Segall Bryant & Hamill LLC Sells 16,603 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Segall Bryant & Hamill LLC decreased its holdings in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 24.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,407 shares of the industrial products company's stock after selling 16,603 shares during the period. Segall Bryant & Hamill LLC owned 0.35% of Park-Ohio worth $1,089,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Gamco Investors INC. ET AL raised its position in Park-Ohio by 3.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 960,127 shares of the industrial products company's stock valued at $25,223,000 after purchasing an additional 29,004 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Park-Ohio by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 801,886 shares of the industrial products company's stock worth $21,066,000 after acquiring an additional 9,853 shares during the period. American Century Companies Inc. grew its holdings in shares of Park-Ohio by 28.3% during the 4th quarter. American Century Companies Inc. now owns 202,311 shares of the industrial products company's stock worth $5,315,000 after acquiring an additional 44,603 shares during the period. Geode Capital Management LLC grew its holdings in shares of Park-Ohio by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 197,209 shares of the industrial products company's stock worth $5,182,000 after acquiring an additional 2,227 shares during the period. Finally, Keeley Teton Advisors LLC grew its holdings in shares of Park-Ohio by 1.9% during the 4th quarter. Keeley Teton Advisors LLC now owns 95,829 shares of the industrial products company's stock worth $2,517,000 after acquiring an additional 1,779 shares during the period. Institutional investors own 51.38% of the company's stock.

Park-Ohio Stock Down 6.9%

Shares of PKOH stock traded down $1.22 during midday trading on Friday, reaching $16.49. 41,431 shares of the stock were exchanged, compared to its average volume of 28,956. Park-Ohio Holdings Corp. has a 1 year low of $16.46 and a 1 year high of $34.50. The company's 50 day moving average is $18.20 and its two-hundred day moving average is $21.03. The company has a current ratio of 2.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.81. The firm has a market cap of $234.65 million, a PE ratio of 7.20 and a beta of 1.25.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last posted 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 13.76% and a net margin of 1.86%. The company had revenue of $405.40 million during the quarter, compared to analysts' expectations of $425.95 million.

Park-Ohio Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.03%. Park-Ohio's dividend payout ratio is 21.83%.

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.