BlackRock Inc. Takes Position in Park-Ohio Holdings Corp. $PKOH

Key Points

• BlackRock acquired 733,129 shares of Park-Ohio Holdings during the second quarter, worth approximately $28.2 million and representing a 5.09% stake. Institutional investors and hedge funds collectively own 51.38% of the company.
• Park-Ohio reported quarterly earnings of $0.93 per share, beating the $0.81 consensus estimate, while revenue of $440.1 million also exceeded expectations. Management guided to fiscal 2026 EPS of $3.10–$3.30.
• Shares opened at $44.69, compared with a 12-month range of $18.06–$53.30. Analysts maintain a consensus “Hold” rating with a $59 target price, while insiders have sold 14,024 shares worth $574,332 over the past 90 days.

BlackRock Inc. purchased a new position in shares of 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. The institutional investor purchased 733,129 shares of the industrial products company's stock, valued at approximately $28,189,000. BlackRock Inc. owned 5.09% of Park-Ohio at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in Park-Ohio by 69.3% in the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company's stock worth $55,000 after acquiring an additional 1,065 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Park-Ohio by 377.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 2,134 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Park-Ohio in the 1st quarter valued at approximately $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. acquired a new stake in shares of Park-Ohio in the 2nd quarter valued at $90,000. Institutional investors and hedge funds own 51.38% of the company's stock.

Insider Buying and Selling at Park-Ohio

In other Park-Ohio news, insider Robert D. Vilsack sold 2,290 shares of the business's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $38.42, for a total value of $87,981.80. Following the transaction, the insider directly owned 184,249 shares of the company's stock, valued at approximately $7,078,846.58. The trade was a 1.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Howard W. Iv Hanna sold 5,330 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was 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 trade represents a 22.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 14,024 shares of company stock valued at $574,332. Corporate insiders own 31.10% of the company's stock.

Park-Ohio Price Performance

Shares of NASDAQ:PKOH opened at $44.69 on Thursday. Park-Ohio Holdings Corp. has a 12 month low of $18.06 and a 12 month high of $53.30. The firm has a market capitalization of $647.56 million, a P/E ratio of 23.77, a P/E/G ratio of 1.15 and a beta of 1.22. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26. The company's fifty day moving average price is $41.64 and its 200 day moving average price is $33.17.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.12. The business had revenue of $440.10 million during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts predict that Park-Ohio Holdings Corp. will post 3.22 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 paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, July 31st. Park-Ohio's dividend payout ratio is 26.60%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PKOH shares. 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. Wall Street Zen raised Park-Ohio from a "buy" rating to a "strong-buy" rating in a report on Thursday, August 13th. Finally, KeyCorp upped their price objective 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 analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $59.00.

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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