Howard Iv Hanna Sells 2,600 Shares of Park-Ohio (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Howard Iv Hanna sold 2,600 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $24.80, for a total value of $64,480.00. Following the transaction, the director owned 21,500 shares in the company, valued at $533,200. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Park-Ohio Trading Down 1.2%

NASDAQ PKOH opened at $23.58 on Friday. The company has a market cap of $339.53 million, a P/E ratio of 13.79 and a beta of 1.11. Park-Ohio Holdings Corp. has a 12 month low of $15.52 and a 12 month high of $29.50. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.33 and a quick ratio of 1.18. The company has a 50-day moving average of $24.93 and a 200-day moving average of $22.28.

Park-Ohio (NASDAQ:PKOH) last released its earnings results 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 company had revenue of $395.00 million during the quarter, compared to analysts’ expectations 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were given a $0.125 dividend. 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%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PKOH. Weiss Ratings reissued a “hold (c)” rating on shares of Park-Ohio in a research report on Thursday, January 22nd. Zacks Research upgraded Park-Ohio to a “hold” rating in a report on Monday, February 9th. KeyCorp raised Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a research note on Monday, February 9th. Finally, Wall Street Zen raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Park-Ohio presently has a consensus rating of “Hold” and a consensus price target of $37.00.

Institutional Investors Weigh In On Park-Ohio

A number of large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new stake in Park-Ohio in the third quarter valued at approximately $1,079,000. Private Management Group Inc. lifted its position in shares of Park-Ohio by 1.9% during the second quarter. Private Management Group Inc. now owns 1,023,164 shares of the industrial products company’s stock worth $18,274,000 after purchasing an additional 18,853 shares in the last quarter. Teton Advisors LLC acquired a new position in shares of Park-Ohio during the third quarter worth $3,313,000. Gamco Investors INC. ET AL boosted its stake in shares of Park-Ohio by 12.3% in the second quarter. Gamco Investors INC. ET AL now owns 1,083,270 shares of the industrial products company’s stock valued at $19,347,000 after purchasing an additional 118,393 shares during the period. Finally, Inspire Advisors LLC boosted its stake in shares of Park-Ohio by 35.9% in the second quarter. Inspire Advisors LLC now owns 19,565 shares of the industrial products company’s stock valued at $349,000 after purchasing an additional 5,170 shares during the period. Institutional investors and hedge funds 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.