Park-Ohio (NASDAQ:PKOH) Raised to Strong-Buy at Wall Street Zen

Park-Ohio (NASDAQ:PKOH) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

Several other research firms also recently weighed in on PKOH. KeyCorp raised their price target on Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings raised 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $59.00.

Park-Ohio Stock Down 0.3%

PKOH stock opened at $49.40 on Thursday. The company’s 50 day simple moving average is $38.77 and its 200-day simple moving average is $31.16. The firm has a market capitalization of $715.81 million, a PE ratio of 26.28, a P/E/G ratio of 1.30 and a beta of 1.18. Park-Ohio has a 12 month low of $18.06 and a 12 month high of $53.30. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.12. Park-Ohio had a return on equity of 10.55% and a net margin of 1.60%.The firm had revenue of $440.10 million during the quarter, compared to the consensus estimate of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Equities analysts expect that Park-Ohio will post 3.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Park-Ohio

In related news, insider Robert D. Vilsack sold 6,404 shares of Park-Ohio stock in a transaction on Friday, June 26th. The stock was sold at an average price of $38.45, for a total value of $246,233.80. Following the transaction, the insider owned 186,539 shares in the company, valued at approximately $7,172,424.55. This trade represents a 3.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 31.10% of the company’s stock.

Hedge Funds Weigh In On Park-Ohio

A number of large investors have recently modified their holdings of PKOH. JB Capital Partners LP grew its holdings in shares of Park-Ohio by 52.9% during the 4th quarter. JB Capital Partners LP now owns 117,599 shares of the industrial products company’s stock worth $2,451,000 after purchasing an additional 40,700 shares during the period. Gamco Investors INC. ET AL increased its position in Park-Ohio by 14.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,272,221 shares of the industrial products company’s stock worth $26,640,000 after purchasing an additional 156,890 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Park-Ohio by 5.2% in the fourth quarter. First Eagle Investment Management LLC now owns 435,605 shares of the industrial products company’s stock valued at $9,122,000 after buying an additional 21,535 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Park-Ohio in the first quarter valued at approximately $344,000. Finally, Algert Global LLC acquired a new position in Park-Ohio during the second quarter valued at approximately $1,865,000. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

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.