CM Wealth Advisors LLC Buys Shares of 111,892 Park-Ohio Holdings Corp. $PKOH

CM Wealth Advisors LLC purchased a new stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 111,892 shares of the industrial products company’s stock, valued at approximately $4,302,000. Park-Ohio makes up about 0.8% of CM Wealth Advisors LLC’s investment portfolio, making the stock its 11th largest holding. CM Wealth Advisors LLC owned 0.78% of Park-Ohio at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Park-Ohio during the 2nd quarter valued at $28,189,000. Deutsche Bank AG purchased a new position in shares of Park-Ohio in the second quarter valued at $347,000. Bank of New York Mellon Corp purchased a new position in Park-Ohio in the 2nd quarter valued at about $4,403,000. GSA Capital Partners LLP acquired a new stake in Park-Ohio during the 2nd quarter valued at approximately $770,000. Finally, Bank of America Corp DE grew 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 worth $337,000 after buying an additional 2,805 shares in the last quarter. 51.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Park-Ohio news, insider Robert D. Vilsack sold 2,290 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $38.42, for a total transaction of $87,981.80. Following the completion of the sale, the insider directly owned 184,249 shares of the company’s stock, valued at approximately $7,078,846.58. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 31.10% of the company’s stock.

Park-Ohio Stock Performance

Shares of PKOH opened at $46.22 on Thursday. 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’s 50 day moving average is $39.63 and its 200-day moving average is $31.76. Park-Ohio Holdings Corp. has a 12-month low of $18.06 and a 12-month high of $53.30. The stock has a market capitalization of $669.73 million, a P/E ratio of 24.59, a P/E/G ratio of 1.24 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last released 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 business had revenue of $440.10 million during the quarter, compared to analyst estimates 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, July 31st. Park-Ohio’s payout ratio is presently 26.60%.

Wall Street Analyst Weigh In

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

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.