Insider Selling: Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Sells $486,675.00 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Edward F. Crawford sold 22,500 shares of the business’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 sale, the director now owns 766,273 shares in the company, valued at $16,574,484.99. The trade was a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Park-Ohio Price Performance

Shares of NASDAQ PKOH opened at $21.53 on Monday. The business’s 50 day moving average price is $24.37 and its 200 day moving average price is $27.78. The firm has a market cap of $306.39 million, a P/E ratio of 17.22 and a beta of 1.16. Park-Ohio Holdings Corp. has a 52 week low of $21.00 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.

Park-Ohio Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.125 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.32%. Park-Ohio’s dividend payout ratio is currently 20.49%.

Institutional Investors Weigh In On Park-Ohio

A number of large investors have recently bought and sold shares of PKOH. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Park-Ohio in the fourth quarter valued at approximately $1,547,000. Segall Bryant & Hamill LLC purchased a new stake in Park-Ohio in the 3rd quarter worth approximately $1,758,000. King Luther Capital Management Corp purchased a new stake in Park-Ohio in the 4th quarter worth approximately $1,287,000. First Eagle Investment Management LLC boosted its position in Park-Ohio by 21.8% in the 4th quarter. First Eagle Investment Management LLC now owns 258,913 shares of the industrial products company’s stock worth $6,802,000 after purchasing an additional 46,324 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Park-Ohio by 28.3% in the 4th quarter. American Century Companies Inc. now owns 202,311 shares of the industrial products company’s stock worth $5,315,000 after purchasing an additional 44,603 shares in the last quarter. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Wall Street Analyst Weigh In

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

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.