Park-Ohio (NASDAQ:PKOH) Upgraded at Zacks Research

Zacks Research upgraded shares of Park-Ohio (NASDAQ:PKOH) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks reports.

PKOH has been the subject of a number of other research reports. Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Finally, KeyCorp raised their target price on shares of Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $59.00.

Park-Ohio Stock Performance

Shares of Park-Ohio stock opened at $48.28 on Monday. The stock’s fifty day moving average is $46.15 and its two-hundred day moving average is $36.79. The company has a market capitalization of $699.58 million, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.24 and a beta of 1.24. The company has a quick ratio of 1.26, a current ratio of 2.40 and a debt-to-equity ratio of 1.66. Park-Ohio has a 52 week low of $18.06 and a 52 week high of $53.30.

Park-Ohio (NASDAQ:PKOH) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.12. The business had revenue of $440.10 million during the quarter, compared to the consensus estimate of $425.57 million. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. As a group, analysts expect that Park-Ohio will post 3.26 earnings per share for the current year.

Park-Ohio Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a $0.1250 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, July 31st. Park-Ohio’s payout ratio is presently 26.60%.

Insider Transactions at Park-Ohio

In other news, Director James W. Wert sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $47.50, for a total value of $142,500.00. Following the completion of the sale, the director owned 85,456 shares in the company, valued at approximately $4,059,160. The trade was a 3.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert D. Vilsack sold 3,190 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $46.42, for a total transaction of $148,079.80. Following the completion of the sale, the insider directly owned 144,024 shares of the company’s stock, valued at $6,685,594.08. The trade was a 2.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 52,330 shares of company stock valued at $2,438,390. 31.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Park-Ohio

Several institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC lifted its holdings in Park-Ohio by 7,756.0% during the second quarter. Ancora Advisors LLC now owns 7,856 shares of the industrial products company’s stock worth $302,000 after buying an additional 7,756 shares during the period. Hsbc Holdings PLC bought a new position in shares of Park-Ohio in the 2nd quarter worth $549,000. Empowered Funds LLC bought a new position in shares of Park-Ohio in the 2nd quarter worth $438,000. Bank of America Corp DE purchased a new stake in shares of Park-Ohio during the 2nd quarter worth $347,000. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Park-Ohio during the 2nd quarter worth $1,268,000. 51.38% of the stock is owned by hedge funds and other institutional investors.

About Park-Ohio

Park-Ohio Holdings Corp. is a diversified manufacturing and supply chain management company serving original equipment manufacturers and other industrial customers. The company operates through two primary business areas: Diversified Manufacturing and Supply Chain Management.

Its manufacturing operations produce engineered components and assemblies, including forged, stamped, formed and machined metal parts, plastic-injection-molded components, fluid-management products and other specialized products.