121,899 Shares in Park-Ohio Holdings Corp. $PKOH Bought by JB Capital Partners LP

JB Capital Partners LP bought a new stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 121,899 shares of the industrial products company’s stock, valued at approximately $4,672,389,000. Park-Ohio makes up 0.7% of JB Capital Partners LP’s investment portfolio, making the stock its 21st largest holding. JB Capital Partners LP owned about 0.84% of Park-Ohio at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CM Wealth Advisors LLC bought a new position in shares of Park-Ohio in the second quarter worth about $4,302,000. BlackRock Inc. bought a new position in shares of Park-Ohio during the 2nd quarter valued at approximately $28,189,000. Deutsche Bank AG bought a new position in shares of Park-Ohio during the 2nd quarter valued at approximately $347,000. Bank of New York Mellon Corp purchased a new stake in Park-Ohio in the 2nd quarter worth approximately $4,403,000. Finally, GSA Capital Partners LLP purchased a new stake in Park-Ohio in the 2nd quarter worth approximately $770,000. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Park-Ohio Stock Up 0.9%

NASDAQ PKOH opened at $45.70 on Friday. The stock’s 50 day moving average is $40.08 and its 200 day moving average is $32.01. The company has a current ratio of 2.40, a quick ratio of 1.26 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 stock has a market cap of $662.19 million, a PE ratio of 24.31, a P/E/G ratio of 1.18 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data 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. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. The business had revenue of $440.10 million during the quarter, compared to analyst estimates of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Research analysts predict that Park-Ohio Holdings Corp. will post 3.19 EPS for the current fiscal year.

Park-Ohio Announces Dividend

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

Insider Activity at Park-Ohio

In other news, insider Robert D. Vilsack sold 6,404 shares of Park-Ohio stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $38.45, for a total value of $246,233.80. Following the sale, the insider directly owned 186,539 shares of the company’s stock, valued at approximately $7,172,424.55. The trade was a 3.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 31.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

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