Howard Iv Hanna Sells 5,330 Shares of Park-Ohio (NASDAQ:PKOH) Stock

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Director Howard Iv Hanna sold 5,330 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $45.05, for a total transaction of $240,116.50. Following the transaction, the director directly owned 18,122 shares in the company, valued at approximately $816,396.10. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Park-Ohio Stock Up 0.6%

PKOH stock opened at $45.08 on Wednesday. The stock has a market capitalization of $653.21 million, a P/E ratio of 23.98, a P/E/G ratio of 1.17 and a beta of 1.18. The firm has a 50-day simple moving average of $40.50 and a 200-day simple moving average of $32.36. The company has a quick ratio of 1.26, a current ratio of 2.40 and a debt-to-equity ratio of 1.66. Park-Ohio Holdings Corp. has a 52 week low of $18.06 and a 52 week high of $53.30.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share for the quarter, beating 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 firm had revenue of $440.10 million for the quarter, compared to analyst estimates of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Equities analysts forecast that Park-Ohio Holdings Corp. will post 3.19 earnings per share for the current fiscal 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 given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, July 31st. Park-Ohio’s dividend payout ratio (DPR) is 26.60%.

Hedge Funds Weigh In On Park-Ohio

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in Park-Ohio in the 2nd quarter valued at $38,000. Tower Research Capital LLC TRC boosted its position in shares of Park-Ohio by 377.7% during 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 acquiring an additional 2,134 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Park-Ohio by 69.3% in the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,065 shares during the period. Jones Financial Companies Lllp acquired a new stake in Park-Ohio during the first quarter worth about $80,000. Finally, Russell Investments Group Ltd. increased its position in Park-Ohio by 73.4% during the third quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,659 shares during the last quarter. Hedge funds and other institutional investors own 51.38% of the company’s stock.

Analysts Set New Price Targets

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

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.