Park-Ohio (NASDAQ:PKOH) Releases Earnings Results

Park-Ohio (NASDAQ:PKOH) announced its earnings results on Wednesday. The industrial products company reported $999.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $998.35, reports. Park-Ohio had a net margin of 1.49% and a return on equity of 10.13%. Park-Ohio updated its FY 2026 guidance to 2.900-3.200 EPS.

Park-Ohio Trading Up 2.4%

Shares of NASDAQ:PKOH traded up $0.70 during midday trading on Wednesday, hitting $30.24. The company had a trading volume of 72,972 shares, compared to its average volume of 55,234. The company has a current ratio of 2.33, a quick ratio of 1.18 and a debt-to-equity ratio of 1.62. Park-Ohio has a 12 month low of $15.52 and a 12 month high of $30.44. The firm has a fifty day simple moving average of $25.87 and a 200 day simple moving average of $23.48. The stock has a market cap of $435.46 million, a price-to-earnings ratio of 17.68 and a beta of 1.17.

Park-Ohio Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. Park-Ohio’s dividend payout ratio is 29.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PKOH. Zacks Research upgraded Park-Ohio to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Park-Ohio in a research report on Tuesday, April 21st. KeyCorp upgraded Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a report on Monday, February 9th. Finally, Wall Street Zen upgraded Park-Ohio from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.00.

Insider Transactions at Park-Ohio

In related news, Director Howard W. Iv Hanna sold 2,600 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $24.80, for a total value of $64,480.00. Following the sale, the director directly owned 21,500 shares in the company, valued at $533,200. This trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronna Romney sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $24.51, for a total transaction of $49,020.00. Following the transaction, the director owned 26,944 shares of the company’s stock, valued at approximately $660,397.44. This represents a 6.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,000 shares of company stock valued at $173,620 in the last quarter. 31.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Park-Ohio

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in 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 buying an additional 2,134 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of 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 worth $55,000 after acquiring an additional 1,065 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Park-Ohio in the first quarter worth about $80,000. Russell Investments Group Ltd. raised its position in shares of Park-Ohio by 73.4% during the third 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 during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Park-Ohio during the 2nd quarter valued at about $90,000. Institutional investors and hedge funds own 51.38% of the company’s stock.

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.