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

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

Several other research firms have also weighed in on PKOH. Weiss Ratings upgraded Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. KeyCorp boosted their target price on Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $59.00.

Park-Ohio Trading Up 0.3%

PKOH opened at $49.55 on Thursday. Park-Ohio has a one year low of $18.06 and a one year high of $53.30. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26. The business has a 50 day simple moving average of $38.42 and a two-hundred day simple moving average of $31.03. The firm has a market capitalization of $717.98 million, a price-to-earnings ratio of 26.36, a PEG ratio of 1.29 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.12. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The firm had revenue of $440.10 million for the quarter, compared to analysts’ expectations of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Analysts predict that Park-Ohio will post 3.19 EPS for the current year.

Park-Ohio Dividend Announcement

The firm 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 presently 26.60%.

Insider Buying and Selling

In other Park-Ohio news, insider Robert D. Vilsack sold 2,290 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $38.42, for a total value of $87,981.80. Following the completion of the transaction, the insider owned 184,249 shares of the company’s stock, valued at approximately $7,078,846.58. The trade was a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 31.10% of the company’s stock.

Institutional Investors Weigh In On Park-Ohio

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL increased its position in Park-Ohio by 14.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company’s stock valued at $26,640,000 after acquiring an additional 156,890 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Park-Ohio by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock valued at $20,121,000 after purchasing an additional 6,547 shares in the last quarter. BlackRock Inc. purchased a new position in Park-Ohio during the second quarter valued at $28,189,000. Vanguard Group Inc. increased its holdings in Park-Ohio by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 528,699 shares of the industrial products company’s stock worth $11,230,000 after acquiring an additional 3,967 shares in the last quarter. Finally, Gabelli Funds LLC boosted its holdings in Park-Ohio by 2.1% in the 4th quarter. Gabelli Funds LLC now owns 512,601 shares of the industrial products company’s stock worth $10,734,000 after buying an additional 10,401 shares during the period. Hedge funds and other 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.