James Wert Sells 1,000 Shares of Park-Ohio (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James Wert sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $46.18, for a total value of $46,180.00. Following the sale, the director owned 95,456 shares in the company, valued at approximately $4,408,158.08. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Park-Ohio Stock Performance

Shares of PKOH opened at $46.45 on Friday. The company has a 50-day moving average of $42.82 and a two-hundred day moving average of $34.04. The stock has a market cap of $673.06 million, a price-to-earnings ratio of 24.71, a PEG ratio of 1.19 and a beta of 1.22. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26. Park-Ohio Holdings Corp. has a one year low of $18.06 and a one year high of $53.30.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts expect that Park-Ohio Holdings Corp. will post 3.22 earnings per share for the current year.

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.125 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. Park-Ohio’s dividend payout ratio is presently 26.60%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Park-Ohio

Several institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc purchased a new stake in shares of Park-Ohio during the second quarter worth $38,000. Tower Research Capital LLC TRC increased its holdings in Park-Ohio by 377.7% in 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 last quarter. BNP Paribas Financial Markets raised its position in 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 valued at $55,000 after acquiring an additional 1,065 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Park-Ohio during the first quarter valued at approximately $80,000. Finally, Russell Investments Group Ltd. lifted its stake in Park-Ohio by 73.4% in the third quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock valued at $83,000 after acquiring an additional 1,659 shares during the last quarter. 51.38% of the stock is currently owned by hedge funds and other 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.