Insider Selling: Park-Ohio (NASDAQ:PKOH) Director Sells $92,540.00 in Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director James Wert sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $46.27, for a total transaction of $92,540.00. Following the completion of the sale, the director directly owned 93,456 shares in the company, valued at approximately $4,324,209.12. This trade represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Park-Ohio Stock Performance

Shares of NASDAQ:PKOH opened at $46.45 on Friday. The company has a market cap of $673.06 million, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22. The company has a 50-day moving average price of $42.82 and a 200-day moving average price of $34.04. The company has a current ratio of 2.40, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. 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 posted its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. The company had revenue of $440.10 million during the quarter, compared to analyst estimates of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. As a group, equities analysts anticipate that Park-Ohio Holdings Corp. will post 3.22 EPS for the current year.

Park-Ohio Announces Dividend

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

Institutional Investors Weigh In On Park-Ohio

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Park-Ohio by 10.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 527 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Park-Ohio in the 1st quarter worth about $80,000. Geode Capital Management LLC lifted its position in Park-Ohio by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 220,439 shares of the industrial products company’s stock valued at $3,938,000 after acquiring an additional 9,656 shares during the period. Rhumbline Advisers lifted its position in Park-Ohio by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock valued at $247,000 after acquiring an additional 589 shares during the period. Finally, First Trust Advisors LP boosted its stake in Park-Ohio by 5.6% during the second quarter. First Trust Advisors LP now owns 28,018 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 1,489 shares in the last quarter. 51.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Park-Ohio Company Profile

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.