

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