Wall Street Zen Upgrades Park-Ohio (NASDAQ:PKOH) to Strong-Buy

Park-Ohio (NASDAQ:PKOH) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Several other brokerages have also recently issued reports on PKOH. KeyCorp upped their target price on shares of 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 research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.00.

Park-Ohio Stock Down 2.4%

Shares of PKOH opened at $38.20 on Tuesday. The business’s 50 day simple moving average is $35.63 and its 200-day simple moving average is $29.32. Park-Ohio has a 1 year low of $15.52 and a 1 year high of $39.72. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.40 and a quick ratio of 1.23. The stock has a market capitalization of $550.08 million, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.05 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. Park-Ohio had a net margin of 1.46% and a return on equity of 9.93%. The company 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.

Insider Transactions at Park-Ohio

In other Park-Ohio news, insider Robert D. Vilsack sold 2,290 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $38.42, for a total transaction of $87,981.80. Following the completion of the transaction, the insider owned 184,249 shares in the company, valued at $7,078,846.58. The trade was a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 31.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Park-Ohio

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings 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 valued at $48,000 after acquiring an additional 2,134 shares during the period. BNP Paribas Financial Markets increased 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 valued at $55,000 after buying an additional 1,065 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Park-Ohio in the 1st quarter valued at about $80,000. Russell Investments Group Ltd. boosted its stake 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 valued at $83,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Park-Ohio during the second quarter valued at approximately $90,000. 51.38% of the stock is owned by institutional investors.

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.