Park-Ohio (NASDAQ:PKOH) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.35 and traded as high as $23.40. Park-Ohio shares last traded at $22.84, with a volume of 23,958 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Park-Ohio in a report on Thursday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Park-Ohio Trading Down 0.5%

The firm has a market cap of $328.90 million, a price-to-earnings ratio of 13.60 and a beta of 1.17. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.32 and a current ratio of 2.56. The company has a 50 day moving average price of $21.68 and a 200 day moving average price of $20.35.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). Park-Ohio had a return on equity of 10.53% and a net margin of 1.46%.The business had revenue of $398.60 million for the quarter, compared to analyst estimates of $417.30 million. Park-Ohio has set its FY 2025 guidance at 2.700-2.900 EPS.

Park-Ohio Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 6th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 6th. Park-Ohio’s payout ratio is 29.76%.

Insider Buying and Selling at Park-Ohio

In related news, Director Ronna Romney sold 2,975 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $20.29, for a total transaction of $60,362.75. Following the completion of the transaction, the director owned 28,944 shares of the company’s stock, valued at approximately $587,273.76. This trade represents a 9.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 31.51% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Park-Ohio by 238.4% during the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock worth $26,000 after buying an additional 856 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Park-Ohio by 377.7% in 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 buying an additional 2,134 shares during the period. BNP Paribas Financial Markets lifted its stake in Park-Ohio by 69.3% during the 3rd 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 in the last quarter. Jones Financial Companies Lllp purchased a new position in Park-Ohio during the 1st quarter valued at about $80,000. Finally, Russell Investments Group Ltd. grew its position in Park-Ohio by 73.4% in the 3rd 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 in the last quarter. 51.38% of the stock is currently owned by institutional investors and hedge funds.

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.