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 firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $46.50, for a total transaction of $46,500.00. Following the completion of the transaction, the director owned 89,456 shares in the company, valued at approximately $4,159,704. The trade was a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Park-Ohio Stock Performance

Shares of PKOH stock opened at $47.17 on Wednesday. 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 business has a 50 day moving average of $44.15 and a two-hundred day moving average of $35.06. The company has a market cap of $683.49 million, a P/E ratio of 25.09, a PEG ratio of 1.19 and a beta of 1.22. Park-Ohio Holdings Corp. has a 52 week low of $18.06 and a 52 week high of $53.30.

Park-Ohio (NASDAQ:PKOH) last posted its 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 company had revenue of $440.10 million for the quarter, compared to analysts’ expectations of $425.57 million. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. As a group, analysts anticipate that Park-Ohio Holdings Corp. will post 3.22 EPS for the current year.

Park-Ohio Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.50 annualized dividend and a yield of 1.1%. Park-Ohio’s dividend payout ratio (DPR) is presently 26.60%.

Analysts Set New Price Targets

PKOH has been the subject of several research analyst reports. Weiss Ratings upgraded Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. KeyCorp raised their price objective on shares of Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Park-Ohio has a consensus rating of “Hold” and an average price target of $59.00.

Hedge Funds Weigh In On Park-Ohio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in shares of Park-Ohio in the 2nd quarter valued at about $38,000. Bank of America Corp DE increased its stake in Park-Ohio by 25.0% in the first quarter. Bank of America Corp DE now owns 14,033 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 2,805 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Park-Ohio by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock worth $20,121,000 after purchasing an additional 6,547 shares during the period. Ancora Advisors LLC boosted its position in shares of Park-Ohio by 7,756.0% during the second quarter. Ancora Advisors LLC now owns 7,856 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 7,756 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Park-Ohio in the 2nd quarter valued at $347,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. is a diversified manufacturing and supply-chain services company headquartered in Ohio. Through its operating businesses, the company supplies engineered components and manages the movement of materials and parts for original equipment manufacturers and other industrial customers.

Park-Ohio’s Supply Chain Management businesses provide outsourced manufacturing, sourcing, inventory management, logistics, packaging, and just-in-time delivery services. These operations help customers procure raw materials and component parts, coordinate production requirements, and deliver products to manufacturing facilities.

Its Diversified Manufacturing businesses produce a range of engineered products, including forged, machined, formed, molded, and assembled components.