Park-Ohio (NASDAQ:PKOH) Sets New 12-Month High – Still a Buy?

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $36.88 and last traded at $36.42, with a volume of 113224 shares trading hands. The stock had previously closed at $36.55.

Analysts Set New Price Targets

Several analysts have issued reports on PKOH shares. Weiss Ratings downgraded shares of Park-Ohio from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 5th. Wall Street Zen downgraded Park-Ohio from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 15th. 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 an average rating of “Hold” and a consensus target price of $37.00.

Park-Ohio Trading Down 0.4%

The company has a quick ratio of 1.23, a current ratio of 2.40 and a debt-to-equity ratio of 1.70. The firm has a market cap of $524.45 million, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.20. The business has a 50 day moving average of $31.00 and a 200 day moving average of $26.43.

Park-Ohio (NASDAQ:PKOH) last announced its earnings results 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 during the quarter, compared to the consensus estimate 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. On average, research analysts forecast that Park-Ohio Holdings Corp. will post 3.1 earnings per share for the current fiscal year.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 1st. Park-Ohio’s payout ratio is currently 29.76%.

Institutional Trading of Park-Ohio

A number of hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in Park-Ohio by 377.7% in 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 last quarter. BNP Paribas Financial Markets lifted its stake in shares of Park-Ohio by 69.3% during the 3rd 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 period. Jones Financial Companies Lllp acquired a new stake in shares of Park-Ohio during the first quarter worth $80,000. Russell Investments Group Ltd. grew its position in shares of Park-Ohio by 73.4% in 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 during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Park-Ohio in the second quarter valued at $90,000. Institutional investors and hedge funds 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.