Insider Buying: Park-Ohio Holdings Corp. (NASDAQ:PKOH) Insider Purchases 7,581 Shares of Stock

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Park-Ohio Holdings Corp. (NASDAQ:PKOH) insider Edward F. Crawford bought 7,581 shares of the stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average cost of $30.84 per share, for a total transaction of $233,798.04. Following the completion of the acquisition, the insider now directly owns 1,510,295 shares of the company’s stock, valued at approximately $46,577,497.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of PKOH opened at $32.43 on Friday. Park-Ohio Holdings Corp. has a 12 month low of $28.01 and a 12 month high of $43.15. The company has a market cap of $397.15 million, a PE ratio of 7.21 and a beta of 2.38. The company has a current ratio of 2.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.83.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Monday, May 6th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The business had revenue of $420.10 million for the quarter, compared to analyst estimates of $420.00 million. Park-Ohio had a net margin of 3.29% and a return on equity of 17.19%. As a group, equities analysts predict that Park-Ohio Holdings Corp. will post 4.43 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.54%. Park-Ohio’s dividend payout ratio is 11.68%.

Several research analysts have recently commented on PKOH shares. Zacks Investment Research raised shares of Park-Ohio from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a report on Friday, March 8th. BidaskClub raised shares of Park-Ohio from a “strong sell” rating to a “sell” rating in a report on Thursday, April 4th. ValuEngine raised shares of Park-Ohio from a “strong sell” rating to a “sell” rating in a report on Monday, April 15th. Finally, TheStreet raised shares of Park-Ohio from a “c+” rating to a “b-” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its position in shares of Park-Ohio by 11.1% during the 4th quarter. Prudential Financial Inc. now owns 9,959 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 992 shares in the last quarter. Denali Advisors LLC boosted its position in shares of Park-Ohio by 1,878.2% during the 1st quarter. Denali Advisors LLC now owns 3,897 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 3,700 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Park-Ohio by 15.1% during the 4th quarter. Bank of New York Mellon Corp now owns 84,794 shares of the industrial products company’s stock worth $2,603,000 after acquiring an additional 11,100 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Park-Ohio by 0.5% during the 4th quarter. California Public Employees Retirement System now owns 68,369 shares of the industrial products company’s stock worth $2,098,000 after acquiring an additional 326 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Park-Ohio by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 896,556 shares of the industrial products company’s stock worth $27,515,000 after acquiring an additional 18,974 shares in the last quarter. Institutional investors and hedge funds own 53.62% of the company’s stock.

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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. The company's Supply Technologies segment offers Total Supply Management solution, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing, and ongoing technical support services, as well as provides spare parts and aftermarket products; and production components, including valves, fuel hose assemblies, electro-mechanical hardware, labels, fittings, steering components, and other products.

Further Reading: Sell-Side Analysts

Insider Buying and Selling by Quarter for Park-Ohio (NASDAQ:PKOH)

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