Park-Ohio (NASDAQ:PKOH) Director Howard Iv Hanna Sells 5,330 Shares

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Howard Iv Hanna sold 5,330 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $45.05, for a total value of $240,116.50. Following the transaction, the director directly owned 18,122 shares of the company’s stock, valued at $816,396.10. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Park-Ohio Stock Down 1.9%

PKOH stock traded down $0.88 during mid-day trading on Monday, reaching $44.82. The company had a trading volume of 78,266 shares, compared to its average volume of 60,873. The company has a market capitalization of $649.44 million, a price-to-earnings ratio of 23.84, a PEG ratio of 1.20 and a beta of 1.18. Park-Ohio Holdings Corp. has a 52 week low of $18.06 and a 52 week high of $53.30. The stock has a 50 day simple moving average of $40.08 and a two-hundred day simple moving average of $32.07. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26.

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. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The company had revenue of $440.10 million during the quarter, compared to the consensus estimate of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. As a group, equities analysts predict that Park-Ohio Holdings Corp. will post 3.19 earnings per share for the current fiscal year.

Park-Ohio Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in Park-Ohio by 4.0% in the fourth quarter. AQR Capital Management LLC now owns 13,523 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Park-Ohio by 10.7% during the first 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. Rhumbline Advisers increased 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 buying an additional 589 shares during the period. Legal & General Group Plc bought a new position in Park-Ohio in the 2nd quarter valued at about $38,000. Finally, BNP Paribas Financial Markets raised its position in shares of Park-Ohio by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after buying an additional 1,065 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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