Park-Ohio Holdings Corp. (NASDAQ:PKOH) CEO Matthew V. Crawford Acquires 5,272 Shares

Park-Ohio Holdings Corp. (NASDAQ:PKOHGet Free Report) CEO Matthew V. Crawford purchased 5,272 shares of Park-Ohio stock in a transaction on Friday, June 7th. The stock was bought at an average price of $23.96 per share, with a total value of $126,317.12. Following the completion of the acquisition, the chief executive officer now directly owns 864,813 shares of the company’s stock, valued at approximately $20,720,919.48. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Park-Ohio Trading Up 0.7 %

NASDAQ PKOH opened at $24.14 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 2.25 and a debt-to-equity ratio of 2.21. Park-Ohio Holdings Corp. has a 52 week low of $16.80 and a 52 week high of $28.79. The business has a 50 day moving average price of $25.40 and a 200-day moving average price of $25.28. The company has a market cap of $315.53 million, a price-to-earnings ratio of 26.53 and a beta of 1.17.

Park-Ohio (NASDAQ:PKOHGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. Park-Ohio had a net margin of 0.70% and a return on equity of 13.93%. The business had revenue of $417.60 million during the quarter, compared to analyst estimates of $439.00 million. During the same quarter in the previous year, the business posted $0.72 EPS.

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, May 3rd were given a $0.125 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.50 annualized dividend and a yield of 2.07%. Park-Ohio’s payout ratio is 54.95%.

Hedge Funds Weigh In On Park-Ohio

A number of hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Park-Ohio by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company’s stock valued at $233,000 after buying an additional 449 shares during the last quarter. Barclays PLC lifted its stake in Park-Ohio by 32.6% during the 3rd quarter. Barclays PLC now owns 2,225 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 547 shares in the last quarter. Empowered Funds LLC boosted its holdings in Park-Ohio by 7.8% during the 1st quarter. Empowered Funds LLC now owns 9,618 shares of the industrial products company’s stock worth $257,000 after acquiring an additional 700 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Park-Ohio by 0.4% in the 1st quarter. Acadian Asset Management LLC now owns 246,968 shares of the industrial products company’s stock worth $6,584,000 after acquiring an additional 1,074 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Park-Ohio by 146.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,064 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 1,228 shares during the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th.

View Our Latest Research Report on PKOH

Park-Ohio Company Profile

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for Park-Ohio (NASDAQ:PKOH)

Receive News & Ratings for Park-Ohio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park-Ohio and related companies with MarketBeat.com's FREE daily email newsletter.