Cornerstone Capital Management Holdings LLC. raised its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 117.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,300 shares of the industrial products company’s stock after purchasing an additional 6,100 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.09% of Park-Ohio worth $514,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP raised its position in shares of Park-Ohio by 12.4% during the third quarter. Royce & Associates LP now owns 159,632 shares of the industrial products company’s stock valued at $7,279,000 after buying an additional 17,552 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Park-Ohio by 16.8% during the third quarter. Mackenzie Financial Corp now owns 29,097 shares of the industrial products company’s stock valued at $1,327,000 after buying an additional 4,181 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Park-Ohio by 6.3% during the third quarter. Dimensional Fund Advisors LP now owns 762,438 shares of the industrial products company’s stock valued at $34,767,000 after buying an additional 45,070 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Park-Ohio by 9.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 40,028 shares of the industrial products company’s stock worth $1,826,000 after purchasing an additional 3,519 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Park-Ohio by 48.5% in the third quarter. Wells Fargo & Company MN now owns 14,445 shares of the industrial products company’s stock worth $658,000 after purchasing an additional 4,721 shares during the last quarter. Hedge funds and other institutional investors own 55.93% of the company’s stock.

Shares of Park-Ohio Holdings Corp. (NASDAQ PKOH) opened at $44.70 on Wednesday. Park-Ohio Holdings Corp. has a 1 year low of $34.25 and a 1 year high of $47.80. The firm has a market cap of $556.36, a price-to-earnings ratio of 18.94 and a beta of 3.47. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.36 and a quick ratio of 1.39.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.05). Park-Ohio had a return on equity of 14.79% and a net margin of 2.16%. The business had revenue of $352.20 million during the quarter, compared to the consensus estimate of $345.17 million. analysts forecast that Park-Ohio Holdings Corp. will post 3.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, November 13th. Park-Ohio’s dividend payout ratio (DPR) is 21.19%.

In other Park-Ohio news, insider Robert D. Vilsack sold 1,471 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $45.75, for a total transaction of $67,298.25. Following the transaction, the insider now owns 93,527 shares in the company, valued at $4,278,860.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert D. Vilsack sold 7,436 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $45.02, for a total transaction of $334,768.72. Following the transaction, the insider now owns 103,527 shares in the company, valued at approximately $4,660,785.54. The disclosure for this sale can be found here. Insiders have sold 30,622 shares of company stock worth $1,410,679 in the last quarter. Company insiders own 31.00% of the company’s stock.

PKOH has been the topic of several research reports. Zacks Investment Research cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. FBR & Co restated a “hold” rating on shares of Park-Ohio in a research report on Thursday, October 5th. BidaskClub cut shares of Park-Ohio from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, ValuEngine cut shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.00.

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Park-Ohio 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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Institutional Ownership by Quarter for Park-Ohio (NASDAQ:PKOH)

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