Park-Ohio (NASDAQ:PKOH) Sets New 1-Year High – Here’s What Happened

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s stock price hit a new 52-week high on Monday . The company traded as high as $52.66 and last traded at $51.5290, with a volume of 225090 shares traded. The stock had previously closed at $52.51.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PKOH shares. KeyCorp lifted their price target on shares of Park-Ohio from $45.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday. Wall Street Zen downgraded shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Park-Ohio has an average rating of “Hold” and a consensus target price of $59.00.

Park-Ohio Trading Down 0.4%

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 company has a market capitalization of $691.03 million, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.26 and a beta of 1.18. The firm has a fifty day moving average price of $37.75 and a 200-day moving average price of $30.66.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The business had revenue of $440.10 million for the quarter, compared to analyst estimates of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. On average, equities research analysts anticipate that Park-Ohio Holdings Corp. will post 3.18 earnings per share for the current year.

Park-Ohio Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid 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 is Friday, July 31st. Park-Ohio’s payout ratio is presently 26.60%.

Insider Buying and Selling at Park-Ohio

In related 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 value of $246,233.80. Following the transaction, the insider directly owned 186,539 shares of the company’s stock, valued at approximately $7,172,424.55. The trade was a 3.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 31.10% of the company’s stock.

Institutional Trading of Park-Ohio

Several hedge funds have recently added to or reduced their stakes in PKOH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 acquiring an additional 527 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Park-Ohio in the 1st quarter worth approximately $80,000. Geode Capital Management LLC raised its holdings in shares of Park-Ohio by 4.6% in the 2nd 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 period. Rhumbline Advisers lifted its stake in 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 during the last quarter. Finally, First Trust Advisors LP grew its holdings in 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 purchasing an additional 1,489 shares during the period. 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.