Park-Ohio (NASDAQ:PKOH) Hits New 12-Month High – Still a Buy?

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.41 and last traded at $39.3950, with a volume of 26554 shares traded. The stock had previously closed at $37.51.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PKOH. Weiss Ratings cut Park-Ohio from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. KeyCorp upped their target price on shares of Park-Ohio from $37.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Finally, Wall Street Zen lowered shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

Park-Ohio Stock Performance

The company has a market cap of $555.70 million, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. The company has a quick ratio of 1.23, a current ratio of 2.40 and a debt-to-equity ratio of 1.70. The company’s 50-day moving average is $34.76 and its two-hundred day moving average is $28.70.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. The company had revenue of $421.00 million during the quarter, compared to analyst estimates 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. Equities analysts predict that Park-Ohio Holdings Corp. will post 3.1 EPS for the current year.

Park-Ohio Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $0.50 annualized dividend and a yield of 1.3%. Park-Ohio’s dividend payout ratio (DPR) is 29.76%.

Insider Activity at Park-Ohio

In related news, insider Robert D. Vilsack sold 6,404 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $38.45, for a total transaction of $246,233.80. Following the sale, the insider directly owned 186,539 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 31.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL raised its holdings in shares of Park-Ohio by 14.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company’s stock valued at $26,640,000 after acquiring an additional 156,890 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Park-Ohio by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock worth $20,121,000 after purchasing an additional 6,547 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Park-Ohio by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 528,699 shares of the industrial products company’s stock valued at $11,230,000 after buying an additional 3,967 shares in the last quarter. Gabelli Funds LLC grew its position in Park-Ohio by 2.1% during the fourth quarter. Gabelli Funds LLC now owns 512,601 shares of the industrial products company’s stock valued at $10,734,000 after acquiring an additional 10,401 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Park-Ohio by 5.2% in the 4th quarter. First Eagle Investment Management LLC now owns 435,605 shares of the industrial products company’s stock valued at $9,122,000 after purchasing an additional 21,535 shares in the last quarter. Institutional investors 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.