Gabelli Funds LLC Buys 22,000 Shares of Park-Ohio Holdings Corp. $PKOH

Gabelli Funds LLC lifted its stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 502,200 shares of the industrial products company’s stock after acquiring an additional 22,000 shares during the quarter. Gabelli Funds LLC’s holdings in Park-Ohio were worth $10,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Park-Ohio by 10.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 527 shares during the last quarter. Rhumbline Advisers increased its position in shares of Park-Ohio by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 589 shares during the last quarter. CWM LLC increased its position in shares of Park-Ohio by 238.4% during the 3rd quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 856 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Park-Ohio by 5.6% during the 2nd quarter. First Trust Advisors LP now owns 28,018 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Park-Ohio by 377.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 2,134 shares in the last quarter. Institutional investors own 51.38% of the company’s stock.

Park-Ohio Stock Performance

PKOH opened at $25.59 on Monday. The company has a quick ratio of 1.18, a current ratio of 2.33 and a debt-to-equity ratio of 1.62. Park-Ohio Holdings Corp. has a 12-month low of $15.52 and a 12-month high of $29.50. The business has a 50 day moving average of $24.28 and a 200-day moving average of $22.00. The stock has a market cap of $368.50 million, a price-to-earnings ratio of 14.96 and a beta of 1.11.

Park-Ohio (NASDAQ:PKOH) last posted its earnings results on Wednesday, March 4th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Park-Ohio had a return on equity of 10.13% and a net margin of 1.49%.The business had revenue of $395.00 million for the quarter, compared to analyst estimates of $402.90 million. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS.

Park-Ohio Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, February 6th. Park-Ohio’s payout ratio is 29.24%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PKOH shares. KeyCorp raised shares of Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Monday, February 9th. 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. Finally, Wall Street Zen raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.00.

Park-Ohio 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.