Park-Ohio (NASDAQ:PKOH) Rating Lowered to “Buy” at Wall Street Zen

Park-Ohio (NASDAQ:PKOH) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts also recently commented on PKOH. Weiss Ratings raised shares of Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. KeyCorp raised shares of Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research report on Monday, February 9th. Finally, Zacks Research raised shares of Park-Ohio to a “hold” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Park-Ohio has an average rating of “Hold” and an average price target of $37.00.

Park-Ohio Price Performance

Shares of PKOH opened at $32.56 on Friday. The company has a market capitalization of $468.86 million, a P/E ratio of 19.38 and a beta of 1.17. The company has a quick ratio of 1.23, a current ratio of 2.40 and a debt-to-equity ratio of 1.70. The firm has a 50 day moving average of $27.68 and a 200 day moving average of $24.72. Park-Ohio has a twelve month low of $15.52 and a twelve month high of $35.01.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. The company had revenue of $421.00 million during the quarter, compared to the consensus estimate of $413.90 million. Park-Ohio had a net margin of 1.46% and a return on equity of 9.93%. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, equities research analysts anticipate that Park-Ohio will post 3.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Park-Ohio

In related news, Director Ronna Romney sold 2,000 shares of Park-Ohio stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $24.51, for a total transaction of $49,020.00. Following the transaction, the director owned 26,944 shares in the company, valued at approximately $660,397.44. The trade was a 6.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Howard W. Iv Hanna sold 2,600 shares of Park-Ohio stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $24.80, for a total transaction of $64,480.00. Following the transaction, the director owned 21,500 shares in the company, valued at approximately $533,200. This trade represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,000 shares of company stock worth $173,620 in the last quarter. Corporate insiders own 31.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its stake in shares of 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 valued at $26,640,000 after buying an additional 156,890 shares in the last quarter. Private Management Group Inc. lifted its stake in shares of Park-Ohio by 1.4% during the 3rd quarter. Private Management Group Inc. now owns 1,037,386 shares of the industrial products company’s stock valued at $22,034,000 after buying an additional 14,222 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Park-Ohio by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock valued at $20,121,000 after buying an additional 6,547 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Park-Ohio by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 528,699 shares of the industrial products company’s stock valued at $11,230,000 after buying an additional 3,967 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in shares of Park-Ohio by 2.1% during the 4th quarter. Gabelli Funds LLC now owns 512,601 shares of the industrial products company’s stock valued at $10,734,000 after buying an additional 10,401 shares in the last quarter. Hedge funds and other 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.