Park-Ohio (NASDAQ:PKOH) Raised to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Park-Ohio to “strong buy” from “hold.” The stock has a consensus “buy” rating and a consensus price target of $59.
• Park-Ohio exceeded quarterly expectations, reporting $0.93 EPS versus the $0.81 consensus and revenue of $440.1 million versus $425.6 million expected. The company issued fiscal 2026 EPS guidance of $3.10–$3.30.
• Shares opened at $48.68, near their 52-week high of $53.30, while insiders sold 52,330 shares worth approximately $2.44 million during the last quarter.

Park-Ohio (NASDAQ:PKOH - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other research analysts have also weighed in on PKOH. Wall Street Zen raised shares of Park-Ohio from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 13th. Weiss Ratings upgraded Park-Ohio from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Finally, KeyCorp raised their target price on Park-Ohio from $45.00 to $59.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. One 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 stock. Based on data from MarketBeat.com, Park-Ohio presently has a consensus rating of "Buy" and a consensus target price of $59.00.

Park-Ohio Stock Performance

Shares of NASDAQ:PKOH opened at $48.68 on Monday. The business's 50 day moving average price is $45.95 and its 200-day moving average price is $36.62. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.40 and a quick ratio of 1.26. The firm has a market capitalization of $705.37 million, a PE ratio of 25.89, a P/E/G ratio of 1.22 and a beta of 1.24. Park-Ohio has a 1 year low of $18.06 and a 1 year high of $53.30.

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

Insider Activity

In other Park-Ohio news, Director James W. Wert sold 3,000 shares of Park-Ohio stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $47.50, for a total transaction of $142,500.00. Following the completion of the sale, the director directly owned 85,456 shares in the company, valued at $4,059,160. This trade represents a 3.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert D. Vilsack sold 9,000 shares of the business's stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $47.44, for a total transaction of $426,960.00. Following the completion of the sale, the insider directly owned 167,836 shares in the company, valued at $7,962,139.84. This trade represents a 5.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,330 shares of company stock valued at $2,438,390 in the last quarter. Insiders own 31.10% of the company's stock.

Institutional Trading of Park-Ohio

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JB Capital Partners LP grew its stake in shares of Park-Ohio by 52.9% in the fourth quarter. JB Capital Partners LP now owns 117,599 shares of the industrial products company's stock valued at $2,451,000 after buying an additional 40,700 shares in the last quarter. BlackRock Inc. purchased a new position in Park-Ohio during the 2nd quarter valued at about $28,189,000. Bank of New York Mellon Corp acquired a new position in Park-Ohio in the 2nd quarter valued at about $4,403,000. CM Wealth Advisors LLC purchased a new stake in Park-Ohio during the second quarter worth about $4,302,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Park-Ohio during the second quarter worth about $549,000. Hedge funds and other institutional investors own 51.38% of the company's stock.

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.

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