Park-Ohio (NASDAQ:PKOH) Posts Quarterly Earnings Results, Meets Expectations

Park-Ohio (NASDAQ:PKOH) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65, Zacks reports. Park-Ohio had a net margin of 1.46% and a return on equity of 9.94%. The firm had revenue of $421.00 million during the quarter, compared to analysts’ expectations of $413.90 million. Park-Ohio updated its FY 2026 guidance to 2.900-3.200 EPS.

Park-Ohio Trading Up 1.7%

Shares of Park-Ohio stock traded up $0.54 during trading on Friday, hitting $31.38. 48,345 shares of the company were exchanged, compared to its average volume of 36,062. The firm has a market capitalization of $451.84 million, a P/E ratio of 18.54 and a beta of 1.17. Park-Ohio has a 1-year low of $15.52 and a 1-year high of $31.67. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.33 and a quick ratio of 1.18. The firm’s fifty day moving average price is $25.96 and its 200 day moving average price is $23.55.

Park-Ohio Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. Park-Ohio’s payout ratio is currently 29.24%.

Insider Activity at Park-Ohio

In other Park-Ohio news, Director Howard W. Iv Hanna sold 2,600 shares of Park-Ohio stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $24.80, for a total value of $64,480.00. Following the sale, the director directly owned 21,500 shares in the company, valued at approximately $533,200. The trade was a 10.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronna Romney sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $24.51, for a total value of $49,020.00. Following the sale, the director owned 26,944 shares in the company, valued at approximately $660,397.44. This represents a 6.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,000 shares of company stock worth $173,620 in the last 90 days. Company insiders own 31.10% of the company’s stock.

Institutional Trading of Park-Ohio

Several hedge funds and other institutional investors have recently modified their holdings of PKOH. BNP Paribas Financial Markets grew its position in Park-Ohio by 69.3% during the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock worth $55,000 after buying an additional 1,065 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Park-Ohio by 377.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 2,134 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Park-Ohio during the first quarter worth $80,000. Russell Investments Group Ltd. boosted its holdings in shares of Park-Ohio by 73.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Park-Ohio in the 2nd quarter valued at $90,000. Institutional investors own 51.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. KeyCorp raised Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective for the company in a report on Monday, February 9th. Zacks Research upgraded Park-Ohio to a “hold” rating in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Park-Ohio in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.00.

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.