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 report published on Thursday morning.

Other equities analysts have also issued research reports about the stock. KeyCorp lifted their price target on shares of Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Weiss Ratings upgraded Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. One equities 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, Park-Ohio currently has a consensus rating of “Hold” and an average price target of $59.00.

Park-Ohio Stock Down 0.3%

Shares of NASDAQ PKOH opened at $49.40 on Thursday. The company has a 50 day simple moving average of $38.77 and a 200 day simple moving average of $31.16. The firm has a market cap of $715.81 million, a PE ratio of 26.28, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. Park-Ohio has a 1 year low of $18.06 and a 1 year high of $53.30. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26.

Park-Ohio (NASDAQ:PKOH) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.81 by $0.12. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. The business had revenue of $440.10 million for the quarter, compared to the consensus estimate of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. On average, research analysts forecast that Park-Ohio will post 3.19 EPS for the current year.

Park-Ohio Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, July 31st. Park-Ohio’s dividend payout ratio is currently 26.60%.

Insider Transactions at Park-Ohio

In other news, insider Robert D. Vilsack sold 6,404 shares of the business’s stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 31.10% of the company’s stock.

Institutional Investors Weigh In On Park-Ohio

Several large investors have recently modified their holdings of the company. JB Capital Partners LP grew its holdings in Park-Ohio by 52.9% during the 4th quarter. JB Capital Partners LP now owns 117,599 shares of the industrial products company’s stock worth $2,451,000 after acquiring an additional 40,700 shares during the period. Gamco Investors INC. ET AL lifted its stake 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 purchasing an additional 156,890 shares during the period. First Eagle Investment Management LLC lifted 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 during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Park-Ohio in the 1st quarter valued at about $344,000. Finally, Manatuck Hill Partners LLC bought a new stake in shares of Park-Ohio during the 2nd quarter valued at about $1,268,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

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.