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 Saturday.

PKOH has been the topic of several other reports. KeyCorp raised Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a research note on Monday, February 9th. Zacks Research raised shares of Park-Ohio to a “hold” rating in a research report on Monday, February 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Park-Ohio in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Park-Ohio has a consensus rating of “Hold” and an average target price of $37.00.

Park-Ohio Price Performance

Shares of NASDAQ PKOH opened at $23.95 on Friday. The stock has a market capitalization of $344.88 million, a PE ratio of 14.01 and a beta of 1.13. The company has a quick ratio of 1.18, a current ratio of 2.33 and a debt-to-equity ratio of 1.62. The firm has a fifty day moving average of $25.16 and a 200-day moving average of $22.52. Park-Ohio has a 52-week low of $15.52 and a 52-week high of $29.50.

Park-Ohio (NASDAQ:PKOH) last issued its earnings results on Wednesday, March 4th. The industrial products company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Park-Ohio had a net margin of 1.49% and a return on equity of 10.13%. The firm had revenue of $395.00 million during the quarter, compared to analyst estimates of $402.90 million. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS.

Park-Ohio Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, February 6th. Park-Ohio’s payout ratio is currently 29.24%.

Insider Activity

In other news, Director Howard W. Iv Hanna sold 2,600 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $24.80, for a total value of $64,480.00. Following the completion of the sale, the director owned 21,500 shares in the company, valued at approximately $533,200. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronna Romney sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $24.51, for a total value of $49,020.00. Following the sale, the director owned 26,944 shares in the company, valued at approximately $660,397.44. The trade was a 6.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,000 shares of company stock valued at $173,620 in the last ninety days. Company insiders own 31.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Park-Ohio by 238.4% in the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 856 shares during the period. Tower Research Capital LLC TRC lifted 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 worth $48,000 after buying an additional 2,134 shares in the last quarter. BNP Paribas Financial Markets lifted 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 buying an additional 1,065 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Park-Ohio in the 1st quarter valued at about $80,000. Finally, Russell Investments Group Ltd. boosted its position in 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 valued at $83,000 after buying an additional 1,659 shares during the last quarter. 51.38% of the stock is owned by institutional investors and hedge funds.

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.