Gabelli Funds LLC Buys 22,000 Shares of Park-Ohio Holdings Corp. $PKOH

Gabelli Funds LLC raised its stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 502,200 shares of the industrial products company’s stock after buying an additional 22,000 shares during the quarter. Gabelli Funds LLC owned about 3.49% of Park-Ohio worth $10,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Park-Ohio by 10.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after buying an additional 527 shares during the period. Rhumbline Advisers lifted its holdings in Park-Ohio by 4.4% during the second quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 589 shares in the last quarter. CWM LLC grew its stake in Park-Ohio by 238.4% in the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 856 shares during the period. First Trust Advisors LP increased its holdings in shares of Park-Ohio by 5.6% in 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. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Park-Ohio by 377.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 2,134 shares in the last quarter. 51.38% of the stock is owned by institutional investors.

Park-Ohio Stock Performance

Shares of Park-Ohio stock opened at $25.59 on Monday. 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 has a market cap of $368.50 million, a price-to-earnings ratio of 14.96 and a beta of 1.11. The stock’s 50-day moving average is $24.28 and its 200-day moving average is $22.00. Park-Ohio Holdings Corp. has a one year low of $15.52 and a one year high of $29.50.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, March 4th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Park-Ohio had a return on equity of 10.13% and a net margin of 1.49%.The firm had revenue of $395.00 million for the quarter, compared to the consensus estimate of $402.90 million. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS.

Park-Ohio Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were issued a $0.125 dividend. The ex-dividend date was Friday, February 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. Park-Ohio’s dividend payout ratio (DPR) is 29.24%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PKOH. 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 research note on Thursday, January 22nd. KeyCorp upgraded shares of Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a report on Monday, February 9th. Finally, Wall Street Zen raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a research note on Saturday. 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, Park-Ohio presently has an average rating of “Hold” and an average target price 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.