Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. trimmed its holdings in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 162,000 shares of the industrial products company’s stock after selling 10,419 shares during the period. Park-Ohio accounts for about 2.2% of Teton Advisors Inc.’s holdings, making the stock its 7th biggest holding. Teton Advisors Inc. owned approximately 1.15% of Park-Ohio worth $4,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of Park-Ohio by 105.2% during the third 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 period. State Street Corp boosted its stake in shares of Park-Ohio by 0.8% in the third quarter. State Street Corp now owns 134,356 shares of the industrial products company’s stock valued at $4,125,000 after purchasing an additional 1,034 shares during the period. Jane Street Group LLC acquired a new stake in Park-Ohio during the 3rd quarter valued at $242,000. Barclays PLC increased its stake in 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 buying an additional 8,195 shares during the period. Finally, Geode Capital Management LLC boosted its position in Park-Ohio by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company’s stock valued at $5,987,000 after buying an additional 2,928 shares during the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Park-Ohio Stock Performance

Shares of PKOH opened at $19.15 on Tuesday. Park-Ohio Holdings Corp. has a 52-week low of $18.23 and a 52-week high of $34.50. The company has a quick ratio of 1.26, a current ratio of 2.45 and a debt-to-equity ratio of 1.90. The firm has a market cap of $272.49 million, a price-to-earnings ratio of 15.32 and a beta of 1.10. The business’s 50 day moving average is $22.62 and its two-hundred day moving average is $26.52.

Park-Ohio Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.61%. The ex-dividend date was Friday, February 7th. Park-Ohio’s dividend payout ratio is currently 20.49%.

Insider Transactions at Park-Ohio

In related news, Director Edward F. Crawford sold 22,500 shares of Park-Ohio 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 directly owns 766,273 shares in the company, valued at approximately $16,574,484.99. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 33.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.