James Wert Sells 2,000 Shares of Park-Ohio (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James Wert sold 2,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $46.27, for a total transaction of $92,540.00. Following the completion of the sale, the director owned 93,456 shares in the company, valued at $4,324,209.12. This represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Park-Ohio Price Performance

PKOH stock opened at $46.45 on Friday. Park-Ohio Holdings Corp. has a 52 week low of $18.06 and a 52 week high of $53.30. The company has a quick ratio of 1.26, a current ratio of 2.40 and a debt-to-equity ratio of 1.66. The company has a fifty day simple moving average of $42.82 and a two-hundred day simple moving average of $34.04. The firm has a market capitalization of $673.06 million, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.22.

Park-Ohio (NASDAQ:PKOH) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The firm 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. Analysts anticipate that Park-Ohio Holdings Corp. will post 3.22 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

The business 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 $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, July 31st. Park-Ohio’s payout ratio is presently 26.60%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. JB Capital Partners LP lifted its holdings in Park-Ohio by 52.9% during the 4th quarter. JB Capital Partners LP now owns 117,599 shares of the industrial products company’s stock valued at $2,451,000 after buying an additional 40,700 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Park-Ohio by 14.1% in the 4th 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 buying an additional 156,890 shares during the period. BlackRock Inc. bought a new position in Park-Ohio in the 2nd quarter worth about $28,189,000. Bank of New York Mellon Corp bought a new position in Park-Ohio in the 2nd quarter worth about $4,403,000. Finally, CM Wealth Advisors LLC purchased a new position in shares of Park-Ohio during the second quarter worth approximately $4,302,000. 51.38% of the stock is currently owned by institutional investors.

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.