121,899 Shares in Park-Ohio Holdings Corp. $PKOH Bought by JB Capital Partners LP

JB Capital Partners LP bought a new stake in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 121,899 shares of the industrial products company's stock, valued at approximately $4,672,389. Park-Ohio accounts for 0.0% of JB Capital Partners LP's holdings, making the stock its 21st largest position. JB Capital Partners LP owned approximately 0.84% of Park-Ohio at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in Park-Ohio by 69.3% during the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company's stock valued at $55,000 after buying an additional 1,065 shares during the period. Tower Research Capital LLC TRC increased 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 buying an additional 2,134 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Park-Ohio during the 1st quarter worth approximately $80,000. Russell Investments Group Ltd. lifted its holdings in Park-Ohio by 73.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company's stock worth $83,000 after buying an additional 1,659 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Park-Ohio during the 2nd quarter worth about $90,000. Hedge funds and other institutional investors own 51.38% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PKOH shares. KeyCorp increased their price target 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. Weiss Ratings upgraded 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 shares of Park-Ohio from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Park-Ohio presently has an average rating of "Hold" and an average target price of $59.00.

Insider Buying and Selling

In related news, Director Howard W. Iv Hanna sold 5,330 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $45.05, for a total transaction of $240,116.50. Following the completion of the sale, the director owned 18,122 shares of the company's stock, valued at $816,396.10. This represents a 22.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert D. Vilsack sold 6,404 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $38.45, for a total value of $246,233.80. Following the completion of the sale, the insider directly owned 186,539 shares of the company's stock, valued at approximately $7,172,424.55. The trade was a 3.32% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 14,024 shares of company stock worth $574,332. 31.10% of the stock is currently owned by insiders.

Park-Ohio Trading Down 1.9%

Park-Ohio stock traded down $0.91 during mid-day trading on Friday, hitting $46.48. 50,034 shares of the stock were exchanged, compared to its average volume of 60,995. The stock has a market capitalization of $673.50 million, a price-to-earnings ratio of 24.72, a PEG ratio of 1.20 and a beta of 1.18. Park-Ohio Holdings Corp. has a 12 month low of $18.06 and a 12 month high of $53.30. The firm's fifty day simple moving average is $40.95 and its two-hundred day simple moving average is $32.66. 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 (NASDAQ:PKOH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.81 by $0.12. The firm had revenue of $440.10 million for the quarter, compared to analyst estimates of $425.57 million. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Analysts forecast that Park-Ohio Holdings Corp. will post 3.19 EPS for the current 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 issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. Park-Ohio's payout ratio is presently 26.60%.

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.