Gamco Investors INC. ET AL Acquires 29,004 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Gamco Investors INC. ET AL grew its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 960,127 shares of the industrial products company's stock after buying an additional 29,004 shares during the period. Gamco Investors INC. ET AL owned approximately 6.84% of Park-Ohio worth $25,223,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Federated Hermes Inc. grew its holdings in Park-Ohio by 74.9% during the fourth quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 944 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Park-Ohio by 105.2% in the 3rd 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 during the period. SG Americas Securities LLC acquired a new position in Park-Ohio during the 4th quarter worth $106,000. Wells Fargo & Company MN boosted its holdings in Park-Ohio by 33.7% during the fourth quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company's stock valued at $138,000 after acquiring an additional 1,328 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Park-Ohio in the third quarter valued at about $242,000. Institutional investors and hedge funds own 51.38% of the company's stock.

Analysts Set New Price Targets

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

Park-Ohio Stock Performance

Shares of PKOH traded up $0.55 during mid-day trading on Friday, hitting $18.80. The company's stock had a trading volume of 22,513 shares, compared to its average volume of 28,383. Park-Ohio Holdings Corp. has a one year low of $18.00 and a one year high of $34.50. The stock's 50-day moving average is $22.06 and its two-hundred day moving average is $26.22. The firm has a market capitalization of $267.51 million, a PE ratio of 15.04 and a beta of 1.10. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.26 and a current ratio of 2.45.

Park-Ohio Announces Dividend

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

Insider Transactions at Park-Ohio

In other news, Director Edward F. Crawford sold 22,500 shares of the business'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 transaction of $486,675.00. Following the sale, the director now directly owns 766,273 shares in the company, valued at approximately $16,574,484.99. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 33.04% of the company's stock.

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.