Park-Ohio (NASDAQ:PKOH) Lowered to Buy Rating by Wall Street Zen

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

PKOH has been the subject of several other reports. KeyCorp lifted their target price on shares of Park-Ohio from $37.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Weiss Ratings upgraded Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $45.00.

Park-Ohio Stock Up 0.8%

NASDAQ:PKOH opened at $41.61 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 firm’s 50-day moving average price is $36.49 and its 200-day moving average price is $29.94. The company has a market capitalization of $599.18 million, a PE ratio of 24.77, a P/E/G ratio of 1.11 and a beta of 1.18. Park-Ohio has a 1-year low of $15.99 and a 1-year high of $42.27.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly 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 1.46% and a return on equity of 9.93%. 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 predict that Park-Ohio will post 3.1 EPS for the current fiscal year.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st. Park-Ohio’s dividend payout ratio is 29.76%.

Insiders Place Their Bets

In other Park-Ohio news, insider Robert D. Vilsack sold 2,290 shares of Park-Ohio stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $38.42, for a total value of $87,981.80. Following the completion of the transaction, the insider directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 31.10% of the company’s stock.

Institutional Investors Weigh In On Park-Ohio

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Park-Ohio by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 1,065 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake 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 purchasing an additional 2,134 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Park-Ohio in the 1st quarter worth $80,000. Russell Investments Group Ltd. increased its holdings in shares of Park-Ohio by 73.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Park-Ohio in the second quarter worth $90,000. Institutional investors own 51.38% of the company’s stock.

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.