Park-Ohio (NASDAQ:PKOH) Sets New 12-Month High – Here’s Why

Park-Ohio Holdings Corp. (NASDAQ:PKOH) reached a new 52-week high on Wednesday . The company traded as high as $36.88 and last traded at $36.42, with a volume of 113224 shares traded. The stock had previously closed at $36.55.

Analyst Ratings Changes

PKOH has been the subject of several analyst reports. Weiss Ratings upgraded Park-Ohio from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Wall Street Zen lowered Park-Ohio from a “strong-buy” rating to a “buy” rating in a report on Monday, June 15th. 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 currently has a consensus rating of “Hold” and a consensus price target of $37.00.

Park-Ohio Price Performance

The stock’s fifty day moving average price is $31.44 and its 200-day moving average price is $26.65. The firm has a market cap of $551.23 million, a price-to-earnings ratio of 22.79, a P/E/G ratio of 0.98 and a beta of 1.20. The company has a current ratio of 2.40, a quick ratio of 1.23 and a debt-to-equity ratio of 1.70.

Park-Ohio (NASDAQ:PKOH) last released its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. Park-Ohio had a net margin of 1.46% and a return on equity of 9.93%. The firm 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. As a group, equities research analysts forecast that Park-Ohio Holdings Corp. will post 3.1 earnings per share for the current fiscal year.

Park-Ohio Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.125 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. Park-Ohio’s payout ratio is currently 29.76%.

Hedge Funds Weigh In On Park-Ohio

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in Park-Ohio by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,602 shares of the industrial products company’s stock valued at $55,000 after buying an additional 1,065 shares during the period. Tower Research Capital LLC TRC boosted its stake in Park-Ohio by 377.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after buying an additional 2,134 shares during the period. Jones Financial Companies Lllp purchased a new position in Park-Ohio during the first quarter worth about $80,000. Russell Investments Group Ltd. increased its position 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 valued at $83,000 after acquiring an additional 1,659 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Park-Ohio during the second quarter valued at about $90,000. 51.38% of the stock is currently owned by hedge funds and other institutional investors.

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.