Park-Ohio (NASDAQ:PKOH) Upgraded at StockNews.com

StockNews.com upgraded shares of Park-Ohio (NASDAQ:PKOH) from a hold rating to a buy rating in a report published on Wednesday.

Park-Ohio Stock Performance

Shares of PKOH stock opened at $24.03 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. Park-Ohio has a 52 week low of $22.43 and a 52 week high of $34.50. The stock has a market capitalization of $337.43 million, a PE ratio of 19.22 and a beta of 1.16. The firm has a 50 day moving average of $24.77 and a two-hundred day moving average of $28.09.

Park-Ohio Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.50 annualized dividend and a yield of 2.08%. Park-Ohio’s dividend payout ratio is presently 20.49%.

Insider Buying and Selling at Park-Ohio

In other news, insider Robert D. Vilsack sold 3,556 shares of Park-Ohio stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total transaction of $112,618.52. Following the completion of the sale, the insider now directly owns 187,764 shares of the company’s stock, valued at approximately $5,946,485.88. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 33.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Park-Ohio

Institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC purchased a new stake in shares of Park-Ohio during the 3rd quarter worth $1,758,000. Empowered Funds LLC lifted its position in shares of Park-Ohio by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 536 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Park-Ohio by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company’s stock worth $5,987,000 after purchasing an additional 2,928 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Park-Ohio during the 3rd quarter worth $242,000. Finally, Barclays PLC lifted its position in shares of Park-Ohio by 215.2% during the 3rd quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock worth $369,000 after purchasing an additional 8,195 shares during the last quarter. 51.38% of the stock is owned by hedge funds and other institutional investors.

Park-Ohio Company 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.