Balyasny Asset Management Has Cut Its Colgate (CL) Stake; 2 Analysts Bullish Park-Ohio Holdings Corp. (PKOH)

November 14, 2017 - By Maria Brooks

Among 4 analysts covering Park-Ohio Holdings Corp. (NASDAQ:PKOH), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Park-Ohio Holdings Corp. had 4 analyst reports since September 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, August 30 by Sidoti. The stock has “Sell” rating by Zacks on Tuesday, September 22. The company was maintained on Friday, September 15 by KeyBanc Capital Markets. See Park-Ohio Holdings Corp. (NASDAQ:PKOH) latest ratings:

05/10/2017 Broker: FBR Capital Rating: Hold
15/09/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $50.0 Maintain

Balyasny Asset Management Llc decreased Colgate (CL) stake by 25.69% reported in 2017Q2 SEC filing. Balyasny Asset Management Llc sold 92,396 shares as Colgate (CL)’s stock rose 3.95%. The Balyasny Asset Management Llc holds 267,302 shares with $19.82M value, down from 359,698 last quarter. Colgate now has $64.51B valuation. The stock declined 0.33% or $0.24 reaching $73.47 per share. About 540,061 shares traded. Colgate-Palmolive Company (NYSE:CL) has risen 6.23% since November 14, 2016 and is uptrending. It has underperformed by 10.47% the S&P500.

Analysts await Colgate-Palmolive Company (NYSE:CL) to report earnings on January, 26. They expect $0.75 EPS, 0.00% or $0.00 from last year’s $0.75 per share. CL’s profit will be $658.53 million for 24.49 P/E if the $0.75 EPS becomes a reality. After $0.73 actual EPS reported by Colgate-Palmolive Company for the previous quarter, Wall Street now forecasts 2.74% EPS growth.

Balyasny Asset Management Llc increased Autodesk Inc (NASDAQ:ADSK) stake by 313,355 shares to 475,109 valued at $47.90M in 2017Q2. It also upped Madison Square Garden Co/The stake by 7,105 shares and now owns 70,247 shares. Tripadvisor Inc (Put) (NASDAQ:TRIP) was raised too.

Among 24 analysts covering Colgate-Palmolive (NYSE:CL), 5 have Buy rating, 0 Sell and 19 Hold. Therefore 21% are positive. Colgate-Palmolive had 58 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, September 4 by Zacks. The firm has “Outperform” rating given on Friday, January 15 by BNP Paribas. The company was upgraded on Monday, September 25 by Morgan Stanley. The firm has “Neutral” rating given on Friday, July 31 by UBS. As per Tuesday, October 31, the company rating was maintained by Morgan Stanley. The rating was upgraded by BNP Paribas to “Outperform” on Monday, January 18. Goldman Sachs upgraded Colgate-Palmolive Company (NYSE:CL) rating on Monday, May 2. Goldman Sachs has “Neutral” rating and $75 target. The rating was initiated by Sterne Agee CRT on Tuesday, July 21 with “Buy”. The firm earned “Buy” rating on Wednesday, October 11 by SunTrust. The company was downgraded on Friday, July 29 by BNP Paribas.

Investors sentiment increased to 0.9 in Q2 2017. Its up 0.08, from 0.82 in 2017Q1. It is positive, as 47 investors sold CL shares while 453 reduced holdings. 92 funds opened positions while 359 raised stakes. 617.46 million shares or 0.79% less from 622.36 million shares in 2017Q1 were reported. Stephens Inc Ar invested in 65,080 shares or 0.17% of the stock. First Interstate National Bank & Trust owns 700 shares for 0.01% of their portfolio. Steinberg Asset Management owns 12,009 shares for 0.14% of their portfolio. The Texas-based Dimensional Fund Advsr Lp has invested 0.06% in Colgate-Palmolive Company (NYSE:CL). Invsts reported 0.1% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Washington Tru Commercial Bank accumulated 2,685 shares or 0.04% of the stock. Everett Harris Ca invested in 1.14M shares. Hendley & invested in 0.26% or 6,290 shares. 26,250 are held by Mark Sheptoff Planning Ltd Llc. 1St Glob Advsr stated it has 8,939 shares or 0.08% of all its holdings. Twin Tree Mgmt Lp accumulated 27,800 shares. Moreover, Folger Nolan Fleming Douglas Management has 0.13% invested in Colgate-Palmolive Company (NYSE:CL) for 11,447 shares. Spears Abacus Advsr Limited Liability Com stated it has 0.06% in Colgate-Palmolive Company (NYSE:CL). Savings Bank Of Nova Scotia Trust invested in 0.24% or 28,510 shares. Dumont & Blake Investment Advsrs Limited Liability has 0.09% invested in Colgate-Palmolive Company (NYSE:CL) for 2,833 shares.

Since May 15, 2017, it had 0 insider purchases, and 2 selling transactions for $1.35 million activity. Verduin Patricia sold $273,446 worth of stock or 3,833 shares. 14,000 shares were sold by Marsili Daniel B, worth $1.06 million. 34,000 Colgate-Palmolive Company (NYSE:CL) shares with value of $2.44 million were sold by Dolan Victoria L.

Since June 9, 2017, it had 0 insider purchases, and 1 insider sale for $77,486 activity. AULETTA PATRICK V had sold 2,010 shares worth $77,486 on Friday, June 9.

Park-Ohio Holdings Corp. is a diversified international firm providing supply chain management outsourcing services, capital equipment used on their production lines and manufactured components used to assemble its products. The company has market cap of $507.20 million. The Firm operates in three divisions: Supply Technologies, Assembly Components and Engineered Products. It has a 17.18 P/E ratio. Supply Technologies provides its clients with Total Supply Management, which manages every aspect of supplying production parts and materials to its customers’ manufacturing floor, from strategic planning to program implementation.

Investors sentiment decreased to 1.12 in 2017 Q2. Its down 0.34, from 1.46 in 2017Q1. It dropped, as 9 investors sold Park-Ohio Holdings Corp. shares while 33 reduced holdings. 14 funds opened positions while 33 raised stakes. 6.84 million shares or 1.12% less from 6.92 million shares in 2017Q1 were reported. Rhumbline Advisers holds 0% in Park-Ohio Holdings Corp. (NASDAQ:PKOH) or 10,831 shares. Northern Tru reported 0% of its portfolio in Park-Ohio Holdings Corp. (NASDAQ:PKOH). Monarch Ptnrs Asset Mgmt Limited accumulated 63,660 shares or 0.24% of the stock. Wedge Capital Mngmt L L P Nc has invested 0% of its portfolio in Park-Ohio Holdings Corp. (NASDAQ:PKOH). The Germany-based Deutsche National Bank Ag has invested 0% in Park-Ohio Holdings Corp. (NASDAQ:PKOH). Creative Planning, a Kansas-based fund reported 120 shares. Moreover, Panagora Asset Mgmt has 0% invested in Park-Ohio Holdings Corp. (NASDAQ:PKOH) for 8,030 shares. Amer Gp accumulated 5,468 shares. 2,056 were reported by Legal & General Grp Incorporated Public Ltd Co. Credit Suisse Ag holds 0% of its portfolio in Park-Ohio Holdings Corp. (NASDAQ:PKOH) for 5,954 shares. Citigroup holds 0% or 567 shares. Teton Incorporated has 171,400 shares for 0.64% of their portfolio. Millennium Limited Liability Com, New York-based fund reported 26,564 shares. Gamco Invsts Inc Et Al has invested 0.19% in Park-Ohio Holdings Corp. (NASDAQ:PKOH). Wells Fargo & Mn holds 0% of its portfolio in Park-Ohio Holdings Corp. (NASDAQ:PKOH) for 9,724 shares.

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