Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Bought by Empowered Funds LLC

Empowered Funds LLC grew its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,874 shares of the industrial products company’s stock after purchasing an additional 536 shares during the quarter. Empowered Funds LLC’s holdings in Park-Ohio were worth $334,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Park-Ohio by 5.4% in 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Park-Ohio by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 95,170 shares of the industrial products company’s stock valued at $2,464,000 after acquiring an additional 496 shares during the last quarter. Aristeia Capital L.L.C. raised its position in shares of Park-Ohio by 11.3% during the 2nd quarter. Aristeia Capital L.L.C. now owns 11,515 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 1,170 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Park-Ohio by 1,986.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 1,510 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Park-Ohio by 27.7% in the second quarter. Rhumbline Advisers now owns 12,290 shares of the industrial products company’s stock valued at $318,000 after purchasing an additional 2,665 shares in the last quarter. 51.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

Park-Ohio Stock Up 0.3 %

PKOH opened at $33.13 on Tuesday. The stock has a market capitalization of $465.21 million, a P/E ratio of 26.65 and a beta of 1.16. 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 Holdings Corp. has a one year low of $22.52 and a one year high of $34.50. The business’s 50-day simple moving average is $30.20 and its 200-day simple moving average is $28.21.

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

Park-Ohio Dividend Announcement

The firm also recently announced 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 is Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.51%. Park-Ohio’s payout ratio is 40.00%.

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.