Park-Ohio (NASDAQ:PKOH) Posts Earnings Results, Hits Expectations

Park-Ohio (NASDAQ:PKOH) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.65, Zacks reports. The business had revenue of $421.00 million during the quarter, compared to analyst estimates of $413.90 million. Park-Ohio had a return on equity of 10.13% and a net margin of 1.49%. Park-Ohio updated its FY 2026 guidance to 2.900-3.200 EPS.

Park-Ohio Trading Up 1.6%

NASDAQ:PKOH traded up $0.48 during trading hours on Thursday, reaching $30.72. 62,535 shares of the stock were exchanged, compared to its average volume of 34,708. The company has a quick ratio of 1.18, a current ratio of 2.33 and a debt-to-equity ratio of 1.62. The business has a 50-day moving average of $25.87 and a two-hundred day moving average of $23.48. Park-Ohio has a twelve month low of $15.52 and a twelve month high of $31.04. The company has a market capitalization of $442.28 million, a price-to-earnings ratio of 18.07 and a beta of 1.17.

Park-Ohio Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, May 1st. Park-Ohio’s dividend payout ratio is 29.24%.

Analysts Set New Price Targets

PKOH has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Park-Ohio in a research report on Tuesday, April 21st. KeyCorp upgraded Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a research report on Monday, February 9th. Zacks Research upgraded Park-Ohio to a “hold” rating in a research report on Monday, February 9th. Finally, Wall Street Zen upgraded Park-Ohio from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Park-Ohio currently has a consensus rating of “Hold” and a consensus target price of $37.00.

Insiders Place Their Bets

In other Park-Ohio news, Director Ronna Romney sold 2,000 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $24.51, for a total transaction of $49,020.00. Following the transaction, the director directly owned 26,944 shares in the company, valued at $660,397.44. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Howard W. Iv Hanna sold 2,600 shares of the company’s stock in a transaction 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 transaction, the director owned 21,500 shares in the company, valued at $533,200. This trade represents a 10.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,000 shares of company stock worth $173,620 over the last 90 days. 31.10% of the stock is owned by insiders.

Institutional Trading of Park-Ohio

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. raised its stake in shares of Park-Ohio by 4,446.0% in the fourth quarter. Osaic Holdings Inc. now owns 11,865 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 11,604 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Park-Ohio by 47.9% in the fourth quarter. Wells Fargo & Company MN now owns 10,902 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 3,531 shares in the last quarter. Deutsche Bank AG acquired a new stake in Park-Ohio in the fourth quarter valued at $128,000. Bank of America Corp DE raised its stake in Park-Ohio by 25.3% in the third quarter. Bank of America Corp DE now owns 6,048 shares of the industrial products company’s stock valued at $128,000 after buying an additional 1,222 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Park-Ohio by 19.6% in the third quarter. JPMorgan Chase & Co. now owns 14,561 shares of the industrial products company’s stock valued at $309,000 after buying an additional 2,386 shares in the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.

About Park-Ohio

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.