Park-Ohio Holdings Corp. (PKOH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 0.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,100 shares of the industrial products company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Park-Ohio Holdings Corp. worth $347,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. acquired a new stake in Park-Ohio Holdings Corp. in the second quarter valued at approximately $228,000. Teachers Advisors LLC grew its stake in Park-Ohio Holdings Corp. by 4.0% in the second quarter. Teachers Advisors LLC now owns 15,695 shares of the industrial products company’s stock valued at $598,000 after acquiring an additional 603 shares during the period. Martingale Asset Management L P grew its stake in Park-Ohio Holdings Corp. by 4.7% in the second quarter. Martingale Asset Management L P now owns 28,715 shares of the industrial products company’s stock valued at $1,095,000 after acquiring an additional 1,300 shares during the period. Kennedy Capital Management Inc. grew its stake in Park-Ohio Holdings Corp. by 56.6% in the second quarter. Kennedy Capital Management Inc. now owns 69,887 shares of the industrial products company’s stock valued at $2,663,000 after acquiring an additional 25,251 shares during the period. Finally, Royce & Associates LP grew its stake in Park-Ohio Holdings Corp. by 20.3% in the second quarter. Royce & Associates LP now owns 142,080 shares of the industrial products company’s stock valued at $5,413,000 after acquiring an additional 23,958 shares during the period. Institutional investors and hedge funds own 55.56% of the company’s stock.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) opened at $42.95 on Friday. The stock has a market capitalization of $515.63, a P/E ratio of 13.58 and a beta of 3.52. The company has a current ratio of 2.36, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79. Park-Ohio Holdings Corp. has a 1 year low of $34.25 and a 1 year high of $47.80.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.05). The company had revenue of $352.20 million for the quarter, compared to analysts’ expectations of $345.17 million. Park-Ohio Holdings Corp. had a net margin of 2.16% and a return on equity of 14.79%. research analysts forecast that Park-Ohio Holdings Corp. will post 3.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Tuesday, November 14th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. Park-Ohio Holdings Corp.’s payout ratio is 21.19%.

In related news, COO Matthew V. Crawford sold 3,662 shares of Park-Ohio Holdings Corp. stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $40.24, for a total transaction of $147,358.88. Following the transaction, the chief operating officer now owns 1,016,145 shares of the company’s stock, valued at $40,889,674.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Matthew V. Crawford sold 15,808 shares of Park-Ohio Holdings Corp. stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $39.47, for a total value of $623,941.76. Following the transaction, the chief operating officer now directly owns 1,032,645 shares in the company, valued at approximately $40,758,498.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,150 shares of company stock worth $1,545,828. 31.00% of the stock is owned by insiders.

A number of equities research analysts have commented on the company. B. Riley reissued a “neutral” rating on shares of Park-Ohio Holdings Corp. in a research note on Wednesday, November 1st. ValuEngine raised Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. FBR & Co raised their price objective on Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 9th. BidaskClub cut Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research cut Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.67.

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Park-Ohio Holdings Corp. Profile

Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.

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Institutional Ownership by Quarter for Park-Ohio Holdings Corp. (NASDAQ:PKOH)

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