Park-Ohio (NASDAQ:PKOH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Park-Ohio (NASDAQ:PKOH) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday morning.

PKOH has been the subject of several other research reports. Weiss Ratings downgraded shares of Park-Ohio from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. KeyCorp lifted their price objective on Park-Ohio from $37.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.00.

Park-Ohio Price Performance

Park-Ohio stock opened at $39.45 on Tuesday. The stock has a market capitalization of $568.08 million, a P/E ratio of 23.48, a P/E/G ratio of 1.03 and a beta of 1.18. The company’s fifty day moving average price is $35.81 and its 200 day moving average price is $29.44. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.23 and a current ratio of 2.40. Park-Ohio has a 1 year low of $15.52 and a 1 year high of $39.85.

Park-Ohio (NASDAQ:PKOH) last posted its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. The company had revenue of $421.00 million during the quarter, compared to analysts’ expectations of $413.90 million. Park-Ohio had a net margin of 1.46% and a return on equity of 9.93%. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, equities research analysts anticipate that Park-Ohio will post 3.1 earnings per share for the current fiscal year.

Park-Ohio Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. Park-Ohio’s payout ratio is 29.76%.

Insider Buying and Selling

In other Park-Ohio news, insider Robert D. Vilsack sold 6,404 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $38.45, for a total value of $246,233.80. Following the transaction, the insider directly owned 186,539 shares in the company, valued at $7,172,424.55. The trade was a 3.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 31.10% of the stock is owned by company insiders.

Institutional Trading of Park-Ohio

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JB Capital Partners LP lifted its holdings in Park-Ohio by 52.9% in the fourth 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 last quarter. Gamco Investors INC. ET AL increased its stake 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 acquiring an additional 156,890 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Park-Ohio by 5.2% during the fourth quarter. First Eagle Investment Management LLC now owns 435,605 shares of the industrial products company’s stock worth $9,122,000 after acquiring an additional 21,535 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Park-Ohio in the first quarter valued at $344,000. Finally, Raymond James Financial Inc. purchased a new stake in Park-Ohio in the second quarter valued at $90,000. Institutional investors and hedge funds own 51.38% of the company’s stock.

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.