Park-Ohio (NASDAQ:PKOH) Director Sells $60,362.75 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) Director Ronna Romney sold 2,975 shares of Park-Ohio stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $20.29, for a total value of $60,362.75. Following the sale, the director directly owned 28,944 shares in the company, valued at approximately $587,273.76. This trade represents a 9.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.Park-Ohio Stock PerformancePKOH traded up $0.47 during trading hours on Wednesday, hitting $21.11. The company's stock had a trading volume of 8,879 shares, compared to its average volume of 27,840. The company has a 50-day simple moving average of $20.30 and a 200 day simple moving average of $19.24. The company has a current ratio of 2.56, a quick ratio of 1.32 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $303.98 million, a PE ratio of 12.57 and a beta of 1.18. Park-Ohio Holdings Corp. has a fifty-two week low of $15.52 and a fifty-two week high of $32.80. Park-Ohio (NASDAQ:PKOH - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.18). The business had revenue of $398.60 million during the quarter, compared to the consensus estimate of $417.30 million. Park-Ohio had a return on equity of 10.53% and a net margin of 1.46%.Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS. Park-Ohio Announces DividendThe business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, November 14th. Park-Ohio's payout ratio is 29.76%. Institutional Trading of Park-OhioLarge investors have recently added to or reduced their stakes in the business. CWM LLC grew its holdings in shares of Park-Ohio by 238.4% in the 3rd quarter. CWM LLC now owns 1,215 shares of the industrial products company's stock worth $26,000 after acquiring an additional 856 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Park-Ohio by 377.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 2,134 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Park-Ohio by 14,282.4% in the 1st quarter. Russell Investments Group Ltd. now owns 2,445 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 2,428 shares during the period. BNP Paribas Financial Markets increased its stake in Park-Ohio by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company's stock worth $55,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in Park-Ohio during the 1st quarter worth about $80,000. 51.38% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast GrowthSeparately, Weiss Ratings reissued a "hold (c)" rating on shares of Park-Ohio in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".Read Our Latest Report on Park-OhioAbout Park-Ohio (Get Free Report)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.Further ReadingFive stocks we like better than Park-OhioWith Risk Tolerance, One Size Does Not Fit AllThe AI Boom Is Powering an Unexpected Stock Surge—And These 3 Companies Are Winning BigWhy Invest in High-Yield Dividend Stocks?The Bulls Are Back—Why Qualcomm Stock Is Gaining Strength AgainWhat Does Downgrade Mean in Investing?Netflix Goes All In: The $70B Play to End the Streaming WarsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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