Park-Ohio (NASDAQ:PKOH) Director James Wert Sells 1,000 Shares

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

Park-Ohio Stock Down 2.2%

PKOH stock opened at $45.78 on Friday. 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 firm has a market capitalization of $663.35 million, a P/E ratio of 24.35, a P/E/G ratio of 1.21 and a beta of 1.22. Park-Ohio Holdings Corp. has a 52-week low of $18.06 and a 52-week high of $53.30. The company’s 50 day simple moving average is $42.62 and its 200-day simple moving average is $33.96.

Park-Ohio (NASDAQ:PKOH) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.12. The company had revenue of $440.10 million for the quarter, compared to the consensus estimate of $425.57 million. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. As a group, equities research analysts anticipate that Park-Ohio Holdings Corp. will post 3.22 EPS for the current year.

Park-Ohio Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.125 per share. The ex-dividend date 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 presently 26.60%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. KeyCorp boosted their target price 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 raised Park-Ohio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 13th. One investment 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 presently has a consensus rating of “Hold” and an average price target of $59.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Park-Ohio during the second quarter worth approximately $28,189,000. Gamco Investors INC. ET AL increased its position in shares of Park-Ohio by 14.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company’s stock valued at $26,640,000 after purchasing an additional 156,890 shares during the period. JB Capital Partners LP acquired a new position in shares of Park-Ohio in the second quarter valued at $4,672,389. Bank of New York Mellon Corp bought a new position in Park-Ohio in the second quarter worth $4,403,000. Finally, CM Wealth Advisors LLC acquired a new stake in Park-Ohio during the second quarter worth $4,302,000. Institutional investors own 51.38% of the company’s stock.

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.