Park-Ohio (NASDAQ:PKOH) Reaches New 52-Week High – Here’s Why

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) hit a new 52-week high during trading on Monday . The stock traded as high as $52.66 and last traded at $51.5290, with a volume of 225090 shares trading hands. The stock had previously closed at $52.51.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings raised shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Wall Street Zen cut shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 5th. Finally, KeyCorp increased their price target on shares of Park-Ohio from $45.00 to $59.00 and gave the company an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $59.00.

Park-Ohio Stock Performance

The business’s fifty day moving average is $37.16 and its 200-day moving average is $30.31. The company has a quick ratio of 1.26, a current ratio of 2.40 and a debt-to-equity ratio of 1.66. The company has a market cap of $735.38 million, a PE ratio of 27.34, a P/E/G ratio of 1.38 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. As a group, research analysts predict that Park-Ohio Holdings Corp. will post 3.18 EPS for the current fiscal year.

Park-Ohio Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, July 31st. Park-Ohio’s dividend payout ratio is 26.60%.

Insider Buying and Selling

In related news, insider Robert D. Vilsack sold 6,404 shares of Park-Ohio 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 31.10% of the company’s stock.

Institutional Trading of Park-Ohio

A number of hedge funds and other institutional investors have recently bought and sold shares of PKOH. Tower Research Capital LLC TRC raised its stake in shares of Park-Ohio by 377.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after buying an additional 2,134 shares during the period. BNP Paribas Financial Markets increased its holdings in Park-Ohio by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 1,065 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Park-Ohio during the 1st quarter worth approximately $80,000. Russell Investments Group Ltd. lifted its holdings in Park-Ohio by 73.4% during the third quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Park-Ohio in the second quarter worth approximately $90,000. Hedge funds and other 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.