Howard Iv Hanna Sells 2,400 Shares of Park-Ohio (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Howard Iv Hanna sold 2,400 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $25.05, for a total value of $60,120.00. Following the completion of the transaction, the director directly owned 24,100 shares in the company, valued at $603,705. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Park-Ohio Stock Performance

Shares of Park-Ohio stock traded down $0.51 on Wednesday, reaching $24.29. 6,612 shares of the stock were exchanged, compared to its average volume of 27,326. The business has a 50 day moving average price of $24.84 and a two-hundred day moving average price of $22.26. The firm has a market capitalization of $349.73 million, a price-to-earnings ratio of 14.20 and a beta of 1.11. Park-Ohio Holdings Corp. has a twelve month low of $15.52 and a twelve month high of $29.50. 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 issued its quarterly earnings results on Wednesday, March 4th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.09). Park-Ohio had a return on equity of 10.13% and a net margin of 1.49%.The business had revenue of $395.00 million during the quarter, compared to analyst estimates of $402.90 million. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS.

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, February 6th. Park-Ohio’s dividend payout ratio (DPR) is 29.24%.

Institutional Trading of Park-Ohio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in Park-Ohio by 4.0% in the 4th quarter. AQR Capital Management LLC now owns 13,523 shares of the industrial products company’s stock worth $283,000 after buying an additional 517 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Park-Ohio by 10.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 527 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Park-Ohio by 4.4% in the second quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 589 shares in the last quarter. CWM LLC boosted its stake in shares of Park-Ohio by 238.4% in the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 856 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted 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 worth $55,000 after acquiring an additional 1,065 shares during the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PKOH. Zacks Research raised Park-Ohio to a “hold” rating in a research report on Monday, February 9th. Wall Street Zen raised Park-Ohio from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Park-Ohio in a report on Thursday, January 22nd. Finally, KeyCorp upgraded 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. One equities 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 presently has a consensus rating of “Hold” and a consensus price target of $37.00.

Park-Ohio Company 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.