Park-Ohio (NASDAQ:PKOH) Upgraded to “Strong-Buy” at Zacks Research

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

A number of other equities analysts have also recently issued reports on PKOH. Weiss Ratings upgraded shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. KeyCorp raised their price objective on shares of Park-Ohio from $45.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $59.00.

Park-Ohio Stock Up 1.9%

PKOH stock opened at $48.68 on Monday. The business has a 50 day moving average of $45.95 and a 200 day moving average of $36.62. The firm has a market cap of $705.37 million, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.22 and a beta of 1.24. Park-Ohio has a twelve month low of $18.06 and a twelve month high of $53.30. 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 (NASDAQ:PKOH) last released its earnings results on Wednesday, August 5th. The industrial products company reported $0.93 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 business had revenue of $440.10 million for 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. On average, research analysts forecast that Park-Ohio will post 3.26 EPS for the current fiscal year.

Park-Ohio Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a dividend of $0.1250 per share. 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 dividend payout ratio (DPR) is presently 26.60%.

Insider Activity at Park-Ohio

In related news, Director Howard Hanna, IV sold 5,330 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $45.05, for a total value of $240,116.50. Following the completion of the transaction, the director owned 18,122 shares of the company’s stock, valued at approximately $816,396.10. This represents a 22.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Vilsack sold 9,000 shares of the stock in a transaction on Monday, September 28th. The stock was sold at an average price of $47.44, for a total value of $426,960.00. Following the completion of the sale, the insider owned 167,836 shares of the company’s stock, valued at $7,962,139.84. The trade was a 5.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 52,330 shares of company stock worth $2,438,390. 31.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc purchased a new position in Park-Ohio during the 2nd quarter valued at approximately $38,000. Ancora Advisors LLC lifted its stake in Park-Ohio by 7,756.0% in the second quarter. Ancora Advisors LLC now owns 7,856 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 7,756 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Park-Ohio by 25.0% during the 1st quarter. Bank of America Corp DE now owns 14,033 shares of the industrial products company’s stock worth $337,000 after acquiring an additional 2,805 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Park-Ohio during the first quarter worth $344,000. Finally, Deutsche Bank AG bought a new stake in shares of Park-Ohio during the second quarter worth $347,000. 51.38% of the stock is owned by hedge funds and other institutional investors.

Park-Ohio Company Profile

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.