Geode Capital Management LLC Purchases 2,928 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Geode Capital Management LLC boosted its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 1.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 194,982 shares of the industrial products company’s stock after buying an additional 2,928 shares during the quarter. Geode Capital Management LLC owned approximately 1.39% of Park-Ohio worth $5,987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Park-Ohio by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 779,363 shares of the industrial products company’s stock valued at $20,177,000 after acquiring an additional 12,267 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Park-Ohio by 41.8% in the second quarter. First Eagle Investment Management LLC now owns 158,189 shares of the industrial products company’s stock worth $4,096,000 after purchasing an additional 46,660 shares during the last quarter. State Street Corp increased its holdings in Park-Ohio by 0.8% during the 3rd quarter. State Street Corp now owns 134,356 shares of the industrial products company’s stock valued at $4,125,000 after purchasing an additional 1,034 shares during the period. Bank of New York Mellon Corp raised its position in Park-Ohio by 0.5% during 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 purchasing an additional 496 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 worth $1,915,000 after buying an additional 5,465 shares during the period. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Park-Ohio Stock Up 1.4 %

Shares of NASDAQ PKOH opened at $25.53 on Friday. The firm has a fifty day simple moving average of $29.96 and a two-hundred day simple moving average of $28.86. The firm has a market capitalization of $358.49 million, a PE ratio of 20.42 and a beta of 1.21. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90. Park-Ohio Holdings Corp. has a 12 month low of $22.74 and a 12 month high of $34.50.

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

Park-Ohio Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.125 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a yield of 1.96%. Park-Ohio’s dividend payout ratio (DPR) is 40.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Park-Ohio from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

Insider Buying and Selling at Park-Ohio

In related news, insider Robert D. Vilsack sold 3,556 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $31.67, for a total transaction of $112,618.52. Following the completion of the transaction, the insider now owns 187,764 shares of the company’s stock, valued at $5,946,485.88. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick V. Auletta sold 9,800 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $31.43, for a total value of $308,014.00. Following the completion of the sale, the director now directly owns 12,135 shares in the company, valued at $381,403.05. This trade represents a 44.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 33.04% of the company’s stock.

About Park-Ohio

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.