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CLEVELAND—Ronna Romney, a director at Park Ohio Holdings Corp (NASDAQ:PKOH), recently sold a significant portion of her holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Romney sold a total of 4,873 shares of Park Ohio’s common stock over two days, March 25 and 26, 2025. The timing is notable as InvestingPro data shows the stock trading near its 52-week low of $21.00, having declined over 27% in the past six months.
The transactions were executed at various prices, ranging from $21.76 to $22.62 per share, resulting in a total sale value of approximately $110,034. Following these transactions, Romney’s direct ownership in the company stands at 30,345 shares. The stock currently trades at an attractive P/E ratio of 8.85x, with a market capitalization of approximately $298 million.
Park Ohio Holdings Corp, based in Cleveland, operates in the metal forging and stampings industry. The company is known for its manufacturing and supply chain management services, serving a diverse range of industries. With annual revenue of $1.66 billion and a healthy current ratio of 2.32, the company has maintained dividend payments for 12 consecutive years, currently yielding 2.27%.
In other recent news, Park Ohio Holdings Corp. released its fourth-quarter 2024 earnings, showing a slight miss on both earnings per share (EPS) and revenue forecasts. The company reported an EPS of $0.67, which was below the expected $0.71, while revenue came in at $388.4 million, falling short of the projected $419.1 million. Despite these misses, Park Ohio achieved consolidated net sales of $1.7 billion for the year, maintaining consistency with the previous year. The company also saw a 17% increase in adjusted EPS to $3.59 and a 13% rise in EBITDA to $152 million. Looking ahead, Park Ohio anticipates revenue growth of 2-4% for 2025, with projected EPS of $3.75. CEO Matt Crawford highlighted a strategic shift towards a less asset-intensive model, aiming to reduce capital expenses. Additionally, CFO Pat Fogarty mentioned the company’s focus on strategic acquisitions to strengthen its profitable segments. These developments reflect Park Ohio’s ongoing efforts to enhance operational efficiencies and pursue growth initiatives.
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