Private Management Group Inc. Decreases Holdings in Park-Ohio Holdings Corp. $PKOH

Private Management Group Inc. reduced its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 12.8% in the 2nd quarter, Holdings Channel reports. The firm owned 892,294 shares of the industrial products company’s stock after selling 130,709 shares during the quarter. Private Management Group Inc. owned 0.06% of Park-Ohio worth $34,309,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new position in shares of Park-Ohio during the second quarter worth about $38,000. Tower Research Capital LLC TRC grew its stake in shares of Park-Ohio by 377.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock valued at $48,000 after buying an additional 2,134 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 valued at $55,000 after buying an additional 1,065 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Park-Ohio during the 1st quarter valued at about $80,000. Finally, Russell Investments Group Ltd. raised its holdings 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 valued at $83,000 after buying an additional 1,659 shares during the period. 51.38% of the stock is owned by hedge funds and other institutional investors.

Park-Ohio Stock Down 3.4%

Shares of NASDAQ PKOH opened at $45.76 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 2.40. Park-Ohio Holdings Corp. has a 1 year low of $18.06 and a 1 year high of $53.30. The stock’s 50-day simple moving average is $41.15 and its 200-day simple moving average is $32.76. The firm has a market cap of $663.06 million, a price-to-earnings ratio of 24.34, a PEG ratio of 1.20 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The firm 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 anticipate that Park-Ohio Holdings Corp. will post 3.19 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

The firm also recently announced 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. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, July 31st. Park-Ohio’s dividend payout ratio is 26.60%.

Insider Buying and Selling

In other Park-Ohio news, insider Robert D. Vilsack sold 2,290 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $38.42, for a total transaction of $87,981.80. Following the transaction, the insider directly owned 184,249 shares in the company, valued at $7,078,846.58. This represents a 1.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Howard W. Iv Hanna sold 5,330 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $45.05, for a total transaction of $240,116.50. Following the transaction, the director owned 18,122 shares in the company, valued at $816,396.10. This trade represents a 22.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,024 shares of company stock valued at $574,332 in the last three months. Corporate insiders own 31.10% of the company’s stock.

Wall Street Analysts Forecast Growth

PKOH has been the subject of a number of analyst reports. Weiss Ratings upgraded Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. 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 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 note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $59.00.

Park-Ohio 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.