Park-Ohio (NASDAQ:PKOH) Hits New 52-Week High – Time to Buy?

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $39.41 and last traded at $39.3950, with a volume of 26554 shares trading hands. The stock had previously closed at $37.51.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PKOH shares. Weiss Ratings lowered shares of Park-Ohio from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, KeyCorp upped their price objective on shares of Park-Ohio from $37.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.00.

Park-Ohio Trading Up 5.8%

The company’s 50-day moving average is $34.40 and its 200-day moving average is $28.45. 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 firm has a market cap of $571.54 million, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.02 and a beta of 1.18.

Park-Ohio (NASDAQ:PKOH) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. Park-Ohio had a net margin of 1.46% and a return on equity of 9.93%. The company had revenue of $421.00 million for the quarter, compared to analyst estimates of $413.90 million. Park-Ohio has set its FY 2026 guidance at 2.900-3.200 EPS. On average, research analysts predict that Park-Ohio Holdings Corp. will post 3.1 earnings per share for the current year.

Park-Ohio Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.125 per share. The ex-dividend date is Friday, July 31st. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. Park-Ohio’s payout ratio is currently 29.76%.

Insiders Place Their Bets

In related news, insider Robert D. Vilsack sold 6,404 shares of Park-Ohio stock in a transaction on Friday, June 26th. The stock was sold at an average price of $38.45, for a total transaction of $246,233.80. Following the completion of the sale, the insider directly owned 186,539 shares of the company’s stock, valued at $7,172,424.55. The trade was a 3.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Park-Ohio

Several institutional investors and hedge funds have recently made changes to their positions in PKOH. Tower Research Capital LLC TRC lifted its holdings in shares of Park-Ohio by 377.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 2,134 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Park-Ohio by 69.3% during the third quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 1,065 shares during the period. Jones Financial Companies Lllp bought a new position in Park-Ohio during the 1st quarter worth about $80,000. Russell Investments Group Ltd. grew its holdings in shares of Park-Ohio by 73.4% during the third quarter. Russell Investments Group Ltd. now owns 3,920 shares of the industrial products company’s stock worth $83,000 after buying an additional 1,659 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Park-Ohio in the 2nd quarter valued at approximately $90,000. Institutional investors and hedge funds own 51.38% of the company’s stock.

Park-Ohio Company Profile

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.