Swiss National Bank grew its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,400 shares of the industrial products company’s stock after acquiring an additional 700 shares during the period. Swiss National Bank owned 0.12% of Park-Ohio worth $502,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its position in shares of Park-Ohio by 453.8% during the first quarter. BNP Paribas Arbitrage SA now owns 1,872 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 1,534 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Park-Ohio during the first quarter worth $277,000. Denali Advisors LLC lifted its position in shares of Park-Ohio by 227.0% during the second quarter. Denali Advisors LLC now owns 12,743 shares of the industrial products company’s stock worth $415,000 after acquiring an additional 8,846 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Park-Ohio during the second quarter worth $472,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Park-Ohio during the second quarter worth $478,000. Hedge funds and other institutional investors own 54.67% of the company’s stock.
Several research analysts have recently weighed in on PKOH shares. Zacks Investment Research cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a report on Saturday, August 17th. TheStreet cut shares of Park-Ohio from a “b-” rating to a “c+” rating in a report on Monday, August 5th. ValuEngine cut shares of Park-Ohio from a “sell” rating to a “strong sell” rating in a report on Friday, June 7th. BidaskClub raised shares of Park-Ohio from a “strong sell” rating to a “sell” rating in a report on Thursday. Finally, B. Riley decreased their price target on shares of Park-Ohio from $40.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Park-Ohio presently has an average rating of “Hold” and an average price target of $30.50.
Shares of Park-Ohio stock traded up $0.53 during trading on Friday, hitting $32.71. The stock had a trading volume of 16,635 shares, compared to its average volume of 31,752. The firm has a market cap of $395.25 million, a price-to-earnings ratio of 7.28 and a beta of 2.36. Park-Ohio Holdings Corp. has a 12 month low of $25.74 and a 12 month high of $40.10. The business’s 50-day moving average is $28.50 and its 200 day moving average is $32.01. The company has a current ratio of 2.37, a quick ratio of 1.32 and a debt-to-equity ratio of 1.89.
Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Monday, August 5th. The industrial products company reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. The firm had revenue of $415.30 million for the quarter, compared to analysts’ expectations of $438.60 million. Park-Ohio had a net margin of 2.89% and a return on equity of 16.77%. As a group, equities analysts expect that Park-Ohio Holdings Corp. will post 4.44 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were paid a $0.125 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.53%. Park-Ohio’s dividend payout ratio is presently 11.68%.
In other news, Director James W. Wert bought 2,500 shares of Park-Ohio stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of $27.62 per share, with a total value of $69,050.00. Following the completion of the purchase, the director now directly owns 80,320 shares in the company, valued at $2,218,438.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronna Romney sold 5,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $26.14, for a total value of $130,700.00. Following the completion of the transaction, the director now directly owns 18,909 shares in the company, valued at approximately $494,281.26. The disclosure for this sale can be found here. 31.20% of the stock is owned by corporate insiders.
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. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.
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