Rhumbline Advisers Has $354,000 Stock Holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Rhumbline Advisers boosted its position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,463 shares of the industrial products company’s stock after purchasing an additional 661 shares during the period. Rhumbline Advisers owned 0.10% of Park-Ohio worth $354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in shares of Park-Ohio by 4.3% during the 4th quarter. Empowered Funds LLC now owns 11,345 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 471 shares in the last quarter. SG Americas Securities LLC bought a new position in Park-Ohio during the fourth quarter valued at approximately $106,000. JPMorgan Chase & Co. lifted its stake in Park-Ohio by 51.4% in the third quarter. JPMorgan Chase & Co. now owns 26,026 shares of the industrial products company’s stock valued at $799,000 after acquiring an additional 8,841 shares during the last quarter. Barclays PLC lifted its stake in Park-Ohio by 215.2% in the third quarter. Barclays PLC now owns 12,003 shares of the industrial products company’s stock valued at $369,000 after acquiring an additional 8,195 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Park-Ohio by 1.5% in the third quarter. Geode Capital Management LLC now owns 194,982 shares of the industrial products company’s stock worth $5,987,000 after acquiring an additional 2,928 shares in the last quarter. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Park-Ohio Price Performance

Shares of NASDAQ:PKOH opened at $24.03 on Monday. The stock has a market capitalization of $337.43 million, a P/E ratio of 19.22 and a beta of 1.16. The business has a 50-day moving average of $24.77 and a two-hundred day moving average of $28.08. Park-Ohio Holdings Corp. has a fifty-two week low of $22.43 and a fifty-two week 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.

Park-Ohio Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.125 per share. The ex-dividend date was Friday, February 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.08%. Park-Ohio’s payout ratio is currently 20.49%.

Insider Buying and Selling at Park-Ohio

In related news, insider Robert D. Vilsack sold 3,556 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $31.67, for a total transaction of $112,618.52. Following the completion of the sale, the insider now directly owns 187,764 shares of the company’s stock, valued at approximately $5,946,485.88. This represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 33.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Park-Ohio from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th.

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.