Park-Ohio (NASDAQ:PKOH) Hits New 1-Year High After Analyst Upgrade

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s stock price hit a new 52-week high on Tuesday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The stock traded as high as $39.72 and last traded at $39.24, with a volume of 49047 shares. The stock had previously closed at $39.10.

PKOH has been the topic of several other reports. Weiss Ratings lowered shares of Park-Ohio from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. KeyCorp raised 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. Based on data from MarketBeat.com, Park-Ohio presently has an average rating of “Hold” and a consensus price target of $45.00.

Insider Transactions at Park-Ohio

In other Park-Ohio news, insider Robert D. Vilsack sold 6,404 shares of Park-Ohio stock in a transaction 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 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 SEC, which can be accessed through this hyperlink. Insiders own 31.10% of the company’s stock.

Institutional Trading of Park-Ohio

Several institutional investors and hedge funds have recently added to or reduced their stakes in PKOH. Tower Research Capital LLC TRC lifted its position in Park-Ohio by 377.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 2,134 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Park-Ohio by 69.3% during the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 1,065 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Park-Ohio during the first quarter worth approximately $80,000. Russell Investments Group Ltd. lifted its holdings in shares of 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 during the period. Finally, Raymond James Financial Inc. purchased a new position in Park-Ohio in the 2nd quarter valued at $90,000. 51.38% of the stock is owned by hedge funds and other institutional investors.

Park-Ohio Trading Up 0.4%

The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.23 and a current ratio of 2.40. The stock has a market capitalization of $565.56 million, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.04 and a beta of 1.18. The business’s 50-day moving average is $35.25 and its two-hundred day moving average is $29.08.

Park-Ohio (NASDAQ:PKOH) last released its earnings results on Wednesday, May 6th. The industrial products company reported $0.65 EPS for the quarter, hitting the consensus estimate 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 Holdings Corp. will post 3.1 earnings per share for the current year.

Park-Ohio Announces Dividend

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

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.