Inspire Advisors LLC Has $349,000 Stake in Park-Ohio Holdings Corp. $PKOH

Inspire Advisors LLC raised its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 35.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,565 shares of the industrial products company’s stock after acquiring an additional 5,170 shares during the period. Inspire Advisors LLC’s holdings in Park-Ohio were worth $349,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PKOH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Park-Ohio by 10.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 527 shares during the period. Trexquant Investment LP boosted its stake in Park-Ohio by 5.8% during the first quarter. Trexquant Investment LP now owns 12,219 shares of the industrial products company’s stock worth $264,000 after buying an additional 673 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Park-Ohio by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,831 shares of the industrial products company’s stock valued at $580,000 after purchasing an additional 1,385 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Park-Ohio by 14,282.4% during the first quarter. Russell Investments Group Ltd. now owns 2,445 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 2,428 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Park-Ohio by 10.6% in the first quarter. Victory Capital Management Inc. now owns 26,000 shares of the industrial products company’s stock valued at $562,000 after buying an additional 2,500 shares in the last quarter. 51.38% of the stock is owned by institutional investors.

Park-Ohio Stock Up 1.6%

Shares of PKOH opened at $19.04 on Thursday. The company has a market cap of $274.25 million, a PE ratio of 9.38 and a beta of 1.43. Park-Ohio Holdings Corp. has a 52-week low of $15.52 and a 52-week high of $33.63. The company has a quick ratio of 1.33, a current ratio of 2.60 and a debt-to-equity ratio of 1.75. The business has a fifty day moving average of $20.53 and a 200 day moving average of $19.22.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). The business had revenue of $398.60 million for the quarter, compared to analyst estimates of $417.30 million. Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Park-Ohio Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, November 14th. Park-Ohio’s payout ratio is 29.76%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Park-Ohio in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Park-Ohio currently has an average rating of “Hold”.

Park-Ohio Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.