Tower Research Capital LLC TRC Buys 1,228 Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH)

Tower Research Capital LLC TRC raised its position in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 146.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,064 shares of the industrial products company’s stock after buying an additional 1,228 shares during the period. Tower Research Capital LLC TRC’s holdings in Park-Ohio were worth $56,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Park-Ohio in the third quarter valued at about $87,000. Ritholtz Wealth Management bought a new stake in shares of Park-Ohio during the fourth quarter worth approximately $227,000. Bfsg LLC acquired a new position in Park-Ohio in the fourth quarter valued at approximately $232,000. Los Angeles Capital Management LLC bought a new position in Park-Ohio in the third quarter valued at approximately $1,197,000. Finally, Acadian Asset Management LLC grew its holdings in Park-Ohio by 70.6% during the 3rd quarter. Acadian Asset Management LLC now owns 219,837 shares of the industrial products company’s stock worth $4,373,000 after acquiring an additional 90,998 shares during the period. 51.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Park-Ohio Trading Up 2.0 %

Shares of Park-Ohio stock traded up $0.47 during trading on Monday, hitting $24.56. 17,663 shares of the company were exchanged, compared to its average volume of 23,724. The firm has a market capitalization of $321.00 million, a P/E ratio of 38.98 and a beta of 1.23. The firm’s fifty day moving average price is $25.27 and its 200 day moving average price is $24.80. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.27 and a quick ratio of 1.14. Park-Ohio Holdings Corp. has a 1-year low of $12.34 and a 1-year high of $28.79.

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

Park-Ohio Dividend Announcement

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

Insider Buying and Selling at Park-Ohio

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

Park-Ohio Company 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.