Edward F. Crawford Sells 22,500 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Edward F. Crawford sold 22,500 shares of Park-Ohio stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $21.63, for a total value of $486,675.00. Following the transaction, the director now owns 766,273 shares in the company, valued at $16,574,484.99. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Park-Ohio Trading Up 1.2 %

NASDAQ PKOH opened at $21.53 on Friday. The stock has a market capitalization of $306.39 million, a price-to-earnings ratio of 17.22 and a beta of 1.16. The stock’s 50 day moving average price is $24.37 and its two-hundred day moving average price is $27.80. 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 52 week low of $21.00 and a 52 week high of $34.50.

Park-Ohio Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, February 7th. Park-Ohio’s payout ratio is 20.49%.

Institutional Investors Weigh In On Park-Ohio

Several institutional investors have recently bought and sold shares of PKOH. Empowered Funds LLC lifted its stake in Park-Ohio by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 10,874 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 536 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Park-Ohio in the 3rd quarter valued at approximately $1,758,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Park-Ohio by 9.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,391 shares of the industrial products company’s stock valued at $1,915,000 after acquiring an additional 5,465 shares in the last quarter. L & S Advisors Inc bought a new stake in Park-Ohio in the 3rd quarter valued at approximately $230,000. Finally, BNP Paribas Financial Markets lifted its stake in Park-Ohio by 105.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 1,669 shares in the last quarter. Institutional investors own 51.38% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Park-Ohio from a “buy” rating to a “hold” rating in a report on Thursday.

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.