Park-Ohio Holdings Corp. (NASDAQ:PKOH) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 5.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 10,874 shares of the industrial products company’s stock after acquiring an additional 536 shares during the quarter. Empowered Funds LLC owned about 0.08% of Park-Ohio worth $334,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 valued at $41,000 after acquiring an additional 1,510 shares during the last quarter. EMC Capital Management increased its stake in shares of Park-Ohio by 166.1% in the 3rd quarter. EMC Capital Management now owns 7,074 shares of the industrial products company’s stock valued at $217,000 after purchasing an additional 4,416 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Park-Ohio by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 449 shares during the period. Aristeia Capital L.L.C. boosted its position in Park-Ohio by 11.3% during the second quarter. Aristeia Capital L.L.C. now owns 11,515 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings 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 during the period. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Park-Ohio from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

Park-Ohio Stock Performance

NASDAQ PKOH opened at $33.13 on Tuesday. Park-Ohio Holdings Corp. has a 1-year low of $22.52 and a 1-year high of $34.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.45 and a quick ratio of 1.26. The company has a market cap of $465.21 million, a PE ratio of 26.65 and a beta of 1.16. The stock’s 50 day simple moving average is $30.20 and its 200-day simple moving average is $28.21.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $417.60 million for the quarter.

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, November 15th. Park-Ohio’s payout ratio is 40.00%.

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.