Charles Schwab Investment Management Inc. Boosts Position in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Charles Schwab Investment Management Inc. raised its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 25,446 shares of the industrial products company’s stock after acquiring an additional 1,207 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Park-Ohio were worth $668,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PKOH. Rhumbline Advisers grew its position in shares of Park-Ohio by 5.2% in the 4th quarter. Rhumbline Advisers now owns 13,463 shares of the industrial products company’s stock valued at $354,000 after buying an additional 661 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Park-Ohio by 1.5% during the third quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company’s stock worth $5,987,000 after purchasing an additional 2,928 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Park-Ohio in the 3rd quarter valued at about $242,000. Barclays PLC boosted its position in shares of Park-Ohio by 215.2% in the 3rd quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock valued at $369,000 after purchasing an additional 8,195 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Park-Ohio by 51.4% during the third quarter. JPMorgan Chase & Co. now owns 26,026 shares of the industrial products company’s stock worth $799,000 after acquiring an additional 8,841 shares during the last quarter. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Park-Ohio Price Performance

Park-Ohio stock opened at $21.60 on Tuesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. The business has a 50 day simple moving average of $23.84 and a 200-day simple moving average of $27.27. Park-Ohio Holdings Corp. has a 12 month low of $21.00 and a 12 month high of $34.50. The stock has a market capitalization of $307.39 million, a PE ratio of 17.28 and a beta of 1.16.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.31%. Park-Ohio’s payout ratio is currently 20.49%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Park-Ohio from a “buy” rating to a “hold” rating in a report on Thursday, March 13th.

Insider Transactions at Park-Ohio

In related news, Director Edward F. Crawford sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total value of $486,675.00. Following the completion of the sale, the director now owns 766,273 shares in the company, valued at $16,574,484.99. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 33.04% of the company’s stock.

Park-Ohio Company Profile

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.