Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) Director Edward F. Crawford sold 22,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total transaction of $486,675.00. Following the completion of the transaction, the director now directly owns 766,273 shares of the company's stock, valued at $16,574,484.99. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Park-Ohio Price Performance
Shares of NASDAQ:PKOH opened at $21.53 on Friday. Park-Ohio Holdings Corp. has a twelve month low of $21.00 and a twelve month high of $34.50. The company's 50 day moving average is $24.37 and its 200 day moving average is $27.82. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. The company has a market cap of $306.39 million, a PE ratio of 17.22 and a beta of 1.16.
Park-Ohio Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.125 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.50 annualized dividend and a yield of 2.32%. Park-Ohio's dividend payout ratio (DPR) is presently 20.49%.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Park-Ohio from a "buy" rating to a "hold" rating in a report on Thursday.
Check Out Our Latest Research Report on Park-Ohio
Hedge Funds Weigh In On Park-Ohio
Hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL grew its stake in shares of Park-Ohio by 3.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 960,127 shares of the industrial products company's stock worth $25,223,000 after purchasing an additional 29,004 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Park-Ohio by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 801,886 shares of the industrial products company's stock worth $21,066,000 after purchasing an additional 9,853 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Park-Ohio by 21.8% during the 4th quarter. First Eagle Investment Management LLC now owns 258,913 shares of the industrial products company's stock worth $6,802,000 after purchasing an additional 46,324 shares during the period. American Century Companies Inc. grew its stake in shares of Park-Ohio by 28.3% during the 4th quarter. American Century Companies Inc. now owns 202,311 shares of the industrial products company's stock worth $5,315,000 after purchasing an additional 44,603 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Park-Ohio by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 197,209 shares of the industrial products company's stock worth $5,182,000 after purchasing an additional 2,227 shares during the period. Institutional investors and hedge funds own 51.38% of the company's stock.
About Park-Ohio
(
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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.
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