Park-Ohio (NASDAQ:PKOH) Stock: Insider Robert Vilsack Sells 9,000 Shares

Park-Ohio Holdings Corp. (NASDAQ:PKOH) insider Robert Vilsack sold 9,000 shares of the business’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $47.44, for a total transaction of $426,960.00. Following the completion of the sale, the insider directly owned 167,836 shares of the company’s stock, valued at approximately $7,962,139.84. The trade was a 5.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Park-Ohio Price Performance

NASDAQ:PKOH traded down $1.01 during trading hours on Wednesday, reaching $46.15. 126,513 shares of the company were exchanged, compared to its average volume of 62,240. 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 firm has a market cap of $668.71 million, a PE ratio of 24.55, a price-to-earnings-growth ratio of 1.21 and a beta of 1.22. Park-Ohio Holdings Corp. has a twelve month low of $18.06 and a twelve month high of $53.30. The stock’s 50-day moving average is $45.09 and its 200-day moving average is $35.81.

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 business had revenue of $440.10 million for the quarter, compared to analyst estimates 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. On average, sell-side analysts anticipate that Park-Ohio Holdings Corp. will post 3.26 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, July 31st. Park-Ohio’s payout ratio is 26.60%.

Analysts Set New Price Targets

PKOH has been the topic of several research reports. Wall Street Zen upgraded Park-Ohio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 13th. KeyCorp boosted their price target on Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $59.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PKOH. Dimensional Fund Advisors LP grew its position in shares of Park-Ohio by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock valued at $20,121,000 after purchasing an additional 6,547 shares in the last quarter. BlackRock Inc. purchased a new position in Park-Ohio during the second quarter worth approximately $28,189,000. JB Capital Partners LP acquired a new position in Park-Ohio during the second quarter worth $4,672,389. Bank of New York Mellon Corp acquired a new position in Park-Ohio during the second quarter worth $4,403,000. Finally, CM Wealth Advisors LLC purchased a new stake in Park-Ohio in the 2nd quarter valued at $4,302,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

About Park-Ohio

Park-Ohio Holdings Corp. is a diversified manufacturing and supply-chain services company headquartered in Ohio. Through its operating businesses, the company supplies engineered components and manages the movement of materials and parts for original equipment manufacturers and other industrial customers.

Park-Ohio’s Supply Chain Management businesses provide outsourced manufacturing, sourcing, inventory management, logistics, packaging, and just-in-time delivery services. These operations help customers procure raw materials and component parts, coordinate production requirements, and deliver products to manufacturing facilities.

Its Diversified Manufacturing businesses produce a range of engineered products, including forged, machined, formed, molded, and assembled components.