Paradigm Capital Management Inc. NY maintained its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,150 shares of the industrial products company’s stock at the end of the second quarter. Paradigm Capital Management Inc. NY owned approximately 0.06% of Park-Ohio Holdings Corp. worth $272,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PKOH. Teachers Advisors LLC increased its position in Park-Ohio Holdings Corp. by 4.4% during the 4th quarter. Teachers Advisors LLC now owns 13,842 shares of the industrial products company’s stock valued at $590,000 after buying an additional 581 shares in the last quarter. Strs Ohio increased its position in Park-Ohio Holdings Corp. by 51.3% during the 1st quarter. Strs Ohio now owns 18,000 shares of the industrial products company’s stock valued at $647,000 after buying an additional 6,100 shares in the last quarter. Russell Investments Group Ltd. increased its position in Park-Ohio Holdings Corp. by 31.7% during the 1st quarter. Russell Investments Group Ltd. now owns 4,981 shares of the industrial products company’s stock valued at $180,000 after buying an additional 1,200 shares in the last quarter. Bank of New York Mellon Corp increased its position in Park-Ohio Holdings Corp. by 3.0% during the 1st 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, Oxford Asset Management bought a new position in Park-Ohio Holdings Corp. during the 1st quarter valued at approximately $202,000. 55.12% of the stock is owned by institutional investors.

Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) opened at 40.35 on Thursday. The company has a market cap of $492.23 million, a price-to-earnings ratio of 15.27 and a beta of 3.42. Park-Ohio Holdings Corp. has a 12-month low of $30.01 and a 12-month high of $47.00. The firm has a 50 day moving average price of $39.76 and a 200-day moving average price of $38.34.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $350.90 million during the quarter, compared to analyst estimates 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, equities analysts expect that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.50 dividend on an annualized basis and a yield of 1.24%. Park-Ohio Holdings Corp.’s dividend payout ratio is currently 18.80%.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/09/14/paradigm-capital-management-inc-ny-continues-to-hold-holdings-in-park-ohio-holdings-corp-pkoh.html.

In other Park-Ohio Holdings Corp. news, COO Matthew V. Crawford sold 3,662 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.24, for a total transaction of $147,358.88. Following the completion of the sale, the chief operating officer now owns 1,016,145 shares in the company, valued at $40,889,674.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James W. Wert sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $40.80, for a total value of $102,000.00. Following the sale, the director now owns 81,695 shares of the company’s stock, valued at approximately $3,333,156. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,162 shares of company stock valued at $1,041,861. 31.00% of the stock is owned by company insiders.

A number of research firms recently weighed in on PKOH. BidaskClub raised Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research lowered Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, ValuEngine raised Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $43.67.

About Park-Ohio Holdings Corp.

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.

Want to see what other hedge funds are holding PKOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Park-Ohio Holdings Corp. (NASDAQ:PKOH).

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

Receive News & Ratings for Park-Ohio Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park-Ohio Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.