CM Wealth Advisors LLC Cuts Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

CM Wealth Advisors LLC lessened its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 11.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 103,526 shares of the industrial products company's stock after selling 13,600 shares during the period. Park-Ohio comprises approximately 0.9% of CM Wealth Advisors LLC's portfolio, making the stock its 14th largest position. CM Wealth Advisors LLC owned 0.74% of Park-Ohio worth $2,720,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its position in shares of Park-Ohio by 74.9% during the fourth quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company's stock worth $58,000 after purchasing an additional 944 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Park-Ohio by 105.2% in the third quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company's stock worth $100,000 after acquiring an additional 1,669 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Park-Ohio in the fourth quarter valued at $106,000. Wells Fargo & Company MN grew its stake in Park-Ohio by 33.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company's stock worth $138,000 after purchasing an additional 1,328 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Park-Ohio in the third quarter valued at approximately $242,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Park-Ohio from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th.

Insider Transactions at Park-Ohio

In other news, Director Edward F. Crawford sold 22,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total transaction of $486,675.00. Following the transaction, the director now directly owns 766,273 shares in the company, 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 SEC, which is available through this link. Insiders own 33.04% of the company's stock.

Park-Ohio Stock Up 3.0 %

Shares of NASDAQ:PKOH traded up $0.55 during trading on Friday, hitting $18.80. 22,513 shares of the company were exchanged, compared to its average volume of 28,330. Park-Ohio Holdings Corp. has a 12-month low of $18.00 and a 12-month high of $34.50. The stock has a market capitalization of $267.51 million, a P/E ratio of 15.04 and a beta of 1.10. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. The firm's 50 day moving average price is $22.06 and its 200-day moving average price is $26.24.

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.66%. Park-Ohio's payout ratio is 20.49%.

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.