Park-Ohio (NASDAQ:PKOH) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Park-Ohio (NASDAQ:PKOH) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

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

Park-Ohio Trading Up 0.1%

NASDAQ:PKOH opened at $39.15 on Tuesday. Park-Ohio has a 12 month low of $15.52 and a 12 month high of $39.72. 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 stock has a market capitalization of $563.68 million, a price-to-earnings ratio of 23.30, a PEG ratio of 1.05 and a beta of 1.18. The firm has a fifty day simple moving average of $35.46 and a two-hundred day simple moving average of $29.20.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. The firm had revenue of $421.00 million for 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. Analysts expect that Park-Ohio will post 3.1 EPS for the current fiscal year.

Park-Ohio Dividend Announcement

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

Insider Activity

In other news, insider Robert D. Vilsack sold 6,404 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $38.45, for a total transaction of $246,233.80. Following the completion of the sale, the insider directly owned 186,539 shares of the company’s stock, valued at $7,172,424.55. The trade was a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 31.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Park-Ohio

Several large investors have recently added to or reduced their stakes in PKOH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Park-Ohio by 10.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 527 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Park-Ohio in the first quarter worth approximately $80,000. Geode Capital Management LLC raised its stake in shares of Park-Ohio by 4.6% in the second quarter. Geode Capital Management LLC now owns 220,439 shares of the industrial products company’s stock worth $3,938,000 after purchasing an additional 9,656 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Park-Ohio by 4.4% in the second quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 589 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Park-Ohio by 5.6% during the second quarter. First Trust Advisors LP now owns 28,018 shares of the industrial products company’s stock valued at $500,000 after buying an additional 1,489 shares during 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.