Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 58,136 Park-Ohio Holdings Corp. $PKOH

Key Points

• Connor Clark & Lunn acquired 58,136 Park-Ohio shares worth approximately $2.24 million, while institutional investors and hedge funds collectively own 51.38% of the company.
• Park-Ohio reported quarterly EPS of $0.93, beating estimates of $0.81, and revenue of $440.1 million versus expectations of $425.57 million. The company issued fiscal 2026 EPS guidance of $3.10–$3.30.
• Analyst sentiment remains mixed: KeyCorp raised its price target to $59 and assigned an overweight rating, but the overall consensus rating is Hold. Insiders sold 14,024 shares worth $574,332 over the past 90 days.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Park-Ohio Holdings Corp. (NASDAQ:PKOH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 58,136 shares of the industrial products company's stock, valued at approximately $2,235,000. Connor Clark & Lunn Investment Management Ltd. owned 0.40% of Park-Ohio at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PKOH. JB Capital Partners LP grew its position in shares of Park-Ohio by 52.9% during the 4th quarter. JB Capital Partners LP now owns 117,599 shares of the industrial products company's stock valued at $2,451,000 after acquiring an additional 40,700 shares during the period. Gamco Investors INC. ET AL boosted its position in Park-Ohio by 14.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company's stock worth $26,640,000 after purchasing an additional 156,890 shares in the last quarter. CM Wealth Advisors LLC acquired a new stake in Park-Ohio in the second quarter valued at approximately $4,302,000. First Eagle Investment Management LLC increased its position in shares of Park-Ohio by 5.2% in the fourth quarter. First Eagle Investment Management LLC now owns 435,605 shares of the industrial products company's stock valued at $9,122,000 after buying an additional 21,535 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Park-Ohio during the 2nd quarter valued at approximately $770,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Robert D. Vilsack sold 6,404 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $7,172,424.55. This represents a 3.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Howard W. Iv Hanna sold 5,330 shares of the stock in a transaction on 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 transaction, the director directly owned 18,122 shares in the company, valued at $816,396.10. This trade represents a 22.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 14,024 shares of company stock valued at $574,332. Insiders own 31.10% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on PKOH. Wall Street Zen raised Park-Ohio from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of Park-Ohio from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Finally, KeyCorp upped their target price on shares of Park-Ohio from $45.00 to $59.00 and gave the stock an "overweight" rating in a 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $59.00.

Park-Ohio Stock Down 3.4%

NASDAQ:PKOH opened at $45.76 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.40 and a debt-to-equity ratio of 1.66. The stock's fifty day moving average is $41.15 and its two-hundred day moving average is $32.76. Park-Ohio Holdings Corp. has a 52 week low of $18.06 and a 52 week high of $53.30. The stock has a market capitalization 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 (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. The business had revenue of $440.10 million during the quarter, compared to analyst estimates of $425.57 million. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Research analysts anticipate that Park-Ohio Holdings Corp. will post 3.19 EPS for the current year.

Park-Ohio Announces Dividend

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