Park-Ohio (NASDAQ:PKOH) Stock: Insider Robert Vilsack Sells 9,000 Shares

Park-Ohio Holdings Corp. (NASDAQ:PKOH) insider Robert Vilsack sold 9,000 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $47.44, for a total value of $426,960.00. Following the completion of the transaction, the insider owned 167,836 shares of the company’s stock, valued at $7,962,139.84. This trade represents a 5.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Park-Ohio Stock Performance

PKOH traded down $1.01 on Wednesday, reaching $46.15. 126,513 shares of the stock were exchanged, compared to its average volume of 62,240. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26. The company’s 50-day moving average price is $45.09 and its 200 day moving average price is $35.81. The firm has a market capitalization of $668.71 million, a PE ratio of 24.55, a PEG ratio of 1.21 and a beta of 1.22. Park-Ohio Holdings Corp. has a fifty-two week low of $18.06 and a fifty-two week high of $53.30.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share 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 business had revenue of $440.10 million for the quarter, compared to analyst estimates of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. As a group, sell-side analysts forecast that Park-Ohio Holdings Corp. will post 3.26 EPS for the current fiscal year.

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.1250 per share. 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

Several large investors have recently made changes to their positions in the company. Legal & General Group Plc purchased a new stake in Park-Ohio during the second quarter worth $38,000. Ancora Advisors LLC raised its position in shares of Park-Ohio by 7,756.0% in the second quarter. Ancora Advisors LLC now owns 7,856 shares of the industrial products company’s stock worth $302,000 after acquiring an additional 7,756 shares during the period. Bank of America Corp DE boosted its stake in shares of Park-Ohio by 25.0% during the 1st quarter. Bank of America Corp DE now owns 14,033 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 2,805 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Park-Ohio during the 1st quarter valued at about $344,000. Finally, Deutsche Bank AG acquired a new stake in shares of Park-Ohio during the 2nd quarter valued at about $347,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented 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 raised their target price on shares of Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $59.00.

About Park-Ohio

Park-Ohio Holdings Corp. is a diversified manufacturing and supply-chain services company headquartered in Ohio. Through its operating businesses, the company supplies engineered components and manages the movement of materials and parts for original equipment manufacturers and other industrial customers.

Park-Ohio’s Supply Chain Management businesses provide outsourced manufacturing, sourcing, inventory management, logistics, packaging, and just-in-time delivery services. These operations help customers procure raw materials and component parts, coordinate production requirements, and deliver products to manufacturing facilities.

Its Diversified Manufacturing businesses produce a range of engineered products, including forged, machined, formed, molded, and assembled components.