Park-Ohio Holdings Corp. (NASDAQ:PKOH) Holdings Decreased by Gabelli Funds LLC

Gabelli Funds LLC reduced its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 477,300 shares of the industrial products company’s stock after selling 500 shares during the period. Gabelli Funds LLC owned about 3.65% of Park-Ohio worth $12,357,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC lifted its position in Park-Ohio by 41.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 158,189 shares of the industrial products company’s stock worth $4,096,000 after buying an additional 46,660 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Park-Ohio by 1.6% during 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 purchasing an additional 12,267 shares during the last quarter. Schneider Downs Wealth Management Advisors LP boosted its position in Park-Ohio by 53.1% during the second quarter. Schneider Downs Wealth Management Advisors LP now owns 17,306 shares of the industrial products company’s stock valued at $448,000 after purchasing an additional 6,000 shares during the last quarter. Rhumbline Advisers grew its stake in Park-Ohio by 27.7% in the second quarter. Rhumbline Advisers now owns 12,290 shares of the industrial products company’s stock valued at $318,000 after purchasing an additional 2,665 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Park-Ohio by 1,986.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 1,510 shares during the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Park-Ohio Stock Up 1.0 %

Park-Ohio stock opened at $28.58 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. Park-Ohio Holdings Corp. has a 1-year low of $19.25 and a 1-year high of $31.95. The firm’s fifty day simple moving average is $28.97 and its 200-day simple moving average is $26.64. The company has a market capitalization of $373.57 million, a P/E ratio of 31.41 and a beta of 1.16.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.08. The company had revenue of $432.60 million during the quarter. Park-Ohio had a return on equity of 14.72% and a net margin of 1.09%. During the same period in the prior year, the firm earned $0.83 EPS.

Park-Ohio Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.125 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.50 annualized dividend and a yield of 1.75%. Park-Ohio’s dividend payout ratio (DPR) is presently 54.95%.

Analyst Ratings Changes

Separately, StockNews.com cut Park-Ohio from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th.

Park-Ohio 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.