Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) Director Ronna Romney sold 2,000 shares of the 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 directly owned 26,944 shares in the company, valued at $660,397.44. This represents a 6.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Park-Ohio Price Performance
Park-Ohio stock opened at $24.72 on Tuesday. The firm has a market cap of $355.97 million, a PE ratio of 14.46 and a beta of 1.11. 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 stock's fifty day moving average price is $24.76 and its two-hundred day moving average price is $22.23. Park-Ohio Holdings Corp. has a one year low of $15.52 and a one year high of $29.50.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last released its earnings results on Wednesday, March 4th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.09). Park-Ohio had a net margin of 1.49% and a return on equity of 10.13%. The company 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, February 6th. Park-Ohio's dividend payout ratio is presently 29.24%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. KeyCorp upgraded shares of Park-Ohio from a "sector weight" rating to an "overweight" rating and set a $37.00 target price for the company in a research report on Monday, February 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Park-Ohio in a research report on Thursday, January 22nd. Zacks Research raised shares of Park-Ohio to a "hold" rating in a research note on Monday, February 9th. Finally, Wall Street Zen upgraded shares of Park-Ohio from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Park-Ohio has an average rating of "Hold" and an average target price of $37.00.
Get Our Latest Research Report on Park-Ohio
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of PKOH. Assenagon Asset Management S.A. bought a new position in shares of Park-Ohio in the third quarter worth about $1,079,000. Private Management Group Inc. grew its holdings in shares of Park-Ohio by 1.9% during the 2nd quarter. Private Management Group Inc. now owns 1,023,164 shares of the industrial products company's stock valued at $18,274,000 after purchasing an additional 18,853 shares during the last quarter. Teton Advisors LLC acquired a new position in Park-Ohio during the 3rd quarter worth approximately $3,313,000. Gamco Investors INC. ET AL increased its position in Park-Ohio by 12.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,083,270 shares of the industrial products company's stock worth $19,347,000 after purchasing an additional 118,393 shares in the last quarter. Finally, Inspire Advisors LLC lifted its stake in Park-Ohio by 35.9% in the 2nd quarter. Inspire Advisors LLC now owns 19,565 shares of the industrial products company's stock valued at $349,000 after purchasing an additional 5,170 shares during the last quarter. Institutional investors and hedge funds own 51.38% of the company's stock.
About Park-Ohio
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
