Martingale Asset Management L P grew its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 28,715 shares of the industrial products company’s stock after purchasing an additional 1,300 shares during the quarter. Martingale Asset Management L P owned 0.24% of Park-Ohio Holdings Corp. worth $1,095,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of PKOH. Teachers Advisors LLC increased its position in shares of 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 purchasing an additional 581 shares during the period. Strs Ohio increased its position in shares of 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 purchasing an additional 6,100 shares during the period. Russell Investments Group Ltd. increased its position in shares of 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 purchasing an additional 1,200 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 purchasing an additional 2,164 shares during the period. Finally, Oxford Asset Management acquired a new position in shares of Park-Ohio Holdings Corp. during the 1st quarter valued at $202,000. Institutional investors own 55.12% of the company’s stock.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at 43.55 on Friday. Park-Ohio Holdings Corp. has a 12 month low of $30.01 and a 12 month high of $47.00. The stock’s 50 day moving average price is $39.86 and its 200 day moving average price is $38.21. The firm has a market capitalization of $531.27 million, a PE ratio of 16.48 and a beta of 3.42.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last posted its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. Park-Ohio Holdings Corp. had a return on equity of 16.90% and a net margin of 2.50%. The firm had revenue of $350.90 million for the quarter, compared to the consensus estimate of $355.83 million. Equities research analysts expect that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current fiscal year.

The company also recently disclosed 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. This represents a $0.50 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, August 9th. Park-Ohio Holdings Corp.’s dividend payout ratio is 18.80%.

Several equities analysts have recently issued reports on PKOH shares. FBR & Co lifted their price target on Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a “mkt perform” rating in a research report on Wednesday, August 9th. BidaskClub upgraded Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research upgraded Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Thursday, August 31st. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Park-Ohio Holdings Corp. currently has a consensus rating of “Buy” and a consensus price target of $44.33.

In other Park-Ohio Holdings Corp. news, 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 transaction of $102,000.00. Following the transaction, the director now owns 81,695 shares of the company’s stock, valued at approximately $3,333,156. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Matthew V. Crawford sold 15,808 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $39.47, for a total value of $623,941.76. Following the transaction, the chief operating officer now directly owns 1,032,645 shares in the company, valued at approximately $40,758,498.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,162 shares of company stock worth $1,041,861. Company insiders own 31.00% of the company’s stock.

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Park-Ohio Holdings Corp. 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.

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

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