Park-Ohio (NASDAQ:PKOH – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.
Several other analysts have also recently commented on the stock. Wall Street Zen upgraded shares of Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Weiss Ratings raised Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Finally, KeyCorp lifted their target price on Park-Ohio from $45.00 to $59.00 and gave the stock an “overweight” rating in a report 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 company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $59.00.
View Our Latest Analysis on PKOH
Park-Ohio Price Performance
Park-Ohio (NASDAQ:PKOH – Get Free Report) last released its earnings results 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 net margin of 1.60% and a return on equity of 10.55%. The company had revenue of $440.10 million during the quarter, compared to analyst estimates of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. Sell-side analysts predict that Park-Ohio will post 3.26 earnings per share for the current year.
Insider Transactions at Park-Ohio
In other Park-Ohio news, Director James Wert sold 3,000 shares of the stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $47.50, for a total value of $142,500.00. Following the completion of the sale, the director directly owned 85,456 shares in the company, valued at approximately $4,059,160. This trade represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Howard Hanna, IV sold 5,330 shares of Park-Ohio stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $45.05, for a total transaction of $240,116.50. Following the completion of the sale, the director owned 18,122 shares of the company’s stock, valued at $816,396.10. This trade represents a 22.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 52,330 shares of company stock valued at $2,438,390. Corporate insiders own 31.10% of the company’s stock.
Institutional Trading of Park-Ohio
Several large investors have recently made changes to their positions in PKOH. Legal & General Group Plc acquired a new position in Park-Ohio in the 2nd quarter valued at about $38,000. Bank of America Corp DE raised its holdings in Park-Ohio by 25.0% during the first quarter. Bank of America Corp DE now owns 14,033 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 2,805 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Park-Ohio by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock worth $20,121,000 after purchasing an additional 6,547 shares in the last quarter. Ancora Advisors LLC lifted its position 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 valued at $302,000 after purchasing an additional 7,756 shares during the period. Finally, Deutsche Bank AG acquired a new stake in shares of Park-Ohio in the 2nd quarter valued at approximately $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.
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