Park-Ohio (NASDAQ:PKOH) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Park-Ohio (NASDAQ:PKOH) from a hold rating to a buy rating in a report issued on Wednesday morning.

Park-Ohio Trading Down 0.4 %

NASDAQ PKOH opened at $22.80 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The firm has a market cap of $320.16 million, a PE ratio of 18.24 and a beta of 1.20. The company has a 50 day moving average price of $24.86 and a 200 day moving average price of $28.16. Park-Ohio has a 52 week low of $22.43 and a 52 week high of $34.50.

Park-Ohio Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, February 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.19%. Park-Ohio’s dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling

In related news, insider Robert D. Vilsack sold 3,556 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total transaction of $112,618.52. Following the completion of the transaction, the insider now owns 187,764 shares in the company, valued at $5,946,485.88. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 33.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC acquired a new position in Park-Ohio during the 3rd quarter valued at approximately $1,758,000. Empowered Funds LLC increased its stake in Park-Ohio by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 536 shares in the last quarter. Geode Capital Management LLC increased its stake in Park-Ohio by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company’s stock valued at $5,987,000 after purchasing an additional 2,928 shares in the last quarter. Jane Street Group LLC acquired a new position in Park-Ohio during the 3rd quarter valued at approximately $242,000. Finally, Barclays PLC increased its stake in Park-Ohio by 215.2% during the 3rd quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 8,195 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

About Park-Ohio

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.