Park-Ohio (NASDAQ:PKOH) Director Sells $49,020.00 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Ronna Romney sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $24.51, for a total value of $49,020.00. Following the sale, the director owned 26,944 shares in the company, valued at approximately $660,397.44. The trade was a 6.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Park-Ohio Price Performance

PKOH stock opened at $23.86 on Thursday. Park-Ohio Holdings Corp. has a one year low of $15.52 and a one year high of $29.50. The firm has a 50-day moving average of $24.89 and a two-hundred day moving average of $22.27. The firm has a market capitalization of $343.58 million, a PE ratio of 13.95 and a beta of 1.11. The company has a current ratio of 2.33, a quick ratio of 1.18 and a debt-to-equity ratio of 1.62.

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

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 6th. Park-Ohio’s payout ratio is 29.24%.

Institutional Investors Weigh In On Park-Ohio

A number of institutional investors have recently modified their holdings of PKOH. Gamco Investors INC. ET AL increased its stake in shares of Park-Ohio by 14.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company’s stock worth $26,640,000 after acquiring an additional 156,890 shares during the last quarter. Private Management Group Inc. raised its holdings in shares of Park-Ohio by 1.4% during the third quarter. Private Management Group Inc. now owns 1,037,386 shares of the industrial products company’s stock worth $22,034,000 after acquiring an additional 14,222 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Park-Ohio by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 830,468 shares of the industrial products company’s stock valued at $17,390,000 after purchasing an additional 5,074 shares during the last quarter. Vanguard Group Inc. grew its stake in Park-Ohio by 0.8% in the third quarter. Vanguard Group Inc. now owns 528,699 shares of the industrial products company’s stock valued at $11,230,000 after purchasing an additional 3,967 shares in the last quarter. Finally, Gabelli Funds LLC grew its stake in Park-Ohio by 2.1% in the fourth quarter. Gabelli Funds LLC now owns 512,601 shares of the industrial products company’s stock valued at $10,734,000 after purchasing an additional 10,401 shares in the last quarter. Institutional investors and hedge funds own 51.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on PKOH shares. Wall Street Zen raised Park-Ohio from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. KeyCorp raised Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Park-Ohio in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Park-Ohio to a “hold” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.

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.