Park-Ohio (NASDAQ:PKOH) Director James Wert Sells 2,000 Shares

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James Wert sold 2,000 shares of Park-Ohio stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $46.27, for a total value of $92,540.00. Following the completion of the transaction, the director directly owned 93,456 shares in the company, valued at $4,324,209.12. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Park-Ohio Trading Down 2.2%

NASDAQ:PKOH opened at $45.78 on Friday. The stock has a market cap of $663.35 million, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.22. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 2.40. The business’s 50-day simple moving average is $42.62 and its 200 day simple moving average is $33.96. Park-Ohio Holdings Corp. has a one year low of $18.06 and a one year high of $53.30.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. The business had revenue of $440.10 million for the quarter, compared to analyst estimates 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. As a group, sell-side analysts predict that Park-Ohio Holdings Corp. will post 3.22 earnings per share for the current fiscal year.

Park-Ohio Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. Park-Ohio’s dividend payout ratio (DPR) is currently 26.60%.

Hedge Funds Weigh In On Park-Ohio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Park-Ohio by 10.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after buying an additional 527 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Park-Ohio during the first quarter worth about $80,000. Geode Capital Management LLC raised its position in Park-Ohio by 4.6% in the second quarter. Geode Capital Management LLC now owns 220,439 shares of the industrial products company’s stock worth $3,938,000 after acquiring an additional 9,656 shares in the last quarter. Rhumbline Advisers lifted its holdings in Park-Ohio by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 589 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Park-Ohio by 5.6% during the 2nd quarter. First Trust Advisors LP now owns 28,018 shares of the industrial products company’s stock valued at $500,000 after purchasing an additional 1,489 shares in the last quarter. 51.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on PKOH. KeyCorp raised their price target on Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Wall Street Zen raised shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $59.00.

About Park-Ohio

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.