Park-Ohio (NASDAQ:PKOH) Stock: Insider Robert Vilsack Sells 6,468 Shares

Key Points

• Insider sale: Robert Vilsack sold 6,468 Park-Ohio shares for approximately $298,822 under a pre-arranged Rule 10b5-1 plan, reducing his position by 4.04% to 153,699 shares.
• Stock and earnings: PKOH recently traded at $46.54, up 0.7%, after reporting quarterly EPS of $0.93 versus the $0.81 consensus and revenue of $440.1 million versus expectations of $425.6 million.
• Outlook and ownership: Park-Ohio maintains a $0.50 annualized dividend yielding about 1.1%, while institutional investors own 51.38% of the stock. Analysts’ consensus rating is “Hold,” with an average price target of $59.

Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) insider Robert Vilsack sold 6,468 shares of the company's stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $46.20, for a total value of $298,821.60. Following the completion of the sale, the insider owned 153,699 shares in the company, valued at $7,100,893.80. The trade was a 4.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Park-Ohio Stock Up 0.7%

NASDAQ:PKOH traded up $0.34 during trading hours on Thursday, reaching $46.54. 113,562 shares of the company traded hands, compared to its average volume of 62,513. The company has a current ratio of 2.40, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. The business's 50-day moving average price is $45.24 and its two-hundred day moving average price is $35.96. Park-Ohio Holdings Corp. has a 1 year low of $18.06 and a 1 year high of $53.30. The stock has a market capitalization of $674.36 million, a P/E ratio of 24.76, a P/E/G ratio of 1.20 and a beta of 1.22.

Park-Ohio (NASDAQ:PKOH - Get Free Report) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Analysts predict that Park-Ohio Holdings Corp. will post 3.26 earnings per share for the current year.

Park-Ohio Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a $0.1250 dividend. 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 payout ratio is presently 26.60%.

Hedge Funds Weigh In On Park-Ohio

A number of institutional investors and hedge funds have recently modified their holdings of PKOH. BlackRock Inc. bought a new stake in shares of Park-Ohio in the second quarter worth $28,189,000. JB Capital Partners LP bought a new position in Park-Ohio in the second quarter valued at about $4,672,389. Bank of New York Mellon Corp purchased a new position in Park-Ohio in the second quarter worth about $4,403,000. CM Wealth Advisors LLC bought a new stake in shares of Park-Ohio during the 2nd quarter valued at about $4,302,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Park-Ohio during the 2nd quarter valued at about $2,235,000. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. KeyCorp raised their price objective on shares of Park-Ohio from $45.00 to $59.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Park-Ohio from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 13th. Finally, Weiss Ratings upgraded shares of Park-Ohio from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.00.

About Park-Ohio

Park-Ohio Holdings Corp. is a diversified manufacturing and supply-chain services company headquartered in Ohio. Through its operating businesses, the company supplies engineered components and manages the movement of materials and parts for original equipment manufacturers and other industrial customers.

Park-Ohio's Supply Chain Management businesses provide outsourced manufacturing, sourcing, inventory management, logistics, packaging, and just-in-time delivery services. These operations help customers procure raw materials and component parts, coordinate production requirements, and deliver products to manufacturing facilities.

Its Diversified Manufacturing businesses produce a range of engineered products, including forged, machined, formed, molded, and assembled components.

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