Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 96.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,923 shares of the industrial products company's stock after buying an additional 16,200 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.23% of Park-Ohio worth $865,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Park-Ohio during the fourth quarter worth about $106,000. Empowered Funds LLC increased its stake in Park-Ohio by 4.3% during the 4th quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company's stock worth $298,000 after buying an additional 471 shares during the period. Rhumbline Advisers lifted its holdings in Park-Ohio by 5.2% during the 4th quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company's stock worth $354,000 after buying an additional 661 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Park-Ohio by 13.6% in the 4th quarter. Bank of New York Mellon Corp now owns 100,432 shares of the industrial products company's stock valued at $2,638,000 after buying an additional 12,027 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Park-Ohio by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,446 shares of the industrial products company's stock valued at $668,000 after buying an additional 1,207 shares during the period. Institutional investors and hedge funds own 51.38% of the company's stock.

Insider Transactions at Park-Ohio

In other Park-Ohio news, Director Edward F. Crawford sold 22,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the sale, the director now directly owns 766,273 shares in the company, valued at $16,574,484.99. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 31.51% of the company's stock.

Analyst Upgrades and Downgrades

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

Park-Ohio Stock Up 0.2%

NASDAQ PKOH traded up $0.04 during trading hours on Friday, hitting $17.68. 23,552 shares of the company were exchanged, compared to its average volume of 29,320. 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 $251.59 million, a price-to-earnings ratio of 14.14 and a beta of 1.28. The company has a 50 day moving average of $19.31 and a two-hundred day moving average of $23.65. Park-Ohio Holdings Corp. has a 52-week low of $17.27 and a 52-week high of $34.50.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last released its earnings results on Tuesday, May 6th. The industrial products company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.18). Park-Ohio had a return on equity of 14.64% and a net margin of 1.01%. The firm had revenue of $405.40 million for the quarter, compared to analysts' expectations of $425.95 million.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a $0.125 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.83%. Park-Ohio's payout ratio is 21.83%.

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.