Teton Advisors Inc. Decreases Stock Holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Teton Advisors Inc. decreased its holdings in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 189,000 shares of the industrial products company’s stock after selling 3,500 shares during the period. Park-Ohio makes up about 1.7% of Teton Advisors Inc.’s portfolio, making the stock its 11th biggest holding. Teton Advisors Inc.’s holdings in Park-Ohio were worth $5,095,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in Park-Ohio in the 2nd quarter worth approximately $32,000. Gladius Capital Management LP purchased a new position in shares of Park-Ohio in the third quarter valued at $37,000. Covestor Ltd grew its holdings in Park-Ohio by 6,160.0% during the 3rd quarter. Covestor Ltd now owns 2,817 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 2,772 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Park-Ohio by 146.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,064 shares of the industrial products company’s stock worth $56,000 after buying an additional 1,228 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Park-Ohio in the 3rd quarter worth $60,000. 51.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Park-Ohio from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Park-Ohio Stock Up 2.0 %

Shares of PKOH traded up $0.47 during trading on Monday, reaching $24.56. The company’s stock had a trading volume of 17,663 shares, compared to its average volume of 23,724. The company has a market cap of $321.00 million, a price-to-earnings ratio of 38.98 and a beta of 1.23. The company has a quick ratio of 1.14, a current ratio of 2.27 and a debt-to-equity ratio of 2.18. The company has a fifty day moving average of $25.27 and a two-hundred day moving average of $24.80. Park-Ohio Holdings Corp. has a twelve month low of $12.34 and a twelve month high of $28.79.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. The company had revenue of $389.30 million during the quarter, compared to the consensus estimate of $386.45 million. During the same quarter last year, the firm posted ($0.09) EPS. On average, sell-side analysts predict that Park-Ohio Holdings Corp. will post 3.36 EPS for the current fiscal year.

Park-Ohio Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.50 annualized dividend and a dividend yield of 2.04%. Park-Ohio’s payout ratio is 79.37%.

Insider Buying and Selling

In other Park-Ohio news, Director James W. Wert sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total transaction of $38,970.00. Following the sale, the director now owns 82,690 shares in the company, valued at $2,148,286.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director James W. Wert sold 1,500 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $25.98, for a total transaction of $38,970.00. Following the transaction, the director now directly owns 82,690 shares in the company, valued at $2,148,286.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James W. Wert sold 1,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $27.02, for a total transaction of $27,020.00. Following the sale, the director now owns 84,190 shares of the company’s stock, valued at approximately $2,274,813.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,500 shares of company stock worth $91,990. Corporate insiders own 33.26% of the company’s stock.

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.