Park-Ohio (NASDAQ:PKOH) Insider Robert Vilsack Sells 6,497 Shares of Company Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) insider Robert Vilsack sold 6,497 shares of Park-Ohio stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $47.11, for a total value of $306,073.67. Following the sale, the insider directly owned 161,339 shares of the company’s stock, valued at $7,600,680.29. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Park-Ohio Stock Performance

NASDAQ:PKOH traded up $0.34 during midday trading on Thursday, hitting $46.54. The company’s stock had a trading volume of 113,562 shares, compared to its average volume of 62,513. Park-Ohio Holdings Corp. has a fifty-two week low of $18.06 and a fifty-two week high of $53.30. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26. The firm has a market cap of $674.36 million, a P/E ratio of 24.76, a P/E/G ratio of 1.20 and a beta of 1.22. The firm’s 50 day moving average is $45.24 and its 200-day moving average is $35.96.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data 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 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. Equities analysts anticipate that Park-Ohio Holdings Corp. will post 3.26 earnings per share for the current fiscal year.

Park-Ohio Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given 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 dividend payout ratio (DPR) is currently 26.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in 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 worth $20,121,000 after buying an additional 6,547 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Park-Ohio during the second quarter worth approximately $28,189,000. JB Capital Partners LP acquired a new position in Park-Ohio in the 2nd quarter valued at $4,672,389. Bank of New York Mellon Corp purchased a new position in Park-Ohio in the 2nd quarter valued at $4,403,000. Finally, CM Wealth Advisors LLC acquired a new stake in Park-Ohio during the 2nd quarter worth $4,302,000. 51.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen upgraded Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 13th. 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, Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $59.00.

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.