Segall Bryant & Hamill LLC Increases Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Segall Bryant & Hamill LLC lifted its holdings in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,010 shares of the industrial products company’s stock after acquiring an additional 9,745 shares during the quarter. Segall Bryant & Hamill LLC owned 0.48% of Park-Ohio worth $1,760,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of Park-Ohio by 105.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 1,669 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Park-Ohio during the fourth quarter worth about $106,000. Jane Street Group LLC bought a new stake in Park-Ohio in the third quarter worth about $242,000. Empowered Funds LLC boosted its stake in Park-Ohio by 4.3% in the fourth quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 471 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Park-Ohio by 5.2% during the 4th 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 last quarter. 51.38% of the stock is currently owned by institutional investors.

Insider Activity at Park-Ohio

In other Park-Ohio news, Director Edward F. Crawford sold 22,500 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 766,273 shares in the company, valued at $16,574,484.99. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 33.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Park-Ohio from a “buy” rating to a “hold” rating in a report on Thursday, March 13th.

Park-Ohio Trading Down 2.5 %

Shares of PKOH opened at $21.79 on Friday. Park-Ohio Holdings Corp. has a fifty-two week low of $21.00 and a fifty-two week high of $34.50. The business has a 50-day moving average of $23.91 and a 200 day moving average of $27.33. The firm has a market cap of $310.09 million, a P/E ratio of 17.43 and a beta of 1.16. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Friday, February 7th. Park-Ohio’s dividend payout ratio (DPR) is presently 20.49%.

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.