CM Wealth Advisors LLC Invests $4.30 Million in Park-Ohio Holdings Corp. $PKOH

CM Wealth Advisors LLC purchased a new stake in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOHFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 111,892 shares of the industrial products company’s stock, valued at approximately $4,302,000. Park-Ohio accounts for about 0.8% of CM Wealth Advisors LLC’s holdings, making the stock its 11th largest position.

Other institutional investors have also recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its holdings in shares of Park-Ohio by 14.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company’s stock valued at $26,640,000 after purchasing an additional 156,890 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Park-Ohio by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock worth $20,121,000 after purchasing an additional 6,547 shares during the period. BlackRock Inc. purchased a new position in Park-Ohio during the second quarter valued at approximately $28,189,000. Vanguard Group Inc. grew its position in Park-Ohio by 0.8% during the third quarter. Vanguard Group Inc. now owns 528,699 shares of the industrial products company’s stock valued at $11,230,000 after purchasing an additional 3,967 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in Park-Ohio by 2.1% in the 4th quarter. Gabelli Funds LLC now owns 512,601 shares of the industrial products company’s stock valued at $10,734,000 after buying an additional 10,401 shares during the period. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PKOH has been the subject of a number of research reports. KeyCorp lifted their target price on shares of Park-Ohio from $45.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. 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. Finally, Wall Street Zen upgraded Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $59.00.

Check Out Our Latest Research Report on Park-Ohio

Insider Activity

In other news, insider Robert D. Vilsack sold 2,290 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $38.42, for a total transaction of $87,981.80. Following the completion of the sale, the insider owned 184,249 shares in the company, valued at approximately $7,078,846.58. This represents a 1.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 31.10% of the company’s stock.

Park-Ohio Price Performance

Shares of PKOH opened at $46.22 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 2.40. The firm has a market cap of $669.73 million, a PE ratio of 24.59, a PEG ratio of 1.24 and a beta of 1.18. The firm’s 50 day moving average price is $39.63 and its 200 day moving average price is $31.76. Park-Ohio Holdings Corp. has a twelve month low of $18.06 and a twelve month high of $53.30.

Park-Ohio (NASDAQ:PKOHGet Free Report) last posted its 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 company had revenue of $440.10 million during the quarter, compared to the consensus estimate of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. As a group, research analysts expect that Park-Ohio Holdings Corp. will post 3.19 EPS for the current fiscal year.

Park-Ohio Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, July 31st. Park-Ohio’s payout ratio is presently 26.60%.

Park-Ohio Profile

(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

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Institutional Ownership by Quarter for Park-Ohio (NASDAQ:PKOH)

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