Algert Global LLC Makes New $1.86 Million Investment in Park-Ohio Holdings Corp. $PKOH

Key Points

• Institutional interest increased: Algert Global acquired 48,504 Park-Ohio shares worth about $1.86 million, while BlackRock and several other funds also initiated or expanded positions. Institutions now own 51.38% of the company.
• Quarterly results exceeded expectations: Park-Ohio reported $0.93 in quarterly EPS versus the $0.81 consensus estimate and revenue of $440.1 million, above the $425.6 million forecast. Management guided to fiscal 2026 EPS of $3.10–$3.30.
• Analyst sentiment is mixed but improving: KeyCorp raised its price target to $59 and assigned an overweight rating, though the overall analyst consensus remains “Hold.” Insiders sold 14,024 shares worth approximately $574,332 during the last quarter.

Algert Global LLC acquired a new position in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,504 shares of the industrial products company's stock, valued at approximately $1,865,000. Algert Global LLC owned approximately 0.33% of Park-Ohio as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in Park-Ohio during the 2nd quarter worth $28,189,000. Gamco Investors INC. ET AL increased its holdings in 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 in the last quarter. JB Capital Partners LP purchased a new position in Park-Ohio in the second quarter valued at about $4,672,389. Bank of New York Mellon Corp acquired a new position in shares of Park-Ohio during the second quarter worth about $4,403,000. Finally, CM Wealth Advisors LLC acquired a new position in shares of Park-Ohio during the second quarter worth about $4,302,000. Hedge funds and other institutional investors own 51.38% of the company's stock.

Insider Transactions at Park-Ohio

In related news, insider Robert D. Vilsack sold 6,404 shares of Park-Ohio stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $38.45, for a total value of $246,233.80. Following the completion of the transaction, the insider directly owned 186,539 shares in the company, valued at approximately $7,172,424.55. This trade represents a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $240,116.50. Following the completion of the sale, the director directly owned 18,122 shares of the company's stock, valued at approximately $816,396.10. This represents a 22.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,024 shares of company stock valued at $574,332 over the last quarter. Insiders own 31.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. KeyCorp raised their target price on Park-Ohio from $45.00 to $59.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Wall Street Zen raised shares of Park-Ohio from a "buy" rating to a "strong-buy" rating in a research 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 research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $59.00.

Park-Ohio Trading Down 3.4%

NASDAQ:PKOH opened at $45.76 on Friday. The stock has a market cap of $663.06 million, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.20 and a beta of 1.18. Park-Ohio Holdings Corp. has a one year low of $18.06 and a one year high of $53.30. 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 business's 50-day simple moving average is $41.15 and its 200 day simple moving average is $32.76.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.12. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The company had revenue of $440.10 million for 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, sell-side analysts predict that Park-Ohio Holdings Corp. will post 3.19 earnings per share for the current fiscal year.

Park-Ohio Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.125 per share. 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 dividend payout ratio (DPR) 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.

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