Segall Bryant & Hamill LLC Acquires Shares of 57,265 Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Segall Bryant & Hamill LLC bought a new position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 57,265 shares of the industrial products company’s stock, valued at approximately $1,758,000. Segall Bryant & Hamill LLC owned about 0.43% of Park-Ohio at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Park-Ohio by 1,986.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 1,510 shares in the last quarter. EMC Capital Management lifted its position in Park-Ohio by 166.1% during the third quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 4,416 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Park-Ohio by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company’s stock worth $233,000 after buying an additional 449 shares in the last quarter. Aristeia Capital L.L.C. increased its holdings in shares of Park-Ohio by 11.3% in the 2nd quarter. Aristeia Capital L.L.C. now owns 11,515 shares of the industrial products company’s stock worth $298,000 after buying an additional 1,170 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Park-Ohio by 27.7% in the 2nd quarter. Rhumbline Advisers now owns 12,290 shares of the industrial products company’s stock valued at $318,000 after acquiring an additional 2,665 shares during the last quarter. 51.38% of the stock is owned by institutional investors.

Park-Ohio Stock Performance

NASDAQ:PKOH opened at $33.04 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.26 and a current ratio of 2.45. The stock’s fifty day moving average is $30.20 and its 200 day moving average is $28.18. The firm has a market capitalization of $463.88 million, a PE ratio of 26.43 and a beta of 1.16. Park-Ohio Holdings Corp. has a fifty-two week low of $22.52 and a fifty-two week high of $34.50.

Park-Ohio (NASDAQ:PKOH) last released its earnings results on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.18. Park-Ohio had a net margin of 1.01% and a return on equity of 14.64%. The firm had revenue of $417.60 million during the quarter.

Park-Ohio Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.51%. Park-Ohio’s payout ratio is 40.00%.

Analysts Set New Price Targets

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.