Park-Ohio (NASDAQ:PKOH) Director Sells $64,480.00 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Howard Iv Hanna sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $24.80, for a total value of $64,480.00. Following the completion of the sale, the director directly owned 21,500 shares in the company, valued at approximately $533,200. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Park-Ohio Trading Down 0.9%

Park-Ohio stock opened at $23.37 on Friday. Park-Ohio Holdings Corp. has a 12 month low of $15.52 and a 12 month high of $29.50. The company has a market capitalization of $336.53 million, a price-to-earnings ratio of 13.67 and a beta of 1.11. The business’s fifty day simple moving average is $24.95 and its two-hundred day simple moving average is $22.30. The company has a current ratio of 2.33, a quick ratio of 1.18 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). The company had revenue of $395.00 million for the quarter, compared to the consensus estimate 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. Shareholders of record on Friday, February 6th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $0.50 annualized dividend and a yield of 2.1%. Park-Ohio’s payout ratio is 29.24%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PKOH shares. Zacks Research raised shares of Park-Ohio to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Park-Ohio in a research note on Thursday, January 22nd. 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 note on Monday, February 9th. Finally, Wall Street Zen raised Park-Ohio from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $37.00.

Institutional Investors Weigh In On Park-Ohio

Large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new position in shares of Park-Ohio in the 3rd quarter worth $1,079,000. Private Management Group Inc. increased its position in 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 valued at $18,274,000 after acquiring an additional 18,853 shares during the last quarter. Teton Advisors LLC bought a new position in Park-Ohio in the third quarter valued at about $3,313,000. Gamco Investors INC. ET AL lifted its holdings in 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 acquiring an additional 118,393 shares during the period. Finally, Inspire Advisors LLC boosted its position in Park-Ohio by 35.9% in the second quarter. Inspire Advisors LLC now owns 19,565 shares of the industrial products company’s stock worth $349,000 after purchasing an additional 5,170 shares during the last quarter. 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.