Park-Ohio (NASDAQ:PKOH) Stock: Insider Robert Vilsack Sells 4,544 Shares

Park-Ohio Holdings Corp. (NASDAQ:PKOH) insider Robert Vilsack sold 4,544 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $45.58, for a total transaction of $207,115.52. Following the transaction, the insider directly owned 147,214 shares of the company’s stock, valued at $6,710,014.12. The trade was a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a 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 traded up $0.74 during midday trading on Friday, hitting $47.28. 13,709 shares of the company traded hands, compared to its average volume of 62,224. The stock has a market cap of $685.12 million, a price-to-earnings ratio of 25.22, a PEG ratio of 1.18 and a beta of 1.24. The firm has a 50 day moving average of $45.41 and a 200-day moving average of $36.12. 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 52 week low of $18.06 and a 52 week 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, topping the consensus estimate of $0.81 by $0.12. The firm had revenue of $440.10 million for the quarter, compared to analysts’ expectations of $425.57 million. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. On average, analysts forecast that Park-Ohio Holdings Corp. will post 3.26 EPS for the current fiscal year.

Park-Ohio Dividend Announcement

The company 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 $0.1250 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 presently 26.60%.

Hedge Funds Weigh In On Park-Ohio

Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in Park-Ohio during the second quarter valued at $38,000. Ancora Advisors LLC increased its stake in shares of Park-Ohio by 7,756.0% during the second quarter. Ancora Advisors LLC now owns 7,856 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 7,756 shares in the last quarter. Bank of America Corp DE raised its holdings 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 valued at $337,000 after acquiring an additional 2,805 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Park-Ohio in the 1st quarter valued at $344,000. Finally, Deutsche Bank AG purchased a new position in Park-Ohio in the 2nd quarter valued at $347,000. 51.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Park-Ohio Company Profile

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.