Park-Ohio (NASDAQ:PKOH) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Park-Ohio (NASDAQ:PKOH) from a strong-buy rating to a buy rating in a report published on Monday.

A number of other research firms have also issued reports on PKOH. Weiss Ratings lowered Park-Ohio from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. KeyCorp boosted their price objective on Park-Ohio from $37.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.00.

Park-Ohio Stock Down 1.7%

Park-Ohio stock opened at $38.59 on Monday. Park-Ohio has a twelve month low of $15.52 and a twelve month high of $39.69. The stock’s fifty day simple moving average is $34.76 and its 200-day simple moving average is $28.70. The company has a current ratio of 2.40, a quick ratio of 1.23 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $555.70 million, a P/E ratio of 22.97, a P/E/G ratio of 1.06 and a beta of 1.18.

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

Park-Ohio Announces Dividend

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

Insider Buying and Selling

In related news, insider Robert D. Vilsack sold 6,404 shares of the stock in a transaction on Friday, June 26th. The stock was 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 of the company’s stock, valued at $7,172,424.55. This represents a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 31.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its stake in Park-Ohio by 377.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 2,134 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Park-Ohio by 69.3% in the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 1,065 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Park-Ohio in the first quarter valued at approximately $80,000. Russell Investments Group Ltd. raised 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 worth $83,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Park-Ohio during the second quarter worth approximately $90,000. Hedge funds and other institutional investors own 51.38% of the company’s stock.

About Park-Ohio

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.