First Eagle Investment Management LLC Buys 28,045 Shares of Park-Ohio Holdings Corp. $PKOH

First Eagle Investment Management LLC raised its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 7.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 414,070 shares of the industrial products company’s stock after buying an additional 28,045 shares during the quarter. First Eagle Investment Management LLC’s holdings in Park-Ohio were worth $8,795,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PKOH. Victory Capital Management Inc. raised its stake in Park-Ohio by 26.5% in the third quarter. Victory Capital Management Inc. now owns 39,200 shares of the industrial products company’s stock valued at $833,000 after purchasing an additional 8,200 shares in the last quarter. Vanguard Group Inc. increased its holdings in Park-Ohio by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 528,699 shares of the industrial products company’s stock valued at $11,230,000 after buying an additional 3,967 shares during the period. JPMorgan Chase & Co. raised its position in shares of Park-Ohio by 19.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,561 shares of the industrial products company’s stock valued at $309,000 after buying an additional 2,386 shares in the last quarter. CM Wealth Advisors LLC lifted its holdings in shares of Park-Ohio by 2.6% during the 3rd quarter. CM Wealth Advisors LLC now owns 110,451 shares of the industrial products company’s stock worth $2,346,000 after acquiring an additional 2,775 shares during the period. Finally, CWM LLC boosted its position in shares of Park-Ohio by 238.4% during the 3rd quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 856 shares in the last quarter. 51.38% of the stock is owned by institutional investors and hedge funds.

Park-Ohio Stock Down 0.7%

Shares of PKOH opened at $26.30 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.32 and a current ratio of 2.56. Park-Ohio Holdings Corp. has a 52 week low of $15.52 and a 52 week high of $28.50. The stock has a market capitalization of $378.72 million, a price-to-earnings ratio of 15.65 and a beta of 1.11. The stock has a fifty day moving average of $23.95 and a 200-day moving average of $21.84.

Park-Ohio Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, February 6th. Park-Ohio’s dividend payout ratio (DPR) is 29.76%.

Wall Street Analyst Weigh In

PKOH has been the subject of several recent analyst reports. KeyCorp upgraded Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Monday, February 9th. Zacks Research upgraded Park-Ohio to a “hold” rating in a research report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Park-Ohio in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.00.

Park-Ohio Profile

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.