Strs Ohio Makes New Investment in Park-Ohio Holdings Corp. $PKOH

Key Points

• Strs Ohio has acquired 19,200 shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) in Q1, valued at approximately $415,000, representing about 0.13% of the company's stock.
• CEO Matthew V. Crawford purchased 4,167 shares at an average price of $20.04, increasing his total ownership to 911,237 shares valued at approximately $18.26 million.
• Park-Ohio recently declared a quarterly dividend of $0.125 per share, with an annualized yield of 2.4% and a payout ratio of 24.63%.

Strs Ohio acquired a new position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,200 shares of the industrial products company's stock, valued at approximately $415,000. Strs Ohio owned approximately 0.13% of Park-Ohio at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PKOH. Northern Trust Corp raised its stake in Park-Ohio by 12.5% during the fourth quarter. Northern Trust Corp now owns 72,976 shares of the industrial products company's stock worth $1,917,000 after acquiring an additional 8,118 shares in the last quarter. Bank of America Corp DE raised its stake in Park-Ohio by 47.4% during the fourth quarter. Bank of America Corp DE now owns 9,127 shares of the industrial products company's stock worth $240,000 after acquiring an additional 2,934 shares in the last quarter. Citadel Advisors LLC raised 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 acquiring an additional 22,619 shares in the last quarter. Deutsche Bank AG raised its stake in Park-Ohio by 88.7% during the fourth quarter. Deutsche Bank AG now owns 9,261 shares of the industrial products company's stock worth $243,000 after acquiring an additional 4,354 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Park-Ohio by 96.9% during the fourth quarter. Nuveen Asset Management LLC now owns 32,923 shares of the industrial products company's stock worth $865,000 after acquiring an additional 16,200 shares in the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Park-Ohio

In other news, CEO Matthew V. Crawford purchased 4,167 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $20.04 per share, for a total transaction of $83,506.68. Following the completion of the acquisition, the chief executive officer directly owned 911,237 shares in the company, valued at approximately $18,261,189.48. The trade was a 0.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 31.51% of the stock is currently owned by corporate insiders.

Park-Ohio Price Performance

Shares of PKOH stock opened at $20.84 on Tuesday. The stock's fifty day moving average is $19.09 and its 200-day moving average is $19.28. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.33 and a current ratio of 2.60. The stock has a market capitalization of $300.10 million, a PE ratio of 10.27 and a beta of 1.31. Park-Ohio Holdings Corp. has a 52 week low of $15.52 and a 52 week high of $34.50.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.01). The business had revenue of $400.10 million for the quarter, compared to the consensus estimate of $416.10 million. Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%.

Park-Ohio Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.125 dividend. The ex-dividend date was Friday, August 1st. This represents a $0.50 annualized dividend and a yield of 2.4%. Park-Ohio's dividend payout ratio (DPR) is currently 24.63%.

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.

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