Ronna Romney Sells 2,000 Shares of Park-Ohio (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Ronna Romney sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $24.51, for a total value of $49,020.00. Following the transaction, the director directly owned 26,944 shares of the company’s stock, valued at $660,397.44. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Park-Ohio Stock Up 2.0%

Shares of NASDAQ:PKOH traded up $0.48 during mid-day trading on Monday, reaching $24.90. 54,054 shares of the stock were exchanged, compared to its average volume of 27,600. The company has a market cap of $358.56 million, a P/E ratio of 14.73 and a beta of 1.11. Park-Ohio Holdings Corp. has a one year low of $15.52 and a one year high of $29.50. The stock’s 50 day simple moving average is $24.69 and its 200-day simple moving average is $22.20. The company has a quick ratio of 1.18, a current ratio of 2.33 and a debt-to-equity ratio of 1.62.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, March 4th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The business had revenue of $395.00 million during the quarter, compared to analyst estimates of $402.90 million. Park-Ohio had a net margin of 1.49% and a return on equity of 10.13%. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS.

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, February 6th. Park-Ohio’s payout ratio is presently 29.24%.

Wall Street Analysts Forecast Growth

PKOH has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Park-Ohio in a research note on Thursday, January 22nd. Wall Street Zen upgraded Park-Ohio from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. KeyCorp raised Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price target for the company in a research report on Monday, February 9th. Finally, Zacks Research raised Park-Ohio to a “hold” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $37.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of Park-Ohio by 4.0% during the 4th quarter. AQR Capital Management LLC now owns 13,523 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 517 shares during the last quarter. Trexquant Investment LP acquired a new stake in Park-Ohio in the 4th quarter valued at about $313,000. Osaic Holdings Inc. grew its holdings in Park-Ohio by 4,446.0% during the fourth quarter. Osaic Holdings Inc. now owns 11,865 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 11,604 shares during the period. Barclays PLC grew its holdings in Park-Ohio by 11.6% during the fourth quarter. Barclays PLC now owns 15,828 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 1,640 shares during the period. Finally, State Street Corp increased its position in Park-Ohio by 8.0% during the fourth quarter. State Street Corp now owns 148,206 shares of the industrial products company’s stock worth $3,103,000 after buying an additional 11,036 shares during the last quarter. Institutional investors own 51.38% of the company’s stock.

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.