Park-Ohio Holdings Corp. (NASDAQ:PKOH – Get Free Report) Director James Wert sold 1,000 shares of the business’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $46.50, for a total transaction of $46,500.00. Following the transaction, the director owned 89,456 shares in the company, valued at approximately $4,159,704. The trade was a 1.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Park-Ohio Stock Performance
Shares of NASDAQ PKOH opened at $48.04 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $696.10 million, a P/E ratio of 25.55, a P/E/G ratio of 1.21 and a beta of 1.22. Park-Ohio Holdings Corp. has a 12 month low of $18.06 and a 12 month high of $53.30. The stock has a 50 day moving average of $44.73 and a 200-day moving average of $35.43.
Park-Ohio (NASDAQ:PKOH – Get Free Report) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping 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. As a group, equities research analysts predict that Park-Ohio Holdings Corp. will post 3.26 EPS for the current year.
Park-Ohio Announces Dividend
Institutional Trading of Park-Ohio
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new stake in shares of Park-Ohio in the second quarter worth $38,000. Ancora Advisors LLC grew its position in Park-Ohio by 7,756.0% during the second quarter. Ancora Advisors LLC now owns 7,856 shares of the industrial products company’s stock worth $302,000 after buying an additional 7,756 shares in the last quarter. Deutsche Bank AG purchased a new position in Park-Ohio during the second quarter worth about $347,000. Bank of America Corp DE bought a new position in Park-Ohio in the 2nd quarter worth about $347,000. Finally, Empowered Funds LLC purchased a new stake in shares of Park-Ohio in the 2nd quarter valued at about $438,000. 51.38% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on PKOH shares. KeyCorp raised their price objective 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 upgraded Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.00.
Check Out Our Latest Stock Analysis on PKOH
Park-Ohio Company Profile
Park-Ohio Holdings Corp. is a diversified manufacturing and supply-chain services company headquartered in Ohio. Through its operating businesses, the company supplies engineered components and manages the movement of materials and parts for original equipment manufacturers and other industrial customers.
Park-Ohio’s Supply Chain Management businesses provide outsourced manufacturing, sourcing, inventory management, logistics, packaging, and just-in-time delivery services. These operations help customers procure raw materials and component parts, coordinate production requirements, and deliver products to manufacturing facilities.
Its Diversified Manufacturing businesses produce a range of engineered products, including forged, machined, formed, molded, and assembled components.
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