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

Teton Advisors Inc. cut its holdings in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 6.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 162,000 shares of the industrial products company’s stock after selling 10,419 shares during the period. Park-Ohio makes up about 2.2% of Teton Advisors Inc.’s portfolio, making the stock its 7th largest holding. Teton Advisors Inc.’s holdings in Park-Ohio were worth $4,256,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Federated Hermes Inc. lifted its stake in Park-Ohio by 74.9% in the fourth quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company’s stock valued at $58,000 after buying an additional 944 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Park-Ohio by 105.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 1,669 shares during the last quarter. SG Americas Securities LLC acquired a new position in Park-Ohio during the 4th quarter valued at about $106,000. Wells Fargo & Company MN grew its position in Park-Ohio by 33.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Park-Ohio in the third quarter valued at approximately $242,000. Institutional investors own 51.38% of the company’s stock.

Park-Ohio Trading Down 1.7 %

NASDAQ:PKOH opened at $19.15 on Tuesday. Park-Ohio Holdings Corp. has a 1 year low of $18.23 and a 1 year high of $34.50. The business has a fifty day moving average of $22.62 and a 200-day moving average of $26.52. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.26 and a current ratio of 2.45. The stock has a market cap of $272.49 million, a price-to-earnings ratio of 15.32 and a beta of 1.10.

Park-Ohio Announces Dividend

The business also recently declared 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 dividend yield of 2.61%. Park-Ohio’s dividend payout ratio (DPR) is 20.49%.

Insider Transactions at Park-Ohio

In other news, Director Edward F. Crawford sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $21.63, for a total value of $486,675.00. Following the sale, the director now owns 766,273 shares of the company’s stock, valued at approximately $16,574,484.99. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 33.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Park-Ohio from a “buy” rating to a “hold” rating in a report on Thursday, March 13th.

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.