Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Edward F. Crawford Sells 22,500 Shares of Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Edward F. Crawford sold 22,500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total transaction of $486,675.00. Following the transaction, the director now owns 766,273 shares in the company, valued at approximately $16,574,484.99. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Park-Ohio Stock Performance

PKOH stock opened at $21.53 on Friday. The firm has a market cap of $306.39 million, a price-to-earnings ratio of 17.22 and a beta of 1.16. The firm has a 50-day simple moving average of $24.37 and a two-hundred day simple moving average of $27.82. Park-Ohio Holdings Corp. has a one year low of $21.00 and a one year high of $34.50. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.26 and a current ratio of 2.45.

Park-Ohio Announces Dividend

The company also recently declared 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. This represents a $0.50 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Friday, February 7th. Park-Ohio’s payout ratio is 20.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a report on Thursday.

Institutional Trading of Park-Ohio

Several hedge funds have recently modified their holdings of PKOH. Federated Hermes Inc. lifted its position in shares of Park-Ohio by 74.9% during the fourth quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company’s stock valued at $58,000 after buying an additional 944 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Park-Ohio by 105.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 1,669 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Park-Ohio in the 4th quarter valued at approximately $106,000. Wells Fargo & Company MN raised its position in shares of Park-Ohio by 33.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company’s stock valued at $138,000 after purchasing an additional 1,328 shares during the last quarter. Finally, L & S Advisors Inc purchased a new position in shares of Park-Ohio in the 3rd quarter valued at approximately $230,000. 51.38% of the stock is owned by hedge funds and other institutional investors.

About Park-Ohio

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.