Insider Selling: Park-Ohio (NASDAQ:PKOH) Director Sells 2,000 Shares of Stock

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

Park-Ohio Price Performance

Shares of NASDAQ:PKOH traded down $1.03 during midday trading on Thursday, reaching $45.78. 77,405 shares of the company were exchanged, compared to its average volume of 62,031. The company has a current ratio of 2.40, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. The business’s fifty day moving average is $42.43 and its two-hundred day moving average is $33.82. Park-Ohio Holdings Corp. has a one year low of $18.06 and a one year high of $53.30. The stock has a market cap of $663.35 million, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.22.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. The company had revenue of $440.10 million for 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, analysts predict that Park-Ohio Holdings Corp. will post 3.22 earnings per share for the current year.

Park-Ohio Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Trading of Park-Ohio

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its position in Park-Ohio by 901.5% in the second quarter. California State Teachers Retirement System now owns 5,268 shares of the industrial products company’s stock worth $203,000 after buying an additional 4,742 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of Park-Ohio by 7,756.0% in the second quarter. Ancora Advisors LLC now owns 7,856 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 7,756 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Park-Ohio in the 2nd quarter worth about $549,000. Empowered Funds LLC purchased a new position in shares of Park-Ohio during the 2nd quarter worth about $438,000. Finally, Bank of America Corp DE purchased a new position in shares of Park-Ohio during the 2nd quarter worth about $347,000. Hedge funds and other institutional investors own 51.38% of the company’s stock.

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.