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

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James Wert sold 3,000 shares of the company’s stock in a transaction dated 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 directly owned 85,456 shares in the company, valued at $4,059,160. This represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Park-Ohio Stock Performance

NASDAQ:PKOH traded up $0.71 during trading hours on Thursday, hitting $47.52. 64,267 shares of the company were exchanged, compared to its average volume of 61,728. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26. Park-Ohio Holdings Corp. has a 52-week low of $18.06 and a 52-week high of $53.30. The stock has a market capitalization of $688.56 million, a price-to-earnings ratio of 25.28, a PEG ratio of 1.22 and a beta of 1.22. The company’s 50 day moving average price is $44.34 and its 200-day moving average price is $35.19.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.81 by $0.12. The business had revenue of $440.10 million during the quarter, compared to the consensus estimate 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. As a group, research analysts forecast that Park-Ohio Holdings Corp. will post 3.22 earnings per share for the current year.

Park-Ohio Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors 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 was Friday, July 31st. Park-Ohio’s dividend payout ratio (DPR) is currently 26.60%.

Wall Street Analysts Forecast Growth

PKOH has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 13th. KeyCorp raised 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. Finally, Weiss Ratings upgraded 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.00.

Institutional Trading of Park-Ohio

Several large investors have recently bought and sold shares of PKOH. Dimensional Fund Advisors LP increased its position in Park-Ohio by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock worth $20,121,000 after purchasing an additional 6,547 shares during the last quarter. BlackRock Inc. acquired a new position in Park-Ohio in the 2nd quarter valued at about $28,189,000. JB Capital Partners LP purchased a new stake in shares of Park-Ohio in the 2nd quarter valued at approximately $4,672,389. Bank of New York Mellon Corp purchased a new stake in shares of Park-Ohio in the 2nd quarter valued at approximately $4,403,000. Finally, CM Wealth Advisors LLC acquired a new stake in shares of Park-Ohio during the 2nd quarter worth approximately $4,302,000. Hedge funds and other institutional investors own 51.38% of the company’s stock.

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.