Park-Ohio (NASDAQ:PKOH) Director Howard Iv Hanna Sells 5,330 Shares

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Howard Iv Hanna sold 5,330 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $45.05, for a total value of $240,116.50. Following the completion of the transaction, the director owned 18,122 shares in the company, valued at $816,396.10. This represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Park-Ohio Trading Down 1.9%

NASDAQ PKOH opened at $44.82 on Tuesday. Park-Ohio Holdings Corp. has a 12 month low of $18.06 and a 12 month high of $53.30. The stock has a 50-day simple moving average of $40.29 and a 200 day simple moving average of $32.22. The company has a current ratio of 2.40, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $649.44 million, a PE ratio of 23.84, a P/E/G ratio of 1.20 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The company had revenue of $440.10 million during the quarter, compared to analysts’ expectations of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Research analysts forecast that Park-Ohio Holdings Corp. will post 3.19 EPS for the current year.

Park-Ohio Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, July 31st. Park-Ohio’s dividend payout ratio (DPR) is currently 26.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen raised Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 13th. KeyCorp increased their target price on Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $59.00.

Hedge Funds Weigh In On Park-Ohio

Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in shares of Park-Ohio in the second quarter valued at about $38,000. Tower Research Capital LLC TRC boosted its position in shares of Park-Ohio by 377.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after buying an additional 2,134 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Park-Ohio by 69.3% during the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock worth $55,000 after buying an additional 1,065 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Park-Ohio during the first quarter worth about $80,000. Finally, Russell Investments Group Ltd. raised its position in Park-Ohio by 73.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock valued at $83,000 after buying an additional 1,659 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.