Wall Street Zen Upgrades Park-Ohio (NASDAQ:PKOH) to “Strong-Buy”

Park-Ohio (NASDAQ:PKOH) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings upgraded Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Zacks Research upgraded shares of Park-Ohio to a “hold” rating in a research report on Monday, February 9th. Finally, KeyCorp raised Park-Ohio from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research note on Monday, February 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.00.

Park-Ohio Price Performance

Shares of NASDAQ:PKOH opened at $32.01 on Friday. The company has a market capitalization of $460.94 million, a P/E ratio of 19.05 and a beta of 1.20. Park-Ohio has a fifty-two week low of $15.52 and a fifty-two week high of $35.01. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.23 and a current ratio of 2.40. The company’s 50-day moving average is $28.55 and its 200 day moving average is $25.16.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings data on Wednesday, May 6th. The industrial products company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. The business had revenue of $421.00 million for 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. On average, equities research analysts forecast that Park-Ohio will post 3.13 earnings per share for the current year.

Insiders Place Their Bets

In other Park-Ohio news, Director Ronna Romney sold 2,000 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $24.51, for a total value of $49,020.00. Following the completion of the transaction, the director owned 26,944 shares in the company, valued at approximately $660,397.44. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Howard W. Iv Hanna sold 2,600 shares of the stock in a transaction on 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 transaction, the director owned 21,500 shares of the company’s stock, 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 sold 7,000 shares of company stock valued at $173,620 in the last ninety days. 31.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Park-Ohio

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Park-Ohio by 10.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 527 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Park-Ohio during the first quarter valued at $80,000. Geode Capital Management LLC grew its stake in shares of Park-Ohio by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 220,439 shares of the industrial products company’s stock valued at $3,938,000 after purchasing an additional 9,656 shares during the period. Rhumbline Advisers grew its stake in shares of Park-Ohio by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 589 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Park-Ohio by 5.6% during the 2nd quarter. First Trust Advisors LP now owns 28,018 shares of the industrial products company’s stock valued at $500,000 after purchasing an additional 1,489 shares during the period. 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.