Park-Ohio (NASDAQ:PKOH) Director James Wert Sells 3,000 Shares of Company Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James Wert sold 3,000 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $47.50, for a total value of $142,500.00. Following the transaction, the director owned 85,456 shares of the company’s stock, valued at $4,059,160. This represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Park-Ohio Price Performance

PKOH traded up $0.71 during trading hours on Thursday, hitting $47.52. The company’s stock had a trading volume of 64,267 shares, compared to its average volume of 61,728. The stock has a market cap of $688.56 million, a price-to-earnings ratio of 25.28, a P/E/G ratio of 1.22 and a beta of 1.22. The business’s 50-day moving average price is $44.34 and its 200-day moving average price is $35.19. The company has a current ratio of 2.40, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. Park-Ohio Holdings Corp. has a 12 month low of $18.06 and a 12 month high of $53.30.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. The business had revenue of $440.10 million during the quarter, compared to analysts’ expectations 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. Sell-side analysts expect that Park-Ohio Holdings Corp. will post 3.22 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a dividend of $0.1250 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 payout ratio is presently 26.60%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Park-Ohio

Several hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc purchased a new position in Park-Ohio in the second quarter valued at about $38,000. Bank of America Corp DE lifted its position in shares of Park-Ohio by 25.0% during 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 buying an additional 2,805 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Park-Ohio by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock valued at $20,121,000 after buying an additional 6,547 shares in the last quarter. Ancora Advisors LLC boosted its holdings in shares of Park-Ohio by 7,756.0% in the 2nd quarter. Ancora Advisors LLC now owns 7,856 shares of the industrial products company’s stock valued at $302,000 after buying an additional 7,756 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Park-Ohio in the 2nd quarter worth approximately $347,000. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

About Park-Ohio

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.