Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. cut its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,000 shares of the industrial products company’s stock after selling 3,500 shares during the quarter. Park-Ohio comprises approximately 1.7% of Teton Advisors Inc.’s investment portfolio, making the stock its 11th biggest position. Teton Advisors Inc. owned about 1.44% of Park-Ohio worth $5,095,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of Park-Ohio by 146.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,064 shares of the industrial products company’s stock worth $56,000 after buying an additional 1,228 shares during the last quarter. Trexquant Investment LP increased its stake in Park-Ohio by 43.6% during the fourth quarter. Trexquant Investment LP now owns 24,777 shares of the industrial products company’s stock worth $668,000 after acquiring an additional 7,523 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Park-Ohio by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 751,077 shares of the industrial products company’s stock valued at $20,249,000 after purchasing an additional 26,215 shares during the period. AJOVista LLC acquired a new position in shares of Park-Ohio in the 4th quarter valued at $65,000. Finally, Bfsg LLC purchased a new position in shares of Park-Ohio during the 4th quarter worth $232,000. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Insider Transactions at Park-Ohio

In related news, Director James W. Wert sold 1,000 shares of Park-Ohio stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $27.02, for a total value of $27,020.00. Following the completion of the transaction, the director now owns 84,190 shares in the company, valued at $2,274,813.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Park-Ohio news, Director James W. Wert sold 1,500 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total value of $38,970.00. Following the sale, the director now owns 82,690 shares of the company’s stock, valued at approximately $2,148,286.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $27.02, for a total value of $27,020.00. Following the transaction, the director now directly owns 84,190 shares of the company’s stock, valued at $2,274,813.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,500 shares of company stock valued at $91,990. 33.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Park-Ohio Trading Up 2.0 %

Shares of PKOH stock traded up $0.47 during trading hours on Monday, hitting $24.56. The company had a trading volume of 17,663 shares, compared to its average volume of 23,724. Park-Ohio Holdings Corp. has a fifty-two week low of $12.34 and a fifty-two week high of $28.79. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.27 and a quick ratio of 1.14. The company’s fifty day moving average is $25.27 and its 200 day moving average is $24.80. The stock has a market capitalization of $321.00 million, a PE ratio of 38.98 and a beta of 1.23.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $389.30 million for the quarter, compared to analysts’ expectations of $386.45 million. Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Research analysts expect that Park-Ohio Holdings Corp. will post 3.36 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, May 2nd. Park-Ohio’s dividend payout ratio is currently 79.37%.

Park-Ohio 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.