Insider Selling: Park-Ohio Holdings Corp. (NASDAQ:PKOH) COO Sells 3,662 Shares of Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) COO Matthew V. Crawford sold 3,662 shares of Park-Ohio Holdings Corp. stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.24, for a total value of $147,358.88. Following the sale, the chief operating officer now directly owns 1,016,145 shares in the company, valued at $40,889,674.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Park-Ohio Holdings Corp. (NASDAQ PKOH) traded up 2.35% on Friday, reaching $43.55. The company’s stock had a trading volume of 33,982 shares. Park-Ohio Holdings Corp. has a 12 month low of $30.01 and a 12 month high of $47.00. The firm has a market cap of $531.27 million, a P/E ratio of 16.48 and a beta of 3.42. The firm’s 50 day moving average is $39.86 and its 200-day moving average is $38.21.

Park-Ohio Holdings Corp. (NASDAQ:PKOH) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.02. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. The firm had revenue of $350.90 million during the quarter, compared to analysts’ expectations of $355.83 million. On average, equities research analysts anticipate that Park-Ohio Holdings Corp. will post $3.24 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.50 annualized dividend and a dividend yield of 1.15%. Park-Ohio Holdings Corp.’s dividend payout ratio is 18.80%.

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Several research analysts have recently commented on the company. Zacks Investment Research raised Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Friday. BidaskClub raised Park-Ohio Holdings Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, ValuEngine raised Park-Ohio Holdings Corp. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Park-Ohio Holdings Corp. currently has an average rating of “Buy” and a consensus price target of $44.33.

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Park-Ohio Holdings Corp. by 0.7% in the 2nd quarter. Royal Bank of Canada now owns 5,663 shares of the industrial products company’s stock worth $216,000 after acquiring an additional 37 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Park-Ohio Holdings Corp. by 3.8% in the 1st quarter. Wedge Capital Management L L P NC now owns 5,558 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 202 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Park-Ohio Holdings Corp. by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,904 shares of the industrial products company’s stock worth $751,000 after acquiring an additional 249 shares in the last quarter. American International Group Inc. increased its stake in shares of Park-Ohio Holdings Corp. by 7.1% in the 1st quarter. American International Group Inc. now owns 5,238 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 346 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Park-Ohio Holdings Corp. by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,203 shares of the industrial products company’s stock worth $2,866,000 after acquiring an additional 404 shares in the last quarter. Institutional investors own 55.12% of the company’s stock.

Park-Ohio Holdings Corp. Company Profile

Park-Ohio Holdings Corp. is a diversified international company providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The Company operates in three segments: Supply Technologies, Assembly Components and Engineered Products.

Insider Buying and Selling by Quarter for Park-Ohio Holdings Corp. (NASDAQ:PKOH)

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