Manatuck Hill Partners LLC Makes New Investment in Park-Ohio Holdings Corp. $PKOH

Manatuck Hill Partners LLC acquired a new position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,984 shares of the industrial products company’s stock, valued at approximately $1,268,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PKOH. Legal & General Group Plc acquired a new position in Park-Ohio during the second quarter valued at approximately $38,000. BNP Paribas Financial Markets grew its stake in Park-Ohio by 69.3% in the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,065 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Park-Ohio by 377.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 2,134 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Park-Ohio during the 1st quarter worth approximately $80,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Park-Ohio by 73.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,659 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

Wall Street Analysts Forecast Growth

PKOH has been the subject of several analyst reports. Wall Street Zen raised shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Finally, KeyCorp lifted their price objective on shares of Park-Ohio from $45.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Park-Ohio presently has a consensus rating of “Hold” and a consensus price target of $59.00.

Insider Activity at Park-Ohio

In other news, insider Robert D. Vilsack sold 6,404 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $38.45, for a total transaction of $246,233.80. Following the transaction, the insider owned 186,539 shares in the company, valued at approximately $7,172,424.55. This trade represents a 3.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Howard W. Iv Hanna sold 5,330 shares of Park-Ohio stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $45.05, for a total value of $240,116.50. Following the sale, the director directly owned 18,122 shares of the company’s stock, valued at approximately $816,396.10. The trade was a 22.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 14,024 shares of company stock worth $574,332 in the last ninety days. 31.10% of the stock is owned by company insiders.

Park-Ohio Stock Performance

PKOH opened at $45.08 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 2.40 and a debt-to-equity ratio of 1.66. Park-Ohio Holdings Corp. has a 12-month low of $18.06 and a 12-month high of $53.30. The business has a 50 day moving average of $40.50 and a 200-day moving average of $32.36. The stock has a market cap of $653.21 million, a price-to-earnings ratio of 23.98, a PEG ratio of 1.17 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.81 by $0.12. The firm had revenue of $440.10 million for the quarter, compared to the consensus estimate of $425.57 million. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. On average, equities research analysts expect that Park-Ohio Holdings Corp. will post 3.19 earnings per share for the current year.

Park-Ohio Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. Park-Ohio’s dividend payout ratio is presently 26.60%.

Park-Ohio Company Profile

Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications.

The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components.