Park-Ohio Holdings Corp. (PKOH) Stake Raised by Northpointe Capital LLC
Northpointe Capital LLC raised its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 26.7% during the second quarter, Holdings Channel reports. The fund owned 121,580 shares of the industrial products company’s stock after buying an additional 25,632 shares during the period. Northpointe Capital LLC’s holdings in Park-Ohio Holdings Corp. were worth $4,632,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of PKOH. Russell Investments Group Ltd. acquired a new position in Park-Ohio Holdings Corp. during the fourth quarter worth approximately $162,000. State Street Corp raised its position in shares of Park-Ohio Holdings Corp. by 2.4% in the fourth quarter. State Street Corp now owns 147,016 shares of the industrial products company’s stock valued at $6,261,000 after buying an additional 3,498 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Park-Ohio Holdings Corp. by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 13,842 shares of the industrial products company’s stock valued at $590,000 after buying an additional 581 shares in the last quarter. Boston Advisors LLC purchased a new position in shares of Park-Ohio Holdings Corp. during the first quarter valued at about $568,000. Finally, James Investment Research Inc. purchased a new position in shares of Park-Ohio Holdings Corp. during the first quarter valued at about $2,230,000. Institutional investors and hedge funds own 58.38% of the company’s stock.
Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) opened at 40.80 on Wednesday. The firm’s 50 day moving average is $39.23 and its 200 day moving average is $38.97. Park-Ohio Holdings Corp. has a 12 month low of $30.01 and a 12 month high of $47.00. The company has a market cap of $497.72 million, a PE ratio of 15.44 and a beta of 3.47.
Park-Ohio Holdings Corp. (NASDAQ:PKOH) last posted its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $350.90 million for the quarter, compared to analyst estimates of $355.83 million. Park-Ohio Holdings Corp. had a net margin of 2.50% and a return on equity of 16.90%. On average, equities analysts predict that Park-Ohio Holdings Corp. will post $3.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.23%. Park-Ohio Holdings Corp.’s dividend payout ratio (DPR) is 18.80%.
Several brokerages recently issued reports on PKOH. TheStreet upgraded Park-Ohio Holdings Corp. from a “c” rating to a “b-” rating in a research note on Monday, May 8th. Zacks Investment Research upgraded Park-Ohio Holdings Corp. from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Friday, August 11th. BidaskClub lowered Park-Ohio Holdings Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, FBR & Co boosted their price target on Park-Ohio Holdings Corp. from $33.00 to $37.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. Park-Ohio Holdings Corp. has an average rating of “Buy” and a consensus price target of $45.25.
In other Park-Ohio Holdings Corp. news, Director Patrick V. Auletta sold 2,010 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $38.55, for a total transaction of $77,485.50. Following the completion of the sale, the director now owns 18,645 shares of the company’s stock, valued at approximately $718,764.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 31.00% of the stock is currently owned by corporate insiders.
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.
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