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

Wall Street Zen lowered shares of Park-Ohio (NASDAQ:PKOH) from a strong-buy rating to a buy rating in a research note published on Wednesday morning.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings upgraded Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. KeyCorp raised their price objective on Park-Ohio from $37.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $59.00.

Park-Ohio Stock Up 12.9%

PKOH stock opened at $52.51 on Wednesday. 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 $756.14 million, a price-to-earnings ratio of 27.93, a PEG ratio of 1.24 and a beta of 1.18. The business’s fifty day moving average price is $37.16 and its two-hundred day moving average price is $30.26. Park-Ohio has a fifty-two week low of $17.77 and a fifty-two week high of $52.66.

Park-Ohio (NASDAQ:PKOH) last announced its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (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 10.63%. The company 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. On average, equities analysts anticipate that Park-Ohio will post 3.13 earnings per share for the current year.

Park-Ohio Announces Dividend

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

Insider Activity

In related news, insider Robert D. Vilsack sold 2,290 shares of Park-Ohio stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $38.42, for a total value of $87,981.80. Following the transaction, the insider directly owned 184,249 shares of the company’s stock, valued at $7,078,846.58. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 31.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Park-Ohio in the second quarter valued at about $28,189,000. Gamco Investors INC. ET AL lifted its stake in shares of Park-Ohio by 14.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company’s stock worth $26,640,000 after acquiring an additional 156,890 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Park-Ohio in the second quarter worth approximately $4,403,000. JB Capital Partners LP boosted its holdings in Park-Ohio by 52.9% in the fourth quarter. JB Capital Partners LP now owns 117,599 shares of the industrial products company’s stock valued at $2,451,000 after acquiring an additional 40,700 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Park-Ohio by 5.2% during the 4th quarter. First Eagle Investment Management LLC now owns 435,605 shares of the industrial products company’s stock valued at $9,122,000 after purchasing an additional 21,535 shares during the period. 51.38% of the stock is currently 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.