LSV Asset Management held its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 443,474 shares of the industrial products company’s stock at the close of the 2nd quarter. LSV Asset Management owned 3.63% of Park-Ohio Holdings Corp. worth $16,896,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Park-Ohio Holdings Corp. by 1.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,904 shares of the industrial products company’s stock valued at $751,000 after acquiring an additional 249 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Park-Ohio Holdings Corp. by 7.1% during the 1st quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock valued at $188,000 after acquiring an additional 346 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Park-Ohio Holdings Corp. by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,203 shares of the industrial products company’s stock valued at $2,866,000 after acquiring an additional 404 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Park-Ohio Holdings Corp. by 4.4% during the 4th quarter. Teachers Advisors LLC now owns 13,842 shares of the industrial products company’s stock valued at $590,000 after acquiring an additional 581 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Park-Ohio Holdings Corp. by 11.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 6,180 shares of the industrial products company’s stock valued at $235,000 after acquiring an additional 622 shares in the last quarter. 55.12% of the stock is currently owned by hedge funds and other institutional investors.

In other news, COO Matthew V. Crawford sold 15,808 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $39.47, for a total transaction of $623,941.76. Following the completion of the sale, the chief operating officer now directly owns 1,032,645 shares in the company, valued at $40,758,498.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James W. Wert sold 2,500 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $40.80, for a total transaction of $102,000.00. Following the sale, the director now owns 81,695 shares of the company’s stock, valued at $3,333,156. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,162 shares of company stock valued at $1,041,861. Company insiders own 31.00% of the company’s stock.

Park-Ohio Holdings Corp. (NASDAQ PKOH) opened at 40.35 on Thursday. The company’s 50-day moving average price is $39.76 and its 200 day moving average price is $38.34. Park-Ohio Holdings Corp. has a 12 month low of $30.01 and a 12 month high of $47.00. The company has a market capitalization of $492.23 million, a price-to-earnings ratio of 15.27 and a beta of 3.42.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last posted its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. The business had revenue of $350.90 million during the quarter, compared to analyst estimates of $355.83 million. Analysts forecast that Park-Ohio Holdings Corp. will post $3.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.50 annualized dividend and a yield of 1.24%. Park-Ohio Holdings Corp.’s payout ratio is 18.80%.

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Several equities research analysts recently weighed in on the company. 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 report on Wednesday, August 9th. BidaskClub downgraded Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research downgraded Park-Ohio Holdings Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Park-Ohio Holdings Corp. presently has a consensus rating of “Buy” and a consensus target price of $43.67.

Park-Ohio Holdings Corp. Company 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.

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

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