Bank of New York Mellon Corp Acquires New Position in Park-Ohio Holdings Corp. $PKOH

Key Points

• Bank of New York Mellon initiated a Park-Ohio position by purchasing 114,518 shares valued at approximately $4.4 million, while institutional investors and hedge funds collectively own 51.38% of the company.
• Analyst sentiment remains mixed but improved: KeyCorp raised its price target to $59 and assigned an overweight rating, while the broader consensus is Hold with a $59 target price.
• Park-Ohio beat quarterly earnings expectations, reporting $0.93 in EPS versus the $0.81 consensus and revenue of $440.1 million versus $425.6 million expected. The company maintained FY 2026 EPS guidance of $3.10–$3.30 and pays a $0.50 annualized dividend.

Bank of New York Mellon Corp bought a new position in shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 114,518 shares of the industrial products company's stock, valued at approximately $4,403,000. Bank of New York Mellon Corp owned 0.80% of Park-Ohio as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position in shares of 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 in the last quarter. BNP Paribas Financial Markets increased its position in shares of 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 purchasing an additional 1,065 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Park-Ohio in the 1st quarter valued at $80,000. Russell Investments Group Ltd. raised its holdings in shares of 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 valued at $83,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Park-Ohio during the 2nd quarter worth $90,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PKOH has been the topic of a number of analyst reports. Weiss Ratings upgraded Park-Ohio from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Wall Street Zen upgraded Park-Ohio from a "buy" rating to a "strong-buy" rating in a report on Thursday, August 13th. Finally, KeyCorp raised their target price on Park-Ohio from $45.00 to $59.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. One equities research 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, the stock has an average rating of "Hold" and a consensus target price of $59.00.

Insider Buying and Selling at Park-Ohio

In other news, Director Howard Hanna, IV sold 5,330 shares of the firm's stock in a transaction on 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 owned 18,122 shares in the company, valued at approximately $816,396.10. This trade represents a 22.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Vilsack sold 2,290 shares of Park-Ohio stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $38.42, for a total transaction of $87,981.80. Following the completion of the sale, the insider directly owned 184,249 shares in the company, valued at approximately $7,078,846.58. The trade was a 1.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 14,024 shares of company stock valued at $574,332 in the last 90 days. Company insiders own 31.10% of the company's stock.

Park-Ohio Stock Performance

NASDAQ PKOH opened at $46.48 on Friday. The firm has a market cap of $673.50 million, a P/E ratio of 24.72, a P/E/G ratio of 1.20 and a beta of 1.22. Park-Ohio Holdings Corp. has a 52-week low of $18.06 and a 52-week high of $53.30. The business's 50-day moving average price is $41.92 and its 200 day moving average price is $33.38. 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 posted 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. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The firm 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. On average, equities research analysts expect that Park-Ohio Holdings Corp. will post 3.22 earnings per share for the current year.

Park-Ohio Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.125 per share. The ex-dividend date was Friday, July 31st. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. Park-Ohio's dividend payout ratio is presently 26.60%.

Park-Ohio Company Profile

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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