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

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

Park-Ohio Price Performance

Shares of PKOH stock traded up $0.34 during trading hours on Thursday, reaching $46.54. The company had a trading volume of 113,562 shares, compared to its average volume of 62,513. The stock has a fifty day moving average of $45.24 and a 200-day moving average of $35.96. The company has a market capitalization of $674.36 million, a price-to-earnings ratio of 24.76, a PEG ratio of 1.20 and a beta of 1.22. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 2.40. 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 earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.12. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The company had revenue of $440.10 million during the quarter, compared to analysts’ expectations of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. On average, equities analysts anticipate that Park-Ohio Holdings Corp. will post 3.26 earnings per share for the current year.

Park-Ohio Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $0.1250 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. Park-Ohio’s dividend payout ratio is currently 26.60%.

Analysts Set New Price Targets

A number of equities analysts have commented on PKOH shares. KeyCorp lifted their target price 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. 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. Finally, Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. One 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.com, Park-Ohio has an average rating of “Hold” and an average target price of $59.00.

Hedge Funds Weigh In On Park-Ohio

Several large investors have recently modified their holdings of PKOH. Legal & General Group Plc purchased a new position in shares of Park-Ohio during the 2nd quarter worth $38,000. Ancora Advisors LLC purchased a new stake in Park-Ohio in the 2nd quarter valued at about $302,000. Deutsche Bank AG acquired a new position in Park-Ohio in the second quarter valued at about $347,000. Bank of America Corp DE acquired a new position in Park-Ohio in the second quarter valued at about $347,000. Finally, Empowered Funds LLC purchased a new position in Park-Ohio during the second quarter worth about $438,000. Institutional investors and hedge funds 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.