Nuveen Asset Management LLC Buys 16,200 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Nuveen Asset Management LLC grew its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 96.9% in the 4th quarter, according to the company in its most recent disclosure 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 period. Nuveen Asset Management LLC owned 0.23% of Park-Ohio worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PKOH. Citadel Advisors LLC grew its stake in Park-Ohio by 104.6% during the fourth quarter. Citadel Advisors LLC now owns 44,243 shares of the industrial products company's stock worth $1,162,000 after purchasing an additional 22,619 shares during the period. Rhumbline Advisers grew its stake in Park-Ohio by 5.2% during the fourth quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company's stock worth $354,000 after purchasing an additional 661 shares during the period. Empowered Funds LLC grew its stake in Park-Ohio by 4.3% during the fourth quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company's stock worth $298,000 after purchasing an additional 471 shares during the period. American Century Companies Inc. grew its stake in Park-Ohio by 28.3% during the fourth 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, King Luther Capital Management Corp acquired a new stake in Park-Ohio during the fourth quarter worth approximately $1,287,000. Institutional investors and hedge funds own 51.38% of the company's stock.

Park-Ohio Trading Up 0.2%

NASDAQ PKOH traded up $0.04 during trading hours on Friday, hitting $17.68. 23,552 shares of the company's stock were exchanged, compared to its average volume of 29,147. The stock has a 50-day simple moving average of $19.23 and a 200 day simple moving average of $23.43. Park-Ohio Holdings Corp. has a 1-year low of $17.27 and a 1-year high of $34.50. 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 current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $425.95 million.

Park-Ohio Dividend Announcement

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

Insider Buying and Selling at Park-Ohio

In other Park-Ohio news, Director Edward F. Crawford sold 22,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 766,273 shares of the company's stock, valued at approximately $16,574,484.99. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Profile

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.