Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) Director Howard Iv Hanna sold 5,330 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $45.05, for a total transaction of $240,116.50. Following the transaction, the director owned 18,122 shares of the company's stock, valued at $816,396.10. The trade was a 22.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Park-Ohio Stock Down 1.9%
Park-Ohio stock opened at $44.82 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. Park-Ohio Holdings Corp. has a 1-year low of $18.06 and a 1-year high of $53.30. The company has a fifty day simple moving average of $40.29 and a 200 day simple moving average of $32.22. The company has a market cap of $649.44 million, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.20 and a beta of 1.18.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Research analysts anticipate that Park-Ohio Holdings Corp. will post 3.19 earnings per share for the current fiscal year.
Park-Ohio Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, July 31st. Park-Ohio's dividend payout ratio is presently 26.60%.
Analyst Ratings Changes
A number of research firms have weighed in on PKOH. KeyCorp raised their price target on Park-Ohio from $45.00 to $59.00 and gave the company an "overweight" rating in a research note 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 research note 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $59.00.
Read Our Latest Stock Analysis on PKOH
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc bought a new position in shares of Park-Ohio during the 2nd quarter worth approximately $38,000. BNP Paribas Financial Markets raised 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 valued at $55,000 after acquiring an additional 1,065 shares during the period. Tower Research Capital LLC TRC boosted its position in Park-Ohio by 377.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company's stock worth $48,000 after purchasing an additional 2,134 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Park-Ohio in the first quarter valued at $80,000. Finally, Russell Investments Group Ltd. raised its position in shares of Park-Ohio by 73.4% in the third 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 during the period. 51.38% of the stock is currently owned by institutional investors.
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.
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