Park-Ohio (NASDAQ:PKOH) Director Sells $46,180.00 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James Wert sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $46.18, for a total value of $46,180.00. Following the sale, the director directly owned 95,456 shares in the company, valued at $4,408,158.08. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Park-Ohio Stock Up 1.5%

NASDAQ PKOH opened at $46.45 on Friday. The stock has a 50 day moving average price of $42.82 and a 200-day moving average price of $34.04. Park-Ohio Holdings Corp. has a one year low of $18.06 and a one year high of $53.30. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 2.40. The company has a market capitalization of $673.06 million, a P/E ratio of 24.71, a P/E/G ratio of 1.20 and a beta of 1.22.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.12. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. The company had revenue of $440.10 million for the quarter, compared to analysts’ expectations 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 3.22 EPS for the current fiscal year.

Park-Ohio Dividend Announcement

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

Analyst Upgrades and Downgrades

PKOH has been the subject of a number of analyst reports. 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 price objective on 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 Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 13th. 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 currently has an average rating of “Hold” and a consensus target price of $59.00.

Institutional Investors Weigh In On Park-Ohio

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc purchased a new stake in Park-Ohio in the second quarter worth $38,000. Tower Research Capital LLC TRC boosted its stake in shares of Park-Ohio by 377.7% during 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 purchasing an additional 2,134 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Park-Ohio by 69.3% during the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,065 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Park-Ohio in the first quarter worth about $80,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Park-Ohio by 73.4% in 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 last quarter. 51.38% of the stock is owned by institutional investors.

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.