Insider Selling: Park-Ohio (NASDAQ:PKOH) Director Sells 5,330 Shares of Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Howard Iv Hanna sold 5,330 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $45.05, for a total value of $240,116.50. Following the transaction, the director owned 18,122 shares of the company’s stock, valued at $816,396.10. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Park-Ohio Trading Down 1.9%

Park-Ohio stock traded down $0.88 during midday trading on Monday, hitting $44.82. 78,266 shares of the stock were exchanged, compared to its average volume of 60,873. The company has a fifty day simple moving average of $40.08 and a two-hundred day simple moving average of $32.07. Park-Ohio Holdings Corp. has a 52 week low of $18.06 and a 52 week high of $53.30. The stock has a market capitalization of $649.44 million, a PE ratio of 23.84, a P/E/G ratio of 1.20 and a beta of 1.18. The company has a quick ratio of 1.26, a current ratio of 2.40 and a debt-to-equity ratio of 1.66.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.81 by $0.12. The firm had revenue of $440.10 million during 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. Equities research analysts anticipate that Park-Ohio Holdings Corp. will post 3.19 EPS for the current fiscal year.

Park-Ohio Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors 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 dividend payout ratio (DPR) is presently 26.60%.

Hedge Funds Weigh In On Park-Ohio

Several hedge funds have recently made changes to their positions in PKOH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Park-Ohio by 10.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 527 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Park-Ohio in the first quarter valued at $80,000. Geode Capital Management LLC increased its stake in Park-Ohio by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 220,439 shares of the industrial products company’s stock valued at $3,938,000 after buying an additional 9,656 shares during the last quarter. Rhumbline Advisers lifted its position in 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 buying an additional 589 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in 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 buying an additional 1,489 shares in the last quarter. 51.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.