Dimensional Fund Advisors LP Buys 48,279 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)
Dimensional Fund Advisors LP increased its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 7.9% during the first quarter, Holdings Channel reports. The institutional investor owned 662,053 shares of the industrial products company’s stock after buying an additional 48,279 shares during the period. Dimensional Fund Advisors LP owned 0.05% of Park-Ohio Holdings Corp. worth $23,801,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in Park-Ohio Holdings Corp. during the fourth quarter valued at about $162,000. American International Group Inc. increased its stake in Park-Ohio Holdings Corp. by 7.1% in the first quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock valued at $188,000 after buying an additional 346 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Park-Ohio Holdings Corp. by 3.8% in the first quarter. Wedge Capital Management L L P NC now owns 5,558 shares of the industrial products company’s stock valued at $200,000 after buying an additional 202 shares in the last quarter. Oxford Asset Management bought a new stake in Park-Ohio Holdings Corp. during the first quarter valued at about $202,000. Finally, Cutler Group LP increased its stake in Park-Ohio Holdings Corp. by 3,771.9% in the first quarter. Cutler Group LP now owns 7,589 shares of the industrial products company’s stock valued at $272,000 after buying an additional 7,393 shares in the last quarter. Hedge funds and other institutional investors own 55.89% of the company’s stock.
Park-Ohio Holdings Corp. (PKOH) traded down 1.53% during midday trading on Tuesday, hitting $38.65. The company’s stock had a trading volume of 1,353 shares. Park-Ohio Holdings Corp. has a 12 month low of $29.61 and a 12 month high of $47.00. The firm has a market cap of $471.65 million, a P/E ratio of 12.28 and a beta of 3.47. The company’s 50 day moving average price is $38.83 and its 200 day moving average price is $39.19.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. Park-Ohio Holdings Corp. had a net margin of 3.00% and a return on equity of 16.89%. Analysts expect that Park-Ohio Holdings Corp. will post $3.20 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.27%. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is presently 15.87%.
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Several research firms have issued reports on PKOH. BidaskClub downgraded Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research upgraded Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, May 13th. Finally, TheStreet upgraded Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $45.75.
In other news, Director Patrick V. Auletta sold 2,010 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $38.55, for a total value of $77,485.50. Following the sale, the director now directly owns 18,645 shares in the company, valued at approximately $718,764.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 31.00% of the company’s stock.
About Park-Ohio Holdings Corp.
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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