Howard Iv Hanna Sells 2,600 Shares of Park-Ohio (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Howard Iv Hanna sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $24.80, for a total value of $64,480.00. Following the completion of the transaction, the director owned 21,500 shares in the company, valued at $533,200. The trade was a 10.79% 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 PKOH stock traded down $0.51 during trading on Wednesday, hitting $24.29. The company’s stock had a trading volume of 6,612 shares, compared to its average volume of 27,326. The company has a current ratio of 2.33, a quick ratio of 1.18 and a debt-to-equity ratio of 1.62. The company has a market cap of $349.73 million, a PE ratio of 14.20 and a beta of 1.11. The business has a fifty day moving average of $24.84 and a 200-day moving average of $22.26. Park-Ohio Holdings Corp. has a 52 week low of $15.52 and a 52 week high of $29.50.

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

Park-Ohio Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, February 6th. Park-Ohio’s payout ratio is 29.24%.

Analyst Ratings Changes

A number of analysts recently issued reports on PKOH shares. KeyCorp upgraded shares of 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. Wall Street Zen raised shares of Park-Ohio from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Zacks Research upgraded shares of Park-Ohio to a “hold” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Park-Ohio in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.00.

Institutional Investors Weigh In On Park-Ohio

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its stake in Park-Ohio by 238.4% during 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 in the last quarter. BNP Paribas Financial Markets lifted its stake in Park-Ohio by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 1,065 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Park-Ohio by 377.7% in the 2nd 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 during the period. Jones Financial Companies Lllp bought a new position in Park-Ohio in the 1st quarter valued at $80,000. Finally, Russell Investments Group Ltd. grew its position in shares of Park-Ohio by 73.4% during 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. 51.38% of the stock is currently owned by institutional investors.

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.