Insider Selling: Park-Ohio (NASDAQ:PKOH) Insider Sells $298,821.60 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) insider Robert Vilsack sold 6,468 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $46.20, for a total transaction of $298,821.60. Following the sale, the insider owned 153,699 shares of the company’s stock, valued at $7,100,893.80. This trade represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 stock traded up $0.34 during midday trading on Thursday, reaching $46.54. 113,562 shares of the company’s stock traded hands, compared to its average volume of 62,513. 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 52-week low of $18.06 and a 52-week high of $53.30. The stock has a market cap of $674.36 million, a P/E ratio of 24.76, a PEG ratio of 1.20 and a beta of 1.22. The stock’s 50-day moving average is $45.24 and its 200 day moving average is $35.96.

Park-Ohio (NASDAQ:PKOH) last issued 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 business 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, analysts anticipate that Park-Ohio Holdings Corp. will post 3.26 EPS for the current year.

Park-Ohio Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were given a dividend of $0.1250 per share. The ex-dividend date was Friday, July 31st. This represents a $0.50 annualized dividend and a yield of 1.1%. Park-Ohio’s payout ratio is 26.60%.

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 research report on Thursday, July 30th. KeyCorp lifted their price objective on Park-Ohio from $45.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $59.00.

Institutional Investors Weigh In On Park-Ohio

A number of hedge funds have recently made changes to their positions in PKOH. BlackRock Inc. bought a new position in Park-Ohio during the second quarter valued at approximately $28,189,000. JB Capital Partners LP bought a new stake in Park-Ohio in the 2nd quarter worth approximately $4,672,389. Bank of New York Mellon Corp bought a new stake in Park-Ohio in the 2nd quarter worth approximately $4,403,000. CM Wealth Advisors LLC purchased a new stake in shares of Park-Ohio during the 2nd quarter worth approximately $4,302,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Park-Ohio during the 2nd quarter worth approximately $2,235,000. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

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.