Gamco Investors Increases Stake in Park-Ohio Holdings by 3%

Gamco Investors INC. ET AL has increased its holdings in Park-Ohio Holdings Corp. (NASDAQ: PKOH) by 3.0% during the third quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the investment firm now owns 1,115,331 shares of the industrial products company, having acquired an additional 32,061 shares during this period. As of the latest filing, Gamco Investors holds approximately 7.75% of Park-Ohio, valued at around $23.69 million.

Several other institutional investors have also made movements in their stakes in Park-Ohio. Notably, Teton Advisors LLC purchased a new stake valued at $3.31 million during the third quarter. Additionally, First Eagle Investment Management LLC increased its holdings by 7.3%, now owning 414,070 shares worth approximately $8.80 million after buying an extra 28,045 shares.

Victory Capital Management Inc. raised its stake by an impressive 26.5%, acquiring 39,200 shares valued at $833,000 after purchasing an additional 8,200 shares. Vanguard Group Inc. also increased its position by 0.8%, now holding 528,699 shares worth around $11.23 million, following the acquisition of 3,967 shares. Lastly, JPMorgan Chase & Co. boosted its holdings by 19.6%, now owning 14,561 shares valued at $309,000. Overall, institutional investors collectively own 51.38% of Park-Ohio’s stock.

Analyst Ratings and Market Performance

Analysts have recently issued varied ratings for Park-Ohio shares. KeyCorp upgraded the stock from a “sector weight” to an “overweight” rating, assigning a target price of $37.00. Wall Street Zen also upgraded the stock from a “hold” to a “buy” rating. In contrast, Zacks Research maintained a “hold” rating, and Weiss Ratings reiterated a “hold (c)” rating. As it stands, one research analyst has given the stock a Buy rating, while two others have issued Hold ratings. MarketBeat reports a consensus rating of “Hold” for Park-Ohio, with an average target price of $37.00.

Park-Ohio’s stock opened at $25.59 on a recent trading day. The company has a market capitalization of $368.50 million, a price-to-earnings (PE) ratio of 14.96, and a beta of 1.11. Its 50-day moving average is $24.28, while the 200-day moving average stands at $21.96. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.32, and a current ratio of 2.56. Over the past year, Park-Ohio has seen a low of $15.52 and a high of $29.50.

Earnings and Dividend Announcements

In its most recent quarterly earnings report, released on March 4, 2024, Park-Ohio reported earnings per share (EPS) of $0.65, falling short of analysts’ consensus estimates of $0.74 by $0.09. The company generated revenue of $395.00 million, compared to the expected $402.90 million. Park-Ohio achieved a return on equity of 10.22% and maintained a net margin of 1.49%. For the financial year 2026, the company has set its EPS guidance between $2.90 and $3.20.

In addition to its financial performance, Park-Ohio announced a quarterly dividend of $0.125 per share, which was paid on February 20, 2024. Shareholders of record as of February 6, 2024, received this dividend, marking an annualized dividend of $0.50 and a yield of 2.0%. The company’s dividend payout ratio currently stands at 29.76%.

Park-Ohio Holdings Corp. operates as a diversified industrial company, providing engineered products and distribution services across various end markets. Through its two main segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies, and value-added distribution tailored for energy, transportation, and industrial applications. The Engineered Solutions segment specializes in the design, machining, and assembly of custom metal parts, including heat exchangers and precision-machined components.